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Published on May 25, 2022
~Aims For A Turnover Of INR 300 Crore By FY2022-23~
New Delhi : Smarten, one of India’s leading power-backup manufacturers, announces its 3X investment in the research and development centre in order to strengthen its niche in the energy sector in the Indian market. With an aim to boost sustainability and reduce carbon emissions, Smarten has emerged stronger than ever amidst the current energy crisis due to extreme heatwaves.
In the first phase of investment, Smarten has planned to produce MPPT technology to bring advanced products at an affordable price and will also focus on developing electronic hardware, remote monitoring software, and lithium-ion fabrication.
Commenting on the same, Mr. Ravi Dutt, Director and R & D Head, Smarten Power Systems, says, “We are glad to announce our investment in the highly competitive market. With the significantly rising penetration of Smarten products, our mission is to establish the company as the most preferred solar product brand for commercial and residential use. We are predominantly focusing on delivering disruptive features and the ultimate user experience at a nominal cost.
Our aim is to proactively develop suitable technology solutions that can substitute non-renewable energy generation and build a green and sustainable future for all.” He further added.
In its second phase of investment, the brand will focus on the expansion of the new manufacturing capacity from 36000 sq ft to 1,00,000 sq ft within India, thereby supporting the Make in India initiative.
Having marked a significant growth of 100% in FY 2021-22, the company aims to clock INR 300Cr in revenue by FY2022-23.
The brand has recently launched MPPT solar PCU in the Indian market. By the end of the next quarter, the company intends to launch a diverse portfolio of solar products in India, including Li-based solar power backup systems, EV chargers, electric bicycles, and so on.