APN News

  • Saturday, April, 2024| Today's Market | Current Time: 07:14:21
  • Bengaluru:  Rabyte, a Global Distributor of Semiconductors, Passives, Interconnect and Electro-mechanical components, Displays and Modules from over 60 world-class renowned manufacturers  to OEMs, ODMs, EMS in various Industry segments such as Consumer Electronics , Automotive, , Industrial Electronics, Lighting, IoT & Telecom with strong presence in India and ASEAN region and  Virtual Forest, a Bangalore based start up, that transforms ideas into innovative green technologies announced that they have entered into a partnership that will expand Virtual Forest’s sales and support footprint in INDIA and the ASEAN market. With this Virtual Forest will be the first source vendors of electronic solutions for the home appliances ecosystem in the INDIA subcontinent as well as the ASEAN region.

    Rabyte presently serves its clients spread all over the world from a wide spectrum of industries which include: automotive electronics, consumer electronics, industrial electronics, Lighting, IoT and Telecom etc. Rabyte has positioned itself as a complete solutions provider to its customers, providing support right from the conceptualization stage to the proto stage to the pre-sales configuration stage all the way to post-sales engineering support. It has partnerships with premier technology suppliers from the world over to bring together the innovative technologies and capabilities to deliver new solutions in the marketplace. “Rabyte is delighted to be working with Virtual Forest to support Indian customers with various motor control and human interface solutions like BLDC Fan Controllers, Inverter AC controller and Solar Pumps Controller to name a few. This will empower Indian companies to be self-sufficient while offering a strategic alternative to finished goods electronics imports from China, helping in local manufacturing “Make in India” and strive towards being “Atmanirbhar”, said  Raj Gaurav Batra, Director at Rabyte.  

    As a result of this partnership, Virtual Forest joins a select band of technology suppliers that address the Indian Household Appliances segment which is projected to reach a revenue of US$1,534m in 2021. Revenues are expected to show an annual growth rate (CAGR 2021-2025) of 8.62%, resulting in a projected market volume of US$2,136m by 2025. User penetration is expected to be 14.2% in 2021 and is which will hit 28.8% by 2025.  The average revenue per user (ARPU) is expected to amount to US$7.73.These trends augur well for the partnership between Rabyte and Virtual Forest being announced.

    “Virtual Forest is extremely excited to announce the partnership with Rabyte. We hope to jointly help unlock the true potential of the Indian consumer electronics sector as well as positioning India as an electronics manufacturing powerhouse for the ASEAN region”, remarked Omer Basith, founding director and CEO of Virtual Forest.

    Under the arrangement, Virtual Forest will extend its sales and support footprint leveraging Rabyte’s existing customer network as well as developing new customers across geographies.  Virtual Forest unique value proposition of cutting edge R&D expertise coupled with high volume manufacturing capability through its 8 strategically located manufacturing facilities presents Rabyte’s customers a globally competitive proposition and enables them to built resilient supply chain for component supplies, helping reduce dependence on China. “This is something all our customers are very keen and interested in doing,” says Raj Gaurav Batra, Director at Rabyte.

    SEE COMMENTS

    Leave a Reply