Atomberg Technologies raises USD 20 million for new manufacturing facility
The round, which takes the overall funds raised by the city-headquartered company to USD 45 million since inception in 2012, also saw participation from Inflexor Ventures, and existing investors A91 Partners and angel investor Ramakant Sharma, as per an official statement.
The company, which pioneered a technology reducing power consumption for fans by 65 per cent, currently manufactures from a facility in Navi Mumbai which can produce 1.5 lakh fans a month. Pic: https://atomberg.com/