Smartron Founder Mahesh Lingareddy aims big to create an Indian made global brand, gets up to $200 mn GEM Group’s commitment

Smartron India Pvt Ltd, which operates tech brand Smartron, said it had received a capital commitment of up to $200 million (around Rs 14 crore) from Global Emerging Markets (GEM) Group.

The company said that under the fresh pact, GEM will provide a share subscription facility of up to $200 million.

“This up to $200 million investment announcement between Smartron and GEM will help support the company’s future growth and potential public listing plans.

Over the next three-five years, Smartron will be focused on driving growth by targeting primarily smart home, smart infra, EV, and energy verticals powered by tronX platform, manufactured by tworks, and cared by tlife,” said Mahesh Lingareddy, Founder and Chairman, Smartron Group.

“The tronX platform is also being offered as a B2B service to companies that are targeting various AIoT applications. Smartron is uniquely positioned to benefit from huge opportunities across the Indo-US corridor thanks to the ongoing global supply chain challenges and (re)alignments,” he added.

Smartron had launched products powered by tronX platform across smart infra, EV, and energy markets, among others. It claims to offer solutions, services, and support via tronX, its own artificial intelligence of things (AIOT) platform and a wide range of hardware devices. Over the last five years, our teams in India and US supported by global investors, partners, suppliers and customers have Designed, Engineered, Manufactured, and Launched a wide range of “t.things” for life from smartphones to laptops to wearable bands to smart home to smart infra to ebikes to battery packs, all powered by tronX, our own AIOT SW platform. We are not building just another food or restaurant or real estate or fintech or edtech app. We are not happy with singles or base hits. We want to take a big swing to the fence for a six or a grand slam even if we are clean bowled or struck out in doing so. We are here to take risks and build platform driven products and solutions that deliver amazing experiences to our customers. We are “engineers at heart”, building “intelligent things for life”. Come join us on this journey to bring out change.While we could have not predicted all this 5 year ago when our journey started, Smartron is now ideally positioned for huge growth over the next 5 years leveraging the INDO-US corridor opportunities.The Journey Continues to improve productivity, efficiency, safety and sustainability.

In 2016, former Indian cricketer Sachin Tendulkar invested in Smartron. GEM is a $3.4 billion alternative investment group focused on emerging markets across the world.

The group in a statement said that its family of funds and investment vehicles provide GEM and its partners with exposure to small-mid cap management buyouts, private investments in public equities (PIPEs) and select venture investments.