Atomberg To Form JV With Voltas To Manufacture AC Compressors

by · Inc42

SUMMARY

  • While Voltas will be the anchor customer, the joint venture will have the flexibility to supply compressors to other clients as well
  • The JV enables Atomberg to secure Voltas as a high-volume customer, validate its indigenous compressor technology and diversify its revenue ahead of an anticipated IPO
  • This comes as Atomberg is looking to raise ₹1,500 Cr to ₹2,000 Cr via its public offering, which will comprise both fresh issue of shares (25-35%) and an OFS by existing backers