Smartron secures capital from GEM providing a Subscription Facility of $200 million

138

Smartron, an INDIA, and US-based global technology AIOT and EV OEM brand (Company), is pleased to announce that it has signed an agreement (“Agreement”) with the Global Emerging Markets Group (GEM), an alternative investment group with operations in Paris, New York, and the Bahamas. Under the agreement, GEM will provide a Share Subscription Facility of up to $200 million, to be drawn at the option of the Company.

Over the last 5+ years, Smartron states to have developed a big HW portfolio from smartphones to laptops to wearables to the smart home hub to smart things to e-bikes to battery packs to IoT modules, all powered by tronX, its own AIOT SW platform built on deep technologies such as 5G, AI/ML, IoT, Robotics and Web3. The Company has been launching many products powered by tronX platform across Personal (Mobile), Smart Home, Smart Infra, EV, and Energy markets.

This up to $200M investment announcement between Smartron and GEM will help support the Company’s future growth and potential public listing plans. Over the next 3-5 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. 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.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here