Partnership · Professional & Local Services

Atomberg forms joint venture with Voltas to manufacture AC compressors

By Startup Enthusiast · 15 August 2026

What they do

Atomberg, a consumer appliance manufacturer, is forming a joint venture with Voltas to manufacture room AC compressors in India

The partnership aims to leverage Voltas' manufacturing and market scale with Atomberg's compressor technology and engineering capabilities

Atomberg is preparing for an IPO and plans to raise ₹1,500 Cr to ₹2,000 Cr through a public offering

Atomberg, a consumer appliance manufacturer, is forming a joint venture with Voltas to manufacture room AC compressors in India.
The partnership involves Atomberg's B2B subsidiary, Atomberg Innovation Private Limited (AIPL), and Voltas, which will be the anchor customer of the JV.
The joint venture will focus on developing, manufacturing, and supplying air conditioner compressors with an emphasis on energy efficiency and cost competitiveness.
Voltas will provide manufacturing expertise and market scale, while Atomberg will bring its capabilities in compressor technology and engineering.
The partnership is subject to due diligence and approvals from relevant authorities.

Atomberg is preparing for an IPO and plans to raise ₹1,500 Cr to ₹2,000 Cr through a public offering.
The company has raised nearly $126.5 Mn to date and reported a 41% reduction in net losses to ₹117 Cr in FY25.
Atomberg's board has approved raising up to ₹90 Cr via a pre-IPO placement, which will be reduced from the fresh issue if the listing materialises.

Atomberg sells a range of consumer appliances such as ceiling fans, mixer grinders, water purifiers, and smart locks.
The company operates through offline retailers, online marketplaces, and its own website.
Atomberg entered the B2B manufacturing business in March 2026 through its subsidiary AIPL to build motors and controllers for home appliances.
The company's website showcases a variety of products with discounts and EMI options for customers.
Atomberg's products include smart ceiling fans, water purifiers, and mixer grinders with features such as energy efficiency and advanced engineering.

Atomberg is preparing for an IPO and plans to raise ₹1,500 Cr to ₹2,000 Cr through a public offering.
The company has approved raising up to ₹90 Cr via a pre-IPO placement, which will be reduced from the fresh issue if the listing materialises.

Inflexor Ventures (investor) — A venture capital firm that has invested in Atomberg.
Trifecta Capital Advisors (investor) — A venture capital firm that has invested in Atomberg.
Steadview Capital (investor) — A venture capital firm that has invested in Atomberg.
Temasek (investor) — A global investment company that has invested in Atomberg.

Product: consumer appliances startup
Customers: Households and commercial buyers looking for energy-efficient cooling and home appliances
How it makes money: Designs, manufactures, and sells consumer home appliances via retail stores and online channels
What sets it apart: In-house BLDC motor and electronics engineering that reduces ceiling fan power consumption