Atomberg To Form JV With Voltas To Manufacture AC Compressors

Consumer appliances startup Atomberg is partnering with Tata-owned Voltas to manufacture room air conditioner compressors in India. Voltas signed a binding term sheet with Atomberg’s B2B subsidiary, Atomberg Innovation Private Limited (AIPL), to establish a joint venture (JV). The JV aims to develop, manufacture, and supply energy-efficient, reliable, cost-competitive, and locally produced air conditioner compressors and related parts.

Voltas, with its extensive expertise and 30,000 touchpoints in manufacturing and supply chain, will be the anchor customer, providing a stable demand base. Atomberg Innovation will contribute its compressor technology, engineering, and product design capabilities. The partnership will enable broader market participation, scale, and long-term competitiveness.

Atomberg cofounder Manoj Meena stated that the JV will combine Atomberg's deep-tech capabilities in efficient motors, control drives, and advance engineering with Voltas' air conditioning expertise, manufacturing capability, and market scale. The JV is pending approval from relevant authorities. Founded in 2012, Atomberg initially sold energy-efficient BLDC fans and later entered the consumer market in 2016.

Today, it offers a range of appliances, including mixers, purifiers, and small appliances, through various channels. Backed by Inflexor Ventures, Trifecta Capital Advisors, Steadview Capital, and Temasek, Atomberg has raised around $126.5 million to date. The startup managed to reduce its net losses by 41% YoY to ₹117 crore in FY25, while revenue grew over 20% YoY to ₹958.4 crore.

Atomberg aims to list on the stock exchange and is seeking ₹1,500 crore to ₹2,000 crore in its public offering, comprising both fresh share issuance (25-35%) and an offer for sale by existing investors.