The Bengaluru-based firm will launch a variety of smartphone models under the Acer brand in mid-2024. It will also handle distribution of the smartphones through ecommerce and offline channels.
Indkal is aiming for an initial capacity of manufacturing a million smartphones per year, after which it will scale up further. It will also apply for benefits under the production-linked incentive (PLI) scheme soon.
“We are excited that Indkal Technologies will further (our) mission in India by providing a wide range of smartphones under the Acer brand that expands end-user choices and enrich their experience in the Indian market,” said Jade Zhou, vice president of global strategic alliances at Acer Inc. Indkal owns the Acer trademark license in TV, smartphones, and large appliances exclusively in India.
“At present, our primary focus is on building and scaling our existing brand and product portfolio. However, we are certainly open to exploring opportunities to expand into other product categories and to diversify our offerings with multiple brands in the future,” Indkal’s chief executive Anand Dubey told ET.
In June, the firm raised $36 million in a funding round led by Mauritius-based Aries Opportunities Fund. Currently, the firm designs, manufactures, sells and services products like air conditioners, refrigerators, and washing machines for global brands like Acer and Black & Decker.
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In FY24, Indkal clocked a gross revenue of Rs 800 crore, which it aims to grow by 250-300% by the end of this fiscal, Dubey had said at the time of the funding. The firm is also profitable on a profit after tax (PAT) basis, he had added.Earlier this year, the firm launched Wobble, its own brand of wearable and audio products.