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Hero Electronix to invest Rs 150-200 cr in next few years

Tuesday, 17 Sep 2019

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Hero Electronix is planning to make an investment of Rs 150-200 crore over the next few years primarily in its new consumer tech brand 'Qubo' that will offer a portfolio of AI-powered connected smart devices.

The company, which is part of the Hero Group, has launched a voice-controlled smart indoor camera and smart sensors (for doors, gas leakage and smoke) under the 'Qubo' brand. We have been at the forefront of engineering technology and services for enterprise with Tessolve, Mybox, and Zenatix.

The company has already invested close to Rs 350 crore in the company across these brands and plans to invest another Rs 150-200 crore over the next couple of years.

Hero Electronix is planning to launch more than 10 smart products across home automation, automotive and entertainment categories in the next two years. These will include products like smart plugs, smart video doorbell and baby room monitors.