Zetwerk, a manufacturing unicorn, intends to invest 1 billion rupees to support its consumer electronics manufacturing venture. According to Rahul Sharma, co-founder of Zetwerk, the company wants to penetrate other sectors, increase its production base outside of the north, and form partnerships with the government.

To reach the next stage of expansion, the company intends to enter the electric vehicle and IT hardware markets. It will be making an entry into the battery management system, battery pack, power drain, and the parts that belong on the electrical side in addition to the battery in the EV category.

“The EV category is very nascent but we are betting our future on it, we are charting what the landscape will look it in the next three years. IT Hardware is also an area of interest, we are in talks with multiple customers to figure out how can we set up a supply chain for them,” Sharma told businessline.  

It will also start production of laptops within the current financial year and is in the process of deciding on the factory, system, and pilot runs. Sharma said, “We are talking to a lot of international brands who are interested. They are looking for a partner who can scale fast. I think they want an agile, scalable supply chain and we are promising to them.”