Corvi LED Illuminates the Future with $8 Million Funding Boost
July 18, 2024, 9:43 am
Location: India, Maharashtra, Mumbai
Employees: 51-200
Founded date: 2012
Total raised: $8M
In a groundbreaking move, Corvi LED Light, a renowned lighting product design company based in Mumbai, has successfully secured a substantial $8 million in Series B funding, with Enam Investments leading the charge. This infusion of capital marks a pivotal moment for Corvi LED as it sets its sights on expanding operations and making significant investments in marketing and distribution to solidify its market presence in both the B2C and B2B sectors.
Founder Vimal Soni expressed his enthusiasm for the company's continued leadership in the industry, emphasizing their unwavering commitment to design, development, and efficiency. Despite the industry's overall stagnation following the shift to LED lights, Corvi LED has remained at the forefront of innovation, setting new standards for sustainability and user experience. This latest funding round is expected to propel the company's efforts to pioneer advancements in lighting technology, further cementing its position as a trailblazer in the field.
With the LED market in India showing immense promise, driven by factors such as booming real estate, urbanization, and the smart cities mission, Corvi LED is well-positioned to capitalize on the growing demand for cutting-edge lighting solutions. The company, founded in 2012, has built a reputation for its focus on design, efficiency, and sustainability, offering a diverse range of over 100 products spanning seven categories.
Having exported to 24 countries across Europe, the Middle East, Africa, and South-East Asia, Corvi LED has established itself as a global player in the lighting industry. The company's extensive portfolio of patents and registrations underscores its commitment to innovation and excellence, setting it apart as a leader in the market.
Looking ahead, Corvi LED plans to introduce a range of innovative LED products that cater to the evolving needs of consumers, emphasizing both ergonomic design and aesthetic appeal. The partnership with Enam Investments is seen as a strategic move that will enable Corvi LED to redefine the lighting market in India, setting new benchmarks for quality and performance.
As the company embarks on this exciting new chapter, the future looks brighter than ever for Corvi LED, with the potential to revolutionize the way we think about lighting technology and design. With a strong foundation built on innovation and a relentless pursuit of excellence, Corvi LED is poised to shine even brighter in the years to come.
Founder Vimal Soni expressed his enthusiasm for the company's continued leadership in the industry, emphasizing their unwavering commitment to design, development, and efficiency. Despite the industry's overall stagnation following the shift to LED lights, Corvi LED has remained at the forefront of innovation, setting new standards for sustainability and user experience. This latest funding round is expected to propel the company's efforts to pioneer advancements in lighting technology, further cementing its position as a trailblazer in the field.
With the LED market in India showing immense promise, driven by factors such as booming real estate, urbanization, and the smart cities mission, Corvi LED is well-positioned to capitalize on the growing demand for cutting-edge lighting solutions. The company, founded in 2012, has built a reputation for its focus on design, efficiency, and sustainability, offering a diverse range of over 100 products spanning seven categories.
Having exported to 24 countries across Europe, the Middle East, Africa, and South-East Asia, Corvi LED has established itself as a global player in the lighting industry. The company's extensive portfolio of patents and registrations underscores its commitment to innovation and excellence, setting it apart as a leader in the market.
Looking ahead, Corvi LED plans to introduce a range of innovative LED products that cater to the evolving needs of consumers, emphasizing both ergonomic design and aesthetic appeal. The partnership with Enam Investments is seen as a strategic move that will enable Corvi LED to redefine the lighting market in India, setting new benchmarks for quality and performance.
As the company embarks on this exciting new chapter, the future looks brighter than ever for Corvi LED, with the potential to revolutionize the way we think about lighting technology and design. With a strong foundation built on innovation and a relentless pursuit of excellence, Corvi LED is poised to shine even brighter in the years to come.