Sunil Kant Munjal–led Hero Enterprise has invested $10 million in Corvi LED light which is a Mumbai based consumer light start up. According to Munjal, in the coming months, the company will center and back entrepreneurial ventures that have the potential to turn global in scale. It will also focus on companies which are technologically-focused, based on principles of inclusive growth and have innovative business model.
The investment in Corvi will basically help in strengthening many other forays made by Hero Enterprise over the past year in various areas like digital learning, e-commerce, healthcare, kid education and women’s empowerment. The company has strong credentials in innovative and sophisticated product design. This will also help make this high-end technology available to every individual.
A combination of solid state technology, quality manufacturing and minimalistic design allows a higher light output of light against per watt of power consumed. Corvi LED light uses 3D printing technology and digital simulations in order to develop new products. Viman Soni, founder and CEO of Corvi LED light said, “This investment should help boost Corvi’s intelligent product range and build presence in new markets.”