Rapidise Reports 10x Revenue Growth
What happened
Rapidise, an India-based Original Design Manufacturer (ODM), announced a period of hyper-growth, including a 10x increase in revenue. The company is expanding its global footprint and scaling its end-to-end electronics system design and manufacturing (ESDM) capabilities. This growth reflects a broader trend of expansion in the global electronics manufacturing sector.
Why it matters
- Rapidise is on track to reach $55 million (INR 500 Crore) in revenue in the fiscal year 2025–26, a significant increase that accompanies a workforce expansion to over 1,000 employees. - The company was founded in 2021 by Brijesh Kamani and operates as a joint venture between Napino Tech Ventures Pvt. Ltd. and Teksun Microsys Pvt. Ltd., launching with $4 million in seed funding to focus on AI-enabled connected devices. - In the third quarter of fiscal year 2025–26, Rapidise commissioned a new manufacturing facility equipped with new SMT lines, an ISO Class-6 clean room, and automated end-of-line (EOL) systems, boosting its production capacity to over 300,000 units per month. - The company specializes in the design and manufacturing of complex electronics for various sectors, including IoT modules, automotive edge AI devices, 5G-enabled surveillance systems, and smart devices for agricultural and industrial applications. - Rapidise's growth is part of a larger trend in India's Electronics System Design & Manufacturing (ESDM) industry, which is projected to double in market size to between ₹7-8 lakh crore by 2030, with a compound annual growth rate of 20-25%. - The global market for Electronics Manufacturing Services (EMS) and Original Design Manufacturing (ODM) was valued at over $867 billion in 2024 and is expected to grow, driven by the increasing demand for consumer electronics and the adoption of IoT and 5G technologies. - As a vertically integrated ODM, Rapidise handles the entire product lifecycle from design and prototyping to certification and mass production, allowing clients to focus on branding and marketing. - The company has already delivered over one million smart IoT devices and holds more than $81 million in booked orders from markets in North America, Europe, the Middle East, and the Asia-Pacific region.
Key numbers
- Rapidise, an India-based Original Design Manufacturer (ODM), announced a period of hyper-growth, including a 10x increase in revenue.
- - Rapidise is on track to reach $55 million (INR 500 Crore) in revenue in the fiscal year 2025–26, a significant increase that accompanies a workforce expansion to over 1,000 employees.
- The company was founded in 2021 by Brijesh Kamani and operates as a joint venture between Napino Tech Ventures Pvt.
- Ltd., launching with $4 million in seed funding to focus on AI-enabled connected devices.
Quick answers
What happened in Rapidise Reports 10x Revenue Growth?
Rapidise, an India-based Original Design Manufacturer (ODM), announced a period of hyper-growth, including a 10x increase in revenue. The company is expanding its global footprint and scaling its end-to-end electronics system design and manufacturing (ESDM) capabilities. This growth reflects a broader trend of expansion in the global electronics manufacturing sector.
Why does Rapidise Reports 10x Revenue Growth matter?
Rapidise is on track to reach $55 million (INR 500 Crore) in revenue in the fiscal year 2025–26, a significant increase that accompanies a workforce expansion to over 1,000 employees. The company was founded in 2021 by Brijesh Kamani and operates as a joint venture between Napino Tech Ventures Pvt. Ltd. and Teksun Microsys Pvt. Ltd., launching with $4 million in seed funding to focus on AI-enabled connected devices. In the third quarter of fiscal year 2025–26, Rapidise commissioned a new manufacturing facility equipped with new SMT lines, an ISO Class-6 clean room, and automated end-of-line (EOL) systems, boosting its production capacity to over 300,000 units per month. The company specializes in the design and manufacturing of complex electronics for various sectors, including IoT modules, automotive edge AI devices, 5G-enabled surveillance systems, and smart devices for agricultural and industrial applications. Rapidise's growth is part of a larger trend in India's Electronics System Design & Manufacturing (ESDM) industry, which is projected to double in market size to between ₹7-8 lakh crore by 2030, with a compound annual growth rate of 20-25%. The global market for Electronics Manufacturing Services (EMS) and Original Design Manufacturing (ODM) was valued at over $867 billion in 2024 and is expected to grow, driven by the increasing demand for consumer electronics and the adoption of IoT and 5G technologies. As a vertically integrated ODM, Rapidise handles the entire product lifecycle from design and prototyping to certification and mass production, allowing clients to focus on branding and marketing. The company has already delivered over one million smart IoT devices and holds more than $81 million in booked orders from markets in North America, Europe, the Middle East, and the Asia-Pacific region.
