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.
- 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.
