Su-vastika clocks 60 crores in export revenue, aims to hit 100 crores in the upcoming fiscal year
Power storage and backup solution provider Su-vastika have become the first startup in the hardware space in India to achieve INR 60 crore in export revenue. The key products that are said to be driving this growth in export revenue are Energy Storage Systems, Emergency Rescue Devices, and Home UPS/Inverters.
Based out of Gurugram, Su-vastika is a Government of India-recognized export house with a Star export certificate. The company is primarily catering to the increasing need for sustainable energy solutions and is a global exporter of the same. The company expects to hit 100 crores in export revenue due to rising product demand worldwide.
“As the world moves towards greener technologies, people are becoming more conscious about the products they use. They want to use safe and sustainable products, and that is true for even power backup. Our LifePO4-based power backup and storage solutions fulfill that need, and as people get more aware of the harmful effects of lead acid-based home UPS/inverters, they will naturally shift to our superior energy storage systems that are clean, safe, and pollution-free”, said the founder of Su-vastika Khushboo Sachdev, in a statement.
She also added, “We are excited to announce that our team is currently working on state-of-the-art technology with lithium batteries and has already secured multiple technology patents. This technology will have numerous benefits such as reduced cost, increased efficiency, longer lifespan, and improved safety, making it one of the highly sought-after solutions in the energy industry”.
The company plans to invest in research and development to create sustainable products and solutions to meet diverse and evolving customer needs to accelerate growth further. The company has already filed for over 60 technology patents and received 7 technology patents have been granted by the Indian Government.
They also anticipate growth in the coming fiscal year by fostering a culture of innovation.
About Su-vastika:
The company’s unique selling point is its contribution to revolutionizing the energy storage industry while delivering exceptional customer satisfaction and maintaining the highest standard of quality and safety. With reliability and innovative sustainable solutions, the company has made remarkable strides in the industry by developing and supplying high-quality Energy Storage Systems (ESS), Energy Recovery Devices (ERD), Home Uninterrupted Power supplies (UPS), and Inverters. The company leverages a loyal customer base and strategic partnerships as the company’s assets to drive growth and innovation.
As a leading exporter of inverters and UPS, the company has solidified its position as a key player in the energy solution Industry. Being one of the largest exporters, the company demonstrates its ability to meet the demands of a growing market while maintaining its focus on quality and sustainability. Su-vastika has proven its excellence in providing sustainable, reliable, and high-end energy solutions in the clean energy ecosystem.
