Hero Electronix

Incorporated in 2004, Tessolve has been a prominent player in delivering projects for various semiconductor companies globally

Ola is not the only company making advances in this technology. TVS also recently announced that it was working to build a camera-based helmet reminder system

Hero Electric claimed that its vehicles were fully in compliance with the FAME certification in the subject period

Fabless semiconductor company MediaTek on Wednesday announced a collaboration with Hero Electronix venture Tessolve to roll out an edge-AI enabled smart device ecosystem.

The funding will be used by Tessolve, a Hero Electronix venture, to drive further growth through acquisitions and organic investments

The acquisition is expected to help Tessolve to become the largest semiconductor engineering services player in the world

Hero Electronix on Tuesday said it plans to invest Rs 150-200 crore over the next few years primarily in its new consumer tech brand 'Qubo' that will offer a portfolio of AI-powered connected smart devices. The company, which is part of the Hero Group, has launched a voice-controlled smart indoor camera and smart sensors (for doors, gas leakage and smoke) under the 'Qubo' brand. "We want to take Qubo to a million homes in the next 3-5 years. We have been at the forefront of engineering technology and services for enterprise with Tessolve, Mybox, and Zenatix. We see a great opportunity in the consumer space for building products that can meaningfully impact our lives," Hero Electronix Founder Director Ujjwal Munjal told PTI. He added that the company has already invested close to Rs 350 crore in the company across these brands and plans to invest another Rs 150-200 crore over the next couple of years. "We have spent about two years in R&D of these products focussing on consumer ...

Founded in 2013 by Indian Institutes of Technology (IIT)-Delhi engineers, Zenatix has built its own proprietary IoT stack, which includes hardware, cloud-based software and big-data analytics.