Green tech company ConnectM Technology Solutions has continued to expand its presence into India with the creation of a new manufacturing hub, as the Marlborough-based firm attempts to rebound from being delisted from the Nasdaq stock market earlier this year.
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Green tech company ConnectM Technology Solutions has continued to expand its presence into India with the creation of a new manufacturing hub, as the Marlborough-based firm attempts to rebound from being delisted from the Nasdaq stock market earlier this year.
ConnectM announced the establishment of StarConnectM LLP on Thursday, an India-based manufacturer developing and producing smart car technologies for car manufacturers, according to a filing with the U.S. Securities and Exchange Commission.
StarConnectM was formed in partnership with ConnectM’s newly-launched, AI-centered subsidiary Keen Labs, along with Star Engineers India, an electronic component manufacturer out of Maharashtra.
“In today’s automotive landscape, OEMs need partners who can deliver connected vehicle technology architectures and seamlessly scale them into production,” Girish Subramanya, managing director of ConnectM India and chief technology officer of Keen Labs, said in a Thursday press release.
StarConnectM will develop edge intelligence, cloud-connected vehicle analytics, and industrial internet of things architecture, which are collections of physical devices that communicate to impart data.
“StarConnectM extends Keen Labs’ smart mobility platform into the manufacturing domain, bringing together embedded electronics, AI software, and cloud analytics within a trusted industrial framework,” Subramanya said in the release.
ConnectM foresees its most recent partnership to create an ecosystem that connects innovation to scaled production.
“StarConnectM LLP marks a milestone in our journey toward intelligent mobility,” Divya Ramraika, managing director of Star Engineers, said in the release. “With ConnectM’s technology and Star’s manufacturing strength, we are creating scalable, reliable, and connected solutions that redefine the end-user experience.”
ConnectM’s latest venture follows a string of acquisitions and the launch of a subsidiary after the company was delisted from Nasdaq in May after the company failed to meet stock market benchmarks and reported errors in its third quarter report of 2024.
Mere days after being delisted, ConnectM finalized the $1.4-million purchase of Cambridge Energy Resources, based in India.
In October, the company launched Keen Labs, a wholly owned subsidiary dedicated to AI innovation and tech product development.
Days later in November, ConnectM acquired hybrid battery tech company Amperics and Geo Impex & Logistics, an India-based logistics developer.
Mica Kanner-Mascolo is a staff writer at Worcester Business Journal, who primarily covers the healthcare and diversity, equity, and inclusion industries.
