Latest news with #Lightning
Time Business News
a day ago
- Business
- Time Business News
Lightning International Holdings: How a Hong Kong Technology Firm is Powering the Future of Shared IoT and ODM Manufacturing
HONG KONG — In less than five years, Lightning International Holdings Limited has emerged from a small, specialized ODM service provider to a global technology group reshaping the smart Internet of Things (IoT) and shared economy industries across more than 100 countries. The Hong Kong–headquartered company, founded in May 2020, exemplifies a new generation of agile, innovation-driven Asian firms that have capitalized on the rising demand for connected devices, shared infrastructure, and sustainable energy solutions. With its growing portfolio of ODM services, smart IoT (also referred to as AIoT), and shared smart scenario services, Lightning International is rapidly becoming a significant player not only in Asia but on the global stage — catering to more than 500 renowned brands. This article explores the journey, products, strategy, and challenges of Lightning International, and what its rise reveals about the shifting dynamics of the technology and finance sectors in the post-pandemic era. When Lightning International Holdings Limited was incorporated in May 2020, few outside the ODM (Original Design Manufacturing) and IoT circles noticed. At the time, the world was grappling with the economic fallout of the COVID-19 pandemic, and the technology industry itself was experiencing supply chain disruptions and declining confidence in global trade. But within the company's headquarters in Hong Kong, its leadership had a clear vision: to position itself at the intersection of shared economy services, IoT, and sustainable energy — three sectors expected to define the next decade of innovation and investment. Initially, Lightning focused on providing ODM services — manufacturing and designing smart hardware for companies that marketed the products under their own brands. Its early projects revolved around shared devices, such as mobile power banks, massage chairs, and scooters that became common in airports, malls, and urban centers. 'ODM was our way in,' CEO Usui, Ben Jamin Yoshiharu, who took the helm in 2022, said in an interview at the company's Mong Kok office. 'But our vision was always broader. We saw the convergence of IoT, AI, and the shared economy as a space where we could lead innovation — not just follow.' The term shared IoT refers to the use of smart, internet-connected devices that can be accessed by multiple users — usually on a pay-per-use basis — and which collect data to optimize user experience and efficiency. Examples include electric scooters, rental bicycles, shared umbrellas, and mobile charging stations. According to Statista, the global IoT market is projected to exceed $1.6 trillion by 2025, with the shared services segment experiencing some of the fastest growth. Lightning International quickly capitalized on this opportunity by building not only the hardware but also the software and data analytics capabilities required for shared IoT services. Among its best-known products and services today are: Smart mobile power banks Shared smart massage chairs Shared bicycles and scooters Shared umbrellas Data-driven platforms to manage these devices and analyze usage patterns By integrating artificial intelligence into its IoT solutions — a concept known as AIoT — the company claims it can help operators improve uptime, reduce maintenance costs, and offer more personalized user experiences. 'Our approach is holistic,' says Usui. 'We don't just sell hardware; we deliver an entire ecosystem that allows our clients to monetize their investments while making life easier for end users.' One of the most remarkable aspects of Lightning International's growth is its global reach in such a short time. The company now operates in over 100 countries and serves more than 500 brands — a feat that larger and older competitors often struggle to achieve. Part of this success comes from its network of subsidiaries, which include: Lightning Innovation (Vietnam) Co., Ltd. Shenzhen Souchong Sharing Industrial Co., Ltd. Zhuman Technology Co., Ltd. ChargeEight Power LLC (US) Electronics Power (India) Limited G&L INT'L Business Limited These subsidiaries allow Lightning to access talent pools, manufacturing hubs, and customer bases across Asia, North America, and beyond. In Vietnam and India, the company benefits from lower manufacturing costs and proximity to emerging markets. Its operations in Shenzhen, China, tap into one of the world's most advanced electronics manufacturing ecosystems. Meanwhile, its US and Hong Kong offices enable it to maintain strong relationships with Western partners and investors. Although Lightning International does not publicly disclose its financial statements — being a privately held company — industry analysts estimate its annual revenues are already in the hundreds of millions of dollars. What sets Lightning apart from many other players in the field is its dual positioning as both a technology and a finance-oriented company. It not only develops and sells technology but also helps clients finance their shared device fleets, thereby lowering the barrier to entry. Its partnerships often involve revenue-sharing models, where Lightning provides the hardware and back-end support, and the client operates the service on the ground. 'This flexibility is very attractive to customers,' says Michael Chan, a technology analyst at Hong Kong's Cyberport. 'Many businesses want to enter the shared economy but lack the capital or expertise to deploy at scale. Lightning bridges that gap.' Despite its impressive growth, Lightning International faces significant challenges. The shared economy and IoT sectors are becoming increasingly crowded, with competitors ranging from Silicon Valley startups to Chinese giants like Xiaomi and Huawei. Moreover, regulatory scrutiny of data privacy and urban clutter — particularly around shared mobility devices — is rising worldwide. There are also geopolitical risks. As a company with ties to China, Lightning must navigate complex trade relationships, especially in markets like the United States and India, where technology from Chinese-linked firms often faces heightened scrutiny. Supply chain disruptions, a lingering impact of the pandemic and ongoing geopolitical tensions, also threaten its manufacturing operations and costs. CEO Usui acknowledges these hurdles but remains optimistic: 'Every disruptive company faces resistance. We believe that by staying true to our principles of innovation, quality, and partnership, we can weather these storms.' Since taking over as CEO in 2022, Usui, Ben Jamin Yoshiharu has been credited with steering the company toward a more global and forward-thinking strategy. An advocate of flat organizational structures and cross-border collaboration, Usui emphasizes empowering teams to make decisions quickly and adapt to changing circumstances. Under his leadership, the company has invested heavily in R&D, opening innovation centers in Shenzhen and Hong Kong. It has also launched training programs for employees to keep pace with advances in AI, data analytics, and sustainability practices. 'Our people are our greatest asset,' Usui says. 'We hire not just for skills but for vision and drive.' Looking ahead, Lightning International plans to expand further into the new energy sector — developing products that not only enable shared mobility but also contribute to reducing carbon emissions. Some of its ongoing projects include solar-powered charging stations, energy-efficient IoT devices, and battery recycling programs. As cities around the world embrace smart city initiatives, the demand for intelligent, sustainable shared infrastructure is expected to grow — and Lightning aims to be at the forefront of that movement. 'We see ourselves as partners in building the cities of the future,' Usui says. 'Cities where technology serves people, not the other way around.' The story of Lightning International Holdings Limited offers several lessons for aspiring entrepreneurs and established businesses alike: Agility is key: entering a niche market (ODM) can open doors to larger opportunities. Global vision from the start helps companies build resilience and diversify risks. Combining technology with innovative financial models can unlock new markets. Investing in people and R&D sustains growth amid intense competition. As the world moves deeper into the era of connectivity and sustainability, companies like Lightning demonstrate that even in a crowded, fast-moving field, there is room for bold ideas, executed well. Lightning International Holdings has carved out an impressive niche in just a few years. Whether it can sustain its growth and navigate the geopolitical and regulatory headwinds remains to be seen. But if its past is any indication, Lightning seems well positioned to shine even brighter in the years to come. TIME BUSINESS NEWS
Arab News
2 days ago
- Climate
- Arab News
Lightning strikes kill 33 people in eastern India
PATNA, India: Lightning strikes during monsoon storms in eastern India this week killed at least 33 people and injured dozens, officials said Friday. The deaths in Bihar occurred during fierce storms between Wednesday and Thursday, a state disaster management department statement said, with the victims mostly farmers and laborers working in the open. More heavy rain and lightning are forecast for parts of the state. Bihar state's disaster management minister, Vijay Kumar Mandal, said that officials in vulnerable districts had been directed to 'create awareness to take precautionary steps following an alert on lightning.' The state government announced compensation of 4 million rupees ($4,600) to the families of those killed by lightning. At least 243 died by lightning in 2024 and 275 the year earlier, according to the state government. India's eastern region, including Bihar, is prone to annual floods that kill dozens and displace hundreds of thousands of people during peak monsoon season.
Al Arabiya
2 days ago
- Climate
- Al Arabiya
Lightning strikes in India kill at least 33 people, injures dozens
Lightning strikes during monsoon storms in eastern India this week killed at least 33 people and injured dozens, officials said Friday. The deaths in Bihar occurred during fierce storms between Wednesday and Thursday, a state disaster management department statement said, with the victims mostly farmers and laborers working in the open. More heavy rain and lightning are forecast for parts of the state. Bihar state's disaster management minister, Vijay Kumar Mandal, told AFP that officials in vulnerable districts had been directed to 'create awareness to take precautionary steps following an alert on lightning.' The state government announced compensation of 4 million rupees ($4,600) to the families of those killed by lightning. At least 243 died by lightning in 2024 and 275 the year earlier, according to the state government. India's eastern region, including Bihar, is prone to annual floods that kill dozens and displace hundreds of thousands of people during peak monsoon season.
Business Standard
3 days ago
- Automotive
- Business Standard
E-WENT Accelerates Affordable EV Rollout with Robust, India-Ready Electric Two-Wheelers
VMPL Kolkata (West Bengal) [India], July 17: E-WENT, the electric mobility arm of Saraogi E-VENTURES and a leading OEM of electric two-wheelers, has announced ambitious expansion plans as it ramps up production and distribution of its durable, affordable scooters designed specifically for Indian roads. With over 15,000 units already on the road and a growing network of 250 dealers, E-WENT is targeting a significant share of India's value-driven EV market. Leveraging the Saraogi Group's 50-year legacy in the energy, shipping and finance sector, E-WENT recently raised $5 million in external funding, in addition to $2 million from internal reserves. The funds are earmarked for manufacturing capacity expansion, R & D, and pan-India market penetration. Currently, the company operates two assembly plants -- in Kolkata and Hyderabad -- with a third facility planned in western India by 2027. The company's flagship model, Lightning, features a 3.4 kWh dual detachable/removable/portable lithium-ion battery system paired with a 3.7 kW BLDC hub motor, delivering a top speed of 70 km/h and a range of up to 150+ km per charge. The dual batteries can be charged at any location be it home or workplace or at any of the company's dealer network stations, offering convenience in areas where public charging infrastructure is sparse. Battery can be taken to charging station instead of getting the charging station to the battery or vehicle. Certified for Indian roads, the Lightning comes equipped with telescopic suspension, dual 220mm disc brakes, LED projector headlamps, reverse assist, and a large LED digital instrument cluster, combining practicality with premium features. E-WENT emphasizes durability, reporting a warranty claim rate under 1.5% over three years. Its dealer agreements require robust service infrastructure, backed by a 7-day helpline and 24-hour parts dispatch system. Dealers undergo technical training at E-WENT's facilities to ensure consistent customer support. To further enhance accessibility, E-WENT is developing a Scooter-as-a-Service (SaaS) model for fleet operators, enabling them to pay per kilometre instead of incurring high upfront costs. It is also expanding financing partnerships with various banks and NBFCs to offer affordable EMIs and leasing options for retail buyers. Currently active in seven states -- West Bengal, Odisha, Telangana, Andhra Pradesh, Bihar, Jharkhand, and Assam -- E-WENT aims for pan-India coverage within five years. Its hybrid sales model, which includes company-owned showrooms, dealerships, and corporate tie-ups, ensures flexible and scalable market access. All E-WENT vehicles come with warranty terms and a 5-6 year lifecycle design, with expired batteries recycled through authorised partners in compliance with environmental norms. Umang Saraogi, Director, E-WENT, said: "Our focus is on building EVs that are accessible, reliable, and tailored to the Indian consumer. We're not chasing subsidies or hype -- we're delivering long-term value through durable products, smart design, and strong aftersales support. With EV penetration in two-wheelers still in single digits, we see enormous opportunity to build a trusted, scalable brand that prioritises customer needs, smart technology, and affordability." About E-WENT An offshoot of the Saraogi Group of Companies' 50-year legacy, E-WENT has emerged as a trusted name in electric two-wheelers, known for their durability, advanced technology, and competitive pricing. With a network of over 250 dealers and more than 15,000 vehicles sold, E-WENT continues to expand its footprint while maintaining a warranty claim rate of under 1.5%, underscoring its commitment to quality and customer satisfaction.
Wales Online
6 days ago
- Business
- Wales Online
Welsh holidaymakers can save 88% on portable power bank that's 'fantastic for travel'
Welsh holidaymakers can save 88% on portable power bank that's 'fantastic for travel' The phone charger has been described as a "brilliant bit of kit" and a "life saver" Keep your devices powered up wherever you are heading (Image: Getty ) Staying charged up and connected on the go is essential when you're on holiday, whether it's for navigating new places, sharing photos or staying in touch with loved ones back home. Carrying a portable charger is a fuss-free way to power up away from home. Amazon has slashed the price of a highly rated power bank from £199 to just £24.99. Given a 4.8 out of five-star rating by savvy shoppers, the CFIAI Power Bank has a useful LED display panel and aims to fully charge an iPhone in under four hours. The portable charger includes two built-in cables - one USB-C and one Lightning - that are compatible with most Android and iPhone devices. The integrated design reduces the need for carrying extra cables and helps prevent tangling in transit. READ MORE: Influencer plant protein lands at Boots and it helps women 'strengthen and tone' muscle READ MORE: Shiseido launches 'age-reversing' serum that 'shrank' women's fine lines in weeks With a total of two built-in cables and three output ports (USB-A, USB-C, and Micro USB), the power bank can charge up to four devices at the same time. This makes it suitable for users who need to power multiple devices simultaneously, such as smartphones, tablets, watches and other portable electronics. Save £88% on the Portable Power Bank at Amazon £199.99 £24.99 Amazon Buy Now on Amazon Product Description The charger is a great choice for holidays with the ability to charge up to four devices at a time The power bank has a capacity of 26,800mAh and supports fast charging up to 22.5W via USB-C with PD and QC protocols. It can charge devices like the iPhone 15 from 0% to 50% in approximately 30 minutes and the built-in LCD digital display shows the remaining battery percentage for accurate monitoring of power levels. Alternatively, Amazon is also offering a Magsafe Power Bank with a massive discount of 78%, taking the price from £119.99 to £25.99. Designed to charge compatible devices without a cable, this model features a strong 14N magnetic force that instantly snaps onto the smart phone, keeping it firmly attached even at all times. Elsewhere, Argos has 20% off selected Belkin power banks, including the 10000mAh model that holds enough for two full charges. Available for £15.99 with code BELKIN20, buyers have called this "reliable, useful and convenient." Currys also has a range of portable power banks to choose from, including the £39.99 ANKER PowerCore 20000 mAh Portable Power Bank. Shoppers believe Anker to be a trusted brand in mobile charging, but this model is heavier and chunkier than the Amazon option. The power bank promises to offer fast charging which would be handy on holiday (Image: Amazon ) With 93% of more than 7,000 reviews on Amazon giving the charger a five-star rating, shoppers have left plenty of praise for the powerful portable charger. One buyer said: "Best power bank I have ever come across. I Have had soo many power banks over the years that just don't cut it, however this power bank has changed that, bought it for holiday travels and it lasted a whole 9 hour flight, then a 4 more days on holiday." Another added: "Great little power bank. Built in leads so saves worrying about carrying extra lead. Good price. Now have a power bank for everyone in the household so fantastic for holidays." A third shared how useful it is when away from home, saying: "This power bank is brilliant, the in built cables mean it is absolutely perfect for camping and festival season. Not having to remember the cables is a game changer. It recharged my phone 3 times and also put some charge into my kindle. It's not too heavy either." Article continues below A small percentage of shoppers were less impressed. One left a three-star review that said: "It's convenient to have and I really like having the cords attached to it, but it doesn't hold a long charge." Despite the occasional negative comment, most reviews were very complimentary. Another buyer said: "Absolutely brilliant bit of kit. Fast charges my phone. Perfect for topping up my vape at work. Will be buying a couple more, life saver."
