Shelly Europe Ltd., as a beneficiary under procedure BG16RFPR001-1.003 "Implementation of innovations in enterprises", is implementing project BG16RFPR001-1.003-0544 "Shelly X", co-funded by the European Union.

The total cost of the project is 1777777.77 BGN (908963.34 EUR), of which 800000.00 BGN (409033.50 EUR) is grant funding.

The aim of the project is to support the launch of a product innovation – embedded IoT module, which features significant improvements over existing market alternatives, incl.:

1) advanced customization;

2) enhanced interoperability with third-party cloud services and local platforms;

3) increased reliability;

4) future-proof;

5) easy integration of smart features;

6) improved security and protection of personal data.

In order to achieve the aim, the project envisages building own production capacity by acquiring SMT assembly line.