Hiventures, the venture capital arm of the state-owned Hungarian Development Bank (MFB), has invested HUF 600 million from its fashion and design fund in Kuube Hungary.
In a statement issued on Thursday, Hiventures said Kuube Hungary develops and sells solar powered off-grid smart benches, as well as smart street furniture for bus stops and public spaces.
The company’s products are present in 15 countries and they reached a manufacturing agreement with Foxconn in 2024. They had a HUF 169 million revenue last year that could grow to HUF 400 million in 2025.
Hiventures' investment can be used primarily for entering new markets, marketing, brand building, and the development of new models.
Top 5 Articles
Duna House Profit Climbs Nearly 70% in Q3 November 24, 2025 
What Awaits the Hungarian Economy in 2026 and 2027? April 24, 2026 
'Recharge' Campaign Launched to Boost Domestic Tourism January 21, 2026 
Hungary’s Growth Stalls as Inflation Returns to Target Range February 6, 2026 
Business, Consumer Confidence at Two-Year High in April April 23, 2026
