Omega Seiki forms JV with Jae Sung Tech

Omega Seiki Mobility (OSM) and Jae Sung Tech, a Korean EV powertrain maker, on 6th January announced a partnership to manufacture electric powertrains in India. As part of the partnership, the two companies will be forming a new Joint Venture – OSM Jae Sung Tech Co., LTD.

The JV’s first product will be Ra314 powertrain which will come with OSM’s cargo electric three-wheeler Rage+ in Q1 FY23. Jae Sung will be bringing in its years of experience with the technical knowhow while OSM will be bringing in its manufacturing prowess to localise the powertrain. OSM will also be testing and calibrating the Ra314 for typical Indian driving conditions.

According to the company, the new powertrain will be manufactured by OSM at its facility in Faridabad and in Pune at its group company, Omega Bright Steel and Components’ facility. It is IP 67-rated and will not skip a beat even if submerged in water for 30 minutes. Based on internal testing conducted by OSM and Jae Sung, it is 30% more efficient and 20% lighter than existing power units doing duty in the electric three-wheelers at the moment. “This has been made possible with an integrated motor, gear box design. This leads to significant weight saving as well as improved vehicle efficiency.”

Uday Narang, Founder and Chairman, Omega Seiki Mobility said, “OSM has always believed in constant innovation and is always working to make the product portfolio a step ahead of the competition. With this JV, I am sure the Rage+ will be an even better value proposition.’

“The new power unit will herald a new era of backward integration making our products more efficient. We will also utilise Ra314’s integrated and modular architecture to build customised power solutions for other EV makers in India to use, thus helping in faster adoption of electric vehicles in India,” he said. Lee Hyunjin, CEO, Jae Sung Tech Co LTD, said, “Our overall powertrain architecture and integration was developed with flexibility in mind to allow us to quickly adapt to the ongoing changes and developments in the industry. As a technology company, Jae Sung always believes in developing innovative solutions which are environment- friendly as well as cost effective.