Automotive component manufacturer Sona Comstar and Israel’s IRP Nexus Group (IRP), provider of cutting-edge electric powertrain solutions for e-mobility, have come together with iCreate (International Centre for Entrepreneurship and Technology).
It’s a unique joint development project that will invent a new powertrain, manufacture it and market it globally, said a press release.
According to the release, iCreate has initiated this ‘iEV Powertrain Project’ with the objective of Indian companies creating and owning futuristic technology, going beyond merely licensing and manufacturing. The project entails Sona Comstar and IRP collaborating to conceive, design, prototype, and manufacture high efficiency, low-cost, magnet-less powertrain (motor + controller) for electric two- and three-wheelers for the global market, said the release.
Under the agreement, IRP will licence its technology to Sona Comstar for manufacturing of the system exclusively in India, expecting to start mass production in 2023.
“This is another step in IRP’s mission to lead the automotive ecosystem with innovative and sustainable technology,” said Mr Moran Price, IRP Systems Co-founder, and CEO.
“We are excited with this partnership as it will help India reduce its dependence on imports of critical raw materials,” said Mr Kiran Deshmukh, CTO, Sona Comstar.