New Delhi
The International Centre for Entrepreneurship and Technology (iCreate) announced the partnership between Sona Comstar and IRP Nexus Group Ltd (IRP) to invent, manufacture and market a new powertrain globally.
The automotive component maker and electric powertrain solutions provider will collaborate to conceive, design, prototype, and manufacture the powertrain (motor + controller). The powertrain project aims to create an innovative motor-plus-controller combination that does not use rare earth elements like neodymium. The powertrain for electric two and three-wheelers will be a highly efficient one that is cost-effective and magnet-less.
IRP will license its technology to Sona Comstar for manufacturing the system exclusively in India, expecting to start mass production in 2023.
iCreate has initiated an iEV Powertrain Project with the objective of Indian companies creating and owning futuristic technology, going beyond merely licensing and manufacturing.
Both companies expressed their excitement about this partnership. Moran Price, co-founder CEO, IRP Systems, said that IRP’s technology ensures cleaner air, an environment-friendly production process and responsible use of natural resources. Kiran Deshmukh, CTO, Sona Comstar, added that this environmentally compatible partnership will help India reduce its dependence on imports of critical raw materials.
The fast-growing global EV market is looking to diversify supply chains and mitigate risk stemming from dependency on limited and unreliable sources.
Source – ET Auto
Image Source: Sona Comstar Website
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