JV Forged In between Delhi's Omega Seiki Mobility & U.S.A.'s Li-Ion Cell Manufacturer iM3NY

• Omega Seiki Mobility to produce 6 HIGoTM powertrains for power capacities from 7 KW to 34 KW utilizing its very own Korean Technology Capacities.
• The company spends Rs 800 Crore to establish 2 new greenfield manufacturing centers for production of components, declaring to become India's very first completely Integrated Electric Vehicle OEM.

Omega Seiki Mobility (OSM), a part of the Anglian Omega Team has actually introduced a joint venture with iM3NY, a popular battery technology player in the US. The JV will pave the way to bring battery cell technology in the Indian market- an initial such from the subcontinent, the companies assert.

OSM had actually previously signed a Joint Venture with Jae Sung, a Korean technology player, for manufacturing of localized EV powertrains. A total of six variants of the powertrain company have been established ranging from 7.5 KW to 34 KW for the entire variety of OSM's Electric Autos. Omega Seiki Mobility asserts that this has actually made it India's initial totally integrated electrical OEM, making with its own battery packs, powertrains, metal assemblies, vehicles as well as providing mobility remedies.

Jae Sung Tech Korea is a leading layout and also product growth firm in South Korea. They are experts in system style and assimilation of powertrains for various groups of EVs starting from golf carts to autos. Lee Hyunjin, President of Jae Sung Korea said "We are really happy to consolidate Omega Seiki that are the market leaders in electric 3 wheelers. We have created our Higo Drive train for India keeping Indian driving problems in mind. These are integrated layout, 20% light weight and have even more power than existing powertrains. This makes the vehicle lighter as well as provides more gas mileage. We have actually created 6 versions from 7KW to 34 KW which we -will certainly bring to our India JV. I am very thrilled by this alliance."

EV Powertrain consists of motor, equipment reducer unit as well as controller. This is the essential part which powers the vehicle. Omega Seiki will manufacture these in addition to Jae Sung Korea as their JV partner. Talking on the powertrain, Uday Narang said, "Our powertrains have actually always been premium quality and also trusted. Currently we are very delighted to bring the next generation of motor, controller and equipment unit technology to India. This is an integrated design which packs in more power, effectiveness as well as velocity at a much cheaper cost. I am extremely happy with the work done by companions Jae Sung and group."

In an additional major announcement from OSM, it has said that it will certainly establish 2 new Greenfield production facilities to produce the components. The business already has four cutting edge production factories for its electrical vehicles in Delhi NCR and also Pune. The business has actually lined up an investment of 800 cr. for establishing component centers.

India's battery market accounts for an overall need of 3GWh as well as is slated to enhance to 20 GWh in 2026 and 70 GWh in 2030.

While Signing of the JV, Uday Narang, Founder as well as Chairman, Omega Seiki Mobility said, "Omega Seiki Mobility is India's initial totally incorporated electrical vehicle OEM with its very own battery, powertrain technologies. These technologies provide us the control over the crucial parts of the supply chain thus assisting us end up being a huge scale player in the market. As cell as well as battery technologies are advancing swiftly, any type of severe OEM will certainly need to continually purchase them. Alliance with iM3NY ensures our access to a top quality technology in batteries. Similarly, powertrains are developing right into high performance, incorporated systems which Jae Sung Korea gives us. I compliment both my partners and invite them to India."

Discussing the event, Chaitanya Sharma, iM3NY's CEO, said "We are unbelievably excited to collaborate with Omega Seiki, a similar companion with a future-focused mind-set. This collaboration is purposefully vital for the electrification of the vehicle market, an obvious trend that iM3NY is proud to be a part of."

iM3NY is a leading player in Li-ion batteries in the U.S.A.. Established by a team of business consisting of C4V, Magnis Energy Technology, as well as others, and also led by ex-Tesla worker Chaitanya Sharma, iM3NY runs a Gigafactory in upstate New York. The business targets both the ESS and also EV markets. iM3NY makes Li-ion cells that the firm asserts uses a differentiated technology referred to as Bio mineralized Lithium Mixed Metal Phosphate (BM-LMP). This, the claim says, provides several benefits over regular LFP chemistries, from increased energy density to improved cycle life.