OSM inks JV With iM3NY for battery technology

CIOTechOutlook Team | Monday, 30 January 2023, 03:07 IST

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A joint venture between Omega Seiki Mobility and iM3NY, a significant participant in US battery technology, was launched. Omega Seiki Mobility is a part of the Anglian Omega Group. The company intends to introduce battery cell technology from the subcontinent to the Indian market as part of this relationship.
 
OSM had agreed to a joint venture for the production of locally tailored EV powertrains with the Korean technology company Jae Sung. For the full line of OSM's electric vehicles, a total of six variations of the powertrain company have been created, ranging in power from 7.5 kW to 34 kW.
 
As per Omega Seiki Mobility (OSM), which produces its own battery packs, powertrains, metal parts, vehicles, and mobility solutions, it is the first fully integrated electric OEM in India. The company has planned an investment of Rs 800 crore for the construction of two new green field plants to produce the components. OSM already has four EV facilities in Pune and Delhi-NCR.
 
Uday Narang, Founder and Chairman, Omega Seiki Mobility, said, “Omega Seiki Mobility is India’s first fully integrated electric vehicle OEM with its own battery and powertrain technologies. Alliance with iM3NY ensures our access to world-class technology in batteries. Similarly, Power trains are evolving into high-efficiency, integrated systems which Jae Sung Korea brings to us. I compliment both my partners and welcome them to India.”
 
Commenting on the occasion, Chaitanya Sharma, iM3NY’s CEO, said, “We are incredibly excited to work with Omega Seiki, a like-minded partner with a future-focused mindset. This partnership is strategically important for the electrification of the automotive industry, an undeniable trend that iM3NY is proud to be a part of.”
 
Lee Hyunjin, President of Jae Sung Korea, said “We are very pleased to tie up with Omega Seiki who are the market leaders in electric 3-wheelers. We have designed our Higo powertrains for India keeping Indian driving conditions in mind. These are integrated design, 20% light weight and have more power than existing powertrains. This makes the vehicle lighter and gives more mileage. We have developed 6 variants from 7KW to 34 KW which we -will bring to our India JV.”
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