Sona BLW announces joint development project with Israel's IRP Nexus Group
Sona BLW Precision Forgings rose 1.47% to Rs 400.20 after the company said that it has joined hands with Israel's IRP Nexus Group (IRP) to create a revolutionary magnet-less e-motor technology for the global electric vehicles market.
Sona Comstar to collaborate with Israeli firm to develop new motor for electric vehicles
The companies have come together with iCreate (International Centre for Entrepreneurship and Technology) to develop, manufacture and market the new electric motor globally. As per the agreement inked between the entities, IRP will license its technology to Sona Comstar for manufacturing the system exclusively in India, expecting to start mass production in 2023.
Sona Comstar, IRP Systems And iCreate To Jointly Develop A Magnet-Less E-Motor Technology For The Global EV Market.
The project entails India and Israel collaborating to conceive, design, prototype and manufacture a high efficiency, low-cost, magnet-less powertrain (motor + controller) for electric two and three wheelers, for the global market.