Omega Seiki Mobility, Korean Firm to Form JV for EV Powertrains Manufacturing in India

In line with the Government’s Make in India initiative, clean energy mobility solution incubator Omega Seiki Mobility (OSM) has entered into a strategic partnership with Korean EV powertrain maker, Jae Sung Tech Co Ltd, to manufacture electric powertrains in India.

Under the Memorandum of Understanding (MoU) signed, the two companies would form a new Joint Venture (JV) firm namely OSM Jae Sung Tech Co., Ltd.

Also, the all-electric ‘Ra314’ powertrain will be the first product and will find its home in the OSM Rage+ in the first quarter of FY23.

Commenting on the partnership, Uday Narang, Founder and Chairman of Omega Seiki Mobility, said, “OSM has always believed in constant innovation and is always working to make the product portfolio a step ahead of the competition. With this JV, I am sure the Rage+ will be an even better value proposition. Not only will the new power unit herald a new era of backward integration making our products more efficient. We will also utilise Ra314’s integrated and modular architecture to build customised power solutions for other EV makers in India to use, thus helping in faster adoption of electric vehicles in India.”

Further, the new ‘Ra314’ would be manufactured by OSM at its facility in Faridabad and at its group company Omega Bright Steel and Components’ facility in Pune.

In this partnership, Jae Sung would bring its years of experience with technical know-how, while OSM would bring its manufacturing prowess to localise the powertrain.

Besides, OSM would also test and calibrate the Ra314 powertrain for typical Indian driving conditions.

The new powertrain is IP-67 rated and will not skip a beat even if submerged in water for 30 minutes.

Based on internal testing conducted by the two companies, the new powertrain is 30 per cent more efficient and 20 per cent lighter than the existing power units doing duty in the electric three-wheelers at the moment.

The company said that the state-of-the-art modular architecture will also allow OSM to develop the Ra314 for four-wheeler Small Commercial Vehicles (SCV).

“We are delighted to partner with Omega Seiki Mobility, which is a pioneer in electric vehicle manufacturing. Our overall powertrain architecture and integration was developed with flexibility in mind to allow us to quickly adapt to the ongoing changes and developments in the industry. As a technology company, Jae Sung always believes in developing innovative solutions which are environment friendly as well as cost-effective. I am positive that our advanced technologies, strong engineering background when combined with OSM’s manufacturing expertise in India, will help us to strengthen our partnership and succeed together in this rapidly growing segment,” said Lee Hyunjin, CEO of Jae Sung Tech Co Ltd.

Talking about the Ra314 Powertrain, Dr. Deb Mukherji, Managing Director, Omega Seiki Mobility said, “We will be developing Ra314 completely in India with Jae Sung technology support. It’s a next-gen powertrain with IoT which will help our customers keep a track of their vehicle’s performance via an app, in a cell phone. We will also be utilising the power unit in upcoming OSM products in the near future which will include three-wheelers as well as four-wheelers.”