Omega Seiki Mobility To Form JV With Jae Sung Tech To Manufacture EV Powertrains

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The new powertrain will be manufactured by OSM at its facility in Faridabad and in Pune at its group company, Omega Bright Steel and Components’ facility

Electric mobility firm Omega Seiki Mobility (OSM) has announced that it is forming a joint venture with South Korean EV powertrain maker Jae Sung Tech to manufacture electric powertrains in India.

The new joint venture will be named OSM Jae Sung Tech Co., LTD, and its first product will be Ra314 powertrain which will come with OSM’s cargo electric three-wheeler Rage+ in Q1 FY23.

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The new powertrain will be manufactured by OSM at its facility in Faridabad and in Pune at its group company, Omega Bright Steel and Components’ facility.

A statement by the companies said Jae Sung will be bringing in its years of experience with the technical know-how while OSM will be bringing in its manufacturing prowess to localise the powertrain. OSM will also be testing and calibrating the Ra314 for typical Indian driving conditions.

Uday Narang, Founder and Chairman, 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.’

“The new power unit will 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,” he said.

Lee Hyunjin, CEO, Jae Sung Tech CoLTD, said, “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.”

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.”

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