TEL-AVIV, Israel and GURUGRAM, India – IRP Systems, the leading provider of cutting-edge electric powertrain solutions for e-mobility, has signed a strategic agreement with Sona Comstar, a leading global automotive component manufacturer, to jointly develop and commercialize magnet-less e-motors and controllers for the electric 2- and 3-wheeler platforms. Under the agreement, IRP will license its technology to Sona Comstar for manufacturing of the system exclusively in India, expecting to start mass production in 2023. IRP’s one of its kind control technology, Sona Comstar’s state-of-the-art manufacturing capabilities, and its global reach give rise to new possibilities in mass electric mobility.
Affordable and scalable e-powertrain solutions that can address the growing mass-market demand are in the epicenter of the electrification revolution. IRP’s TrueDrive technology, implemented in magnet-less e-motors, will be a real game-changer, as it would enable overall system cost reduction without compromising on its performance.
“This is another step in IRP’s mission to lead the automotive ecosystem with innovative and sustainable technology. Our technology ensures not only cleaner air but also a more environmental-friendly production process and responsible use of natural resources. We are excited to partner with a global, leading player such as Sona Comstar to bring the product to the mass market,” said Moran Price, IRP Systems Co-founder, and CEO.
“We are excited with this partnership because it will help India reduce its dependence on imports of critical raw materials and is well-aligned with the Prime Minister’s vision of an atmanirhar Bharat (‘self-reliant India’). The system developed through this partnership will be an environmentally compatible and cost-effective solution that would ensure the security of natural resources by avoiding the use of rare earth elements,” said Kiran Deshmukh, CTO of Sona Comstar.
The partnership was facilitated by iCreate (International Centre for Entrepreneurship and Technology), India’s leading institution for transforming startups based on tech innovation into successful businesses
