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Motherson Sumi System through its subsidiary announces JV with Ossia

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Capital Market
Last Updated : Jan 10 2018 | 9:31 AM IST

To bring Ossia's Cota Power System into automobiles

Motherson Sumi System, part of Samvardhana Motherson Group, through its subsidiary Samvardhana Motherson Automotive Systems Group B.V. announced the formation of a joint venture with Ossia Inc. innovator of the revolutionary Cota Real Wireless Power technology.

Motherson Innovations Company, a subsidiary of Samvardhana Motherson Automotive Systems Group B.V. will hold majority share in the JV and will aim at bringing Ossia's Cota Power System into the interiors of some of the world's most popular vehicles. The newly formed entity will be based in USA, supported by SMG's global organisation.

Globally, the JV will focus on the integration of Cota technology into a wide range of non-military passenger, commercial and public transportation vehicles. The JV aims to have its systems deployed in both public and private vehicles by 2021 to not only deliver continuous wireless power to occupants' personal devices, but also power various sensors in and on the vehicle themselves, including brake sensor, tire pressure gauges and key fobs.

In addition, the JV will be the distribution for Cota wireless power products across multiple verticals such as IoT and consumer devices in India.

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First Published: Jan 10 2018 | 9:00 AM IST

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