iCreate, IRP Systems of Israel, Sona Comstar to invent new electric powert
Date: 15 Jul 2021
Sona Comstar, an automotive component manufacturer, and Israel’s IRP Systems, a
leading provider of cutting-edge electric powertrain solutions for e-mobility,
have come together with iCreate (International Centre for Entrepreneurship and
Technology), in a unique joint development project that will invent a new
powertrain, manufacture it and market it globally.
has initiated this ‘iEV Powertrain Project’ with the objective of Indian
companies creating and owning futuristic technology, going beyond merely
licensing and manufacturing. 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
powertrain will give both Sona Comstar and IRP Systems a global competitive
advantage, and targets substituting imports worth Rs 1,300 crore ($ 200
million), and capturing an export market many times this size.
‘iEV Powertrain’ project is about creating an innovative motor-plus-controller
combination that does not use rare earth elements like neodymium, besides
offering high efficiency and low cost to manufacturers of electric two and
three wheelers. While there are several motor manufacturers in India, they
still need to import the magnets. Additionally, the fast-growing global EV
market is looking to diversify supply chains and mitigate risk stemming from
dependency on limited and unreliable sources.
from needing to be imported, rare earth elements represent a significant
environmental impact in their mining process, and health risks in their use
during the magnet production process. This project gives a strong push to
climate change and the Paris Accord. A strong business case has thus emerged
for developing alternative suppliers of EV components as well as alternatives
to rare earth enriched magnets.
is another step in IRP’s mission to lead the automotive ecosystem with
innovative and sustainable technology,” said Moran Price, IRP Systems
Co-founder and CEO. “Our technology ensures not only cleaner air but also a
more environment-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.”
are excited with this partnership as it will help India reduce its dependence
on imports of critical raw materials, and is well-aligned with the Prime
Minister’s vision of a self-reliant India. The system developed through this
partnership will be environmentally-compatible and cost-effective, ensuring the
security of natural resources by avoiding the use of rare earth elements,” said
Kiran Deshmukh, CTO, Sona Comstar.