Motherson Sumi forms JV with Ossia, to invest USD 14 million

Motherson Sumi Systems, through its group Samvardhana Motherson Automotive Systems Group V (SMRP BV), announces a joint venture with Ossia Inc. to supply the vehicles with power continuously.

The new entity aims to have Cota powered booth facilities on the market by 2021, MSSL said in a statement, adding that MI (Motherson Innovations Company) will also invest $ 14 million for 4.5% stake in Ossia Inc.

According to the statement, Motherson Sumi Systems (MSSL), through its subsidiary Samvardhana Motherson Group Automotive Systems V (SMRP BV), has set up a joint venture with Ossia, innovator of the revolutionary Cota Real Wireless Power technology.

Motherson Innovations Company, a subsidiary of SMRPBV, will take a majority stake in the joint venture and strive to integrate the Ossia Cota electricity system into the interior of some of the world's most popular vehicles.

The newly created entity will be based in the United States, supported by the global organization of Samvardhana Motherson Group (SMG). At global level, the joint venture will focus on the integration of Cota technology into a wide range of non-military passenger, commercial and transit vehicles.

The joint venture aims to use its systems in 2021 in private and public vehicles to not only provide continuous wireless power to the personal devices of the occupants, but also to drive different sensors in and on the vehicles themselves, including sensors. . brakes, pressure gauges and keys. fobs.

In addition, the JV will be the distributor of all Cota wireless power products in multiple vertical markets such as IoT and consumer equipment in India.

"Our customers want access to the most advanced technologies available today," said Vaaman Sehgal, vice president of SMG.

"After a thorough evaluation of several wireless energy companies, we have chosen Ossia as a preferred partner and we are investing to be part of Cota's wider ecosystem." Wireless transmission of cabin experience and various other sensors is a huge technological advancement for vehicles. manufacturers and consumers. "

The SMG is one of the world's leading manufacturers of components and solutions for world-class manufacturers. IM is responsible for developing new technologies and creating platforms for launching new ideas.

The latest IM Empathic Cockpit Demonstrator is currently on display at the Consumer Electronics Show (CES) 2018 in Las Vegas.

"We are excited to work closely with a global leader such as the Samvardhana Motherson Group," said Mario Obeidat, Managing Director of Ossia. "This Joint Venture is a validation of Cota Real Wireless Power, which will be sold worldwide for the automotive industry," adds Obeidat.

Ossia is the developer of the patented Cota technology, which redefines wireless energy by safely delivering targeted energy to external devices. Cota technology uses radio frequency for a range of devices, such as mobile devices, smartphones, car sensors, IoT devices and batteries.