Motherson Sumi, Ossia Group form JV to develop wireless power solutions for automobiles
Motherson Sumi to invest USD14 million for a 4.5% equity stake in Ossia
Motherson Sumi Systems, a group company of Samvardhana Motherson Group (SMG), through its subsidiary Samvardhana Motherson Automotive Systems Group (SMRPBV), has entered into a joint venture (JV) with Ossia to bring the latter’s Cota wireless power technology into vehicle interiors, the two companies announced in separate press releases on 9 January.
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