31 Oct Inmotive Receives Strategic Investment from Suzuki

Inmotive, a leading name in electric vehicle (EV) transmission technology, has announced a significant investment from Suzuki. Suzuki’s support comes through the Suzuki Global Ventures (SGV) fund, which aims to boost partnerships with startups and innovate new business models.

This investment follows a joint development agreement (JDA) signed in January 2023 between the two companies, outlining plans to enhance Inmotive’s Ingear 2-speed EV transmission for Suzuki’s future EVs. Notably, all JDA milestones have been successfully met.

Paul Bottero, Inmotive’s CEO, said, “Suzuki’s extended support is a tremendous opportunity for the Ingear’s commercialization. Collaborations like this drive our vision for affordable zero-emission mobility.”

Toshihiro Suzuki, President of Suzuki Motor Corporation, emphasized the importance of this investment in advancing the Ingear technology, stating, “We are making great strides toward a successful deployment of the Ingear on Suzuki vehicles.”

The collaboration between Inmotive and Suzuki continues to pave the way for more sustainable and efficient electric vehicles, bringing the dream of affordable zero-emission mobility one step closer to reality.

Automobility Ltd is excited that its EXCELerate portfolio company Inmotive has been recognized by Suzuki after the collaboration to co-develop Ingear 2-speed EV transmission for electric vehicles.

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