Suzuki Motor to invest in Inmotive.
Auto Business News-October 24, 2023--Suzuki Motor to invest in Inmotive
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Auto Business News - 24 October 2023
Suzuki Motor (TYO: 7269), a Japan-based automaker, is investing in Inmotive, a Canada-based inventor of the Ingear.
The investment is to support in Inmotive's Ingear two-speed EV transmission development.
The automaker has made the investment through the Suzuki Global Ventures (SGV) fund that was set up in October 2022 and intends to expedite the co-creation of activities between start-ups and Suzuki in addition to creating new businesses and business models.
This investment follows the signing of a joint development agreement (JDA) between both firms in...
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