Visedo, a Finnish manufacturer of electric drivetrains for heavy vehicles, has signed a production agreement with Asian motor producer TECO Electric & Machinery.
Visedo hopes to benefit from TECO’s production capacity, particularly in Asia. Visedo recently opened a new office in Hong Kong, and signed a letter of intent with the VC firm Beijing Capital Investment, to help the company access China’s booming EV market.
TECO will gain access to Visedo’s expertise in developing synchronous reluctance assisted permanent magnet (SRPM) technology, which Visedo says delivers more efficiency than power systems based on induction machines or standard permanent magnet motors.
Visedo’s technology is powering electric buses in the Finnish capital Helsinki and in the Swedish city of Umeå, as well as electric ferries in Finland, Denmark and Taiwan.
“The revolution to electrify the world’s transport is underway, but until now the industry producing powertrains for heavy-duty electric vehicles and machines has been dominated by AC induction,” said Visedo CEO Kimmo Rauma. “Our SRPM technology allows Visedo to deliver the market’s most efficient hybrid and fully electric solutions that are also smaller and lighter than our competitors. Our partnership with TECO will allow Visedo to compete at the scale and volume of our Tier 1 OEM rivals.”
Source: Visedo OY