Japan-based Toyoda Gosei Co. Ltd., has reportedly announced that it has officially concluded a joint development agreement with American startup, Ossia Inc., a global provider of wireless power solutions. The partnership impels the two companies to work towards the application of wireless power technology in smart cities, vehicle cabins, and others.
According to Takashi Ishikawa, the Director and Chief of R&D Headquarters at Toyoda Gosei, this collaboration is a vital investment for the company and would certainly lead to greater advancements for Toyoda’s products, innovations in the smart city space, and the global transportation system at large. He has also expressed that the company is glad to tie up with Ossia on this innovative wireless power technology.
Toyoda had first partnered with Ossia in September 2019 in the form of an initial corporate venture capital investment. The present agreement brings the two companies into a stronger collaboration for the advancement of wirelessly powered inventions towards the development of a safer and more comfortable society.
Doug Stovall, Ossia’s Chief Revenue Officer, has highlighted the significance of the partnership by stating that this collaboration will not only bolster the utilization of wireless power for various applications across the automotive sector, but also lead to more wirelessly powered inventions that could be effectively used across a broad spectrum of IoT, commercial, and consumer applications.
Stovall has also stated that the Ossia is thrilled to work with another global leader that is dedicated to exploring ways that utilize wireless power technology for the improvement and acceleration of the daily living of people in our communities.
As per sources, Toyoda Gosei has increasingly focused in the recent years on the development of innovations that leverage core technologies for the achievement of sustainable growth during a time of great turbulence in the automotive sector.