The settlement will see Equipmake license parts of its patented spoke motor and inverter know-how to Sona Comstar for purposes in electrical automobiles, buses, industrial automobiles and off-road automobiles in India, Thailand and different South Asian nations.
Below the settlement, Sona Comstar pays Equipmake a hard and fast one-time licence price along with operating royalties on the merchandise manufactured beneath licence and bought by Sona Comstar.
The Lewis Silkin workforce was led by Simon Entwistle, a accomplice in our Digital, Commerce & Artistic workforce, with assist from Emily Stirling, an affiliate in the identical workforce and from Namita Viswanath, an IP accomplice at Indus Legislation in Bangalore.
Commenting on the deal, Lewis Silkin’s Simon Entwistle stated:
“It was a pleasure working with Ian and the Equipmake workforce on this deal. This is a vital growth for Equipmake, and we stay up for watching them go from power to power.”
Commenting on the deal, Equipmake’s CEO, Ian Foley stated:
“The licensing Settlement with Sona Comstar offers a cloth gear change for our enterprise and opens new and strategic markets for Equipmake which might in any other case be inaccessible. The Lewis Silkin workforce proved a trusted advisor all through the method – their high-quality recommendation and deep sector data made the method as seamless as doable.”
