Sona BLW Precision Forgings Ltd (Sona Comstar), a global provider of automotive technology solutions, has signed an agreement to acquire a 54 percent equity stake in NOVELIC, a Serbia-based company founded in 2012 and a provider of mmWave radar sensors, perception solutions and full-stack embedded systems.

The equity stake will be acquired for €40.5 million through a combination of primary and secondary purchases with a staggered payment structure in the ratio of 60:20:20 at closing, 12 months and 24 months, respectively. Sona Comstar states that the transaction values NOVELIC at an enterprise value (EV) of €64.5 million on a pre-money basis and €75 million on a post-money basis, with an implied valuation multiple of 26 times CY22 Estimated PAT. The transaction is expected to close by the end of Q4 FY23 and is subject to customary closing conditions.

Sona Comstar claims that the acquisition is expected to be EPS accretive for it from the first year and offers strong growth opportunities over the medium term. The acquisition of NOVELIC is accretive to Sona Comstar's management bandwidth, given a shared cultural commitment to innovation, technology and profitability, states the automotive technology solutions provider.

In line with its strategic roadmap, Sona Comstar is foraying into the ADAS sensor market. With the acquisition, Sona Comstar states that it has started building its third business vertical of ADAS sensors and software to address the megatrends of increasing vehicle autonomy and automation.

According to Sona Comstar, NOVELIC's mmWave radar technology is the best solution for in-cabin sensing due to its high accuracy, lower cost and privacy protection of occupants' privacy. Through its sophisticated radar design and signal processing algorithm, NOVELIC's in-cabin monitoring solution detects life presence (LPD), child presence (CPD) and seat occupancy (SOD) amongst others. As per Sona Comstar, NOVELIC's in-cabin solution is highly accurate as it works under all light conditions, detects vital signs (heart rate and respiration) and locates objects anywhere in the cabin. NOVELIC's mmWave radar-based solution removes the need for weight sensors and associated wiring harnesses, resulting in significant cost savings for carmakers. Unlike cameras, mmWave radar-based in-cabin sensing protects the privacy of occupants in the car, claims Sona Comstar.

The current NOVELIC team, led by its founders Darko Tasovac, Veljko Mihaljovic and Dr Veselin Brankovic, will continue to lead the operations, ensuring continuity while leveraging Sona Comstar's scale and customer access for business development. According to Sona Comstar, the founders will hold 46 percent equity in NOVELIC after the completion of the transaction. 

Commenting on the acquisition, Vivek Vikram Singh, Managing Director and Group CEO of Sona Comstar, said, “I am excited to welcome NOVELIC to the Sona Comstar family. With this acquisition, we have added market leading, in-cabin radar-sensing technology to our technology offering. Increasing vehicle autonomy and automation is an emerging technology revolution in our industry. As we had done with EVs in 2016, we are taking a meaningful early step in the direction of the electrified autonomous vehicles or e-AV. NOVELIC adds the hardware and software capabilities to design integrated systems for autonomous driving, including AI and ML as well as ASIC experience, to what we already have in mechanical, electric and electronic abilities. It is the beginning of building our third business vertical of sensors and software. In addition to its technology prowess, Novelic is unique in its approach to profitability and sustainable growth. In many ways, NOVELIC is like Sona in how we value money, technology and growth.”

Sharing his thoughts, Mihajlovic, Co-founder and CTO of NOVELIC, said, "NOVELIC was founded with a clear mission to develop end-to-end capabilities in mmWave radar technology and to commercialise it through various product lines. We started as a team of five, and today, we are over 160 people, among which 130 engineers and 10 PhDs developing product platforms at various European locations. We have managed to do it organically by providing value to our customers and generating and growing our revenue and profit year after year. For moving to the next phase of our growth, we are delighted to have a strategic partner in Sona Comstar which shares the same commitment to innovation and technology and will support us in scaling up our business. The moment we first interacted with the Sona Comstar team, we knew this was 'the one' because we had a great alignment of core values."

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Solid Power, Inc., a U.S.-based developer of solid-state battery (ASSB) technology, has announced a collaboration with Samsung SDI and BMW to pursue the development and validation of a demonstration vehicle powered by ASSB technology.

The collaboration is a key step towards the commercialisation of ASSB technology, leveraging the expertise of the three companies. Under the arrangement, Solid Power will supply its sulphide-based solid electrolyte to Samsung SDI, which will then integrate it into cells. These cells will be evaluated based on performance parameters agreed upon with BMW. The ultimate goal is to develop and supply ASSB cells for integration into a demonstration vehicle.

John Van Scoter, President and CEO, Solid Power, said, “We are excited to partner with Samsung SDI and BMW to progress the development of all-solid-state batteries. Our solid electrolyte technology is designed for stability and conductivity, and by working closely with global leaders in automotive and battery innovation, we strive to bring ASSB technology closer to widespread adoption.”

Martin Schuster, Vice-President Battery Cell and Cell Module, BMW Group, said, “With Samsung SDI joining our partnership with Solid Power, we gain significant momentum on our path advancing the development of new battery cell technologies. This global collaboration is another proof point of our overarching goal: to be always in a position to offer our customers state of the art battery technology.”

Stella Joo-Young Go, Executive Vice-President of ASB Commercialisation Team at Samsung SDI, said, "Technological competitiveness in batteries would ultimately lead to innovation in electric vehicles. Samsung SDI will work closely with strategic partners such as BMW and Solid Power to take the lead in commercialisation of ASSB.”

ASSB cells are said to have the potential to offer improved energy density, battery life and safety performance by replacing liquid electrolytes with solid materials. The collaboration supports Solid Power’s objective to manufacture and sell electrolyte to Tier 1 battery manufacturers and automotive OEMs.

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Ather Energy has begun rolling out multi-language dashboard support for its Rizta scooter, enhancing accessibility for a wider audience in India.

The multi-language interface, first announced for the Rizta, will eventually support eight regional languages: Hindi, Marathi, Gujarati, Bengali, Tamil, Telugu, Malayalam and Kannada. The rollout commenced with Hindi, followed by Kannada, with the remaining languages set for introduction in the coming months.

Swapnil Jain, CTO & Co-founder, Ather Energy, said: “Karnataka has been home for us since the beginning. It’s where much of Ather was built, our teams, and our early community. In a state where culture and language are deeply rooted, adding Kannada to the Rizta Z dashboard felt like a natural step to make the experience more personal and accessible for our riders here. As technology becomes part of daily life, it should also feel familiar and easy to use, that’s exactly what this update aims to do.”

The Rizta, Ather’s first family scooter, is available in two models and four variants: Rizta S and Rizta Z. The variants offer an IDC range of 123 km and 159 km. The scooter features a large seat and a storage space of 56-litre, including a 34-litre under-seat capacity and an optional 22-litre frunk accessory.

Safety features include SkidControl, Fall Safe, Emergency Stop Signal (ESS) and Tow & Theft Alerts. The Rizta has found a strong connection with riders, crossing 100,000 unit sales in June of this year.

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Hindustan Zinc, a global integrated zinc producer, is advancing its mining strategy with a fleet intelligence system powered by Industrial Internet of Things (IIoT). Through monitoring of Heavy Earth Moving Machinery, the company is capturing real-time data on equipment uptime, reliability and energy consumption to optimise operations, enhance machine lifespan and elevate productivity.

The data-driven approach has led to measurable improvements across equipment categories over the last three fiscal years FY2024 to FY2026:

• Jumbo drilling machines achieved a 28 percent improvement in reliability and uptime.
• Load Haul Dumpers recorded a 24 percent rise in uptime.
• Low-Profile Dump Trucks showed an improvement of over 27 percent.
• Efficiency has also improved, seen in the Power Pack to Percussion ratio for Jumbo machines, which decreased from 3.8 to 3.4, indicating better energy use for equivalent output.

This transformation is managed by Hindustan Zinc’s Collaboration Centre, which serves as the central nerve for real-time data integration and decision-making. Data from sensors and IIoT devices, deployed in collaboration with Machine Max (a Vedanta Spark startup partner), is processed and analysed into insights for both frontline teams and strategic leaders.

Arun Misra, CEO, Hindustan Zinc, said, “With stronger data capture, cutting-edge IIoT integration and advanced analytics, we’re moving from reactive to predictive operations. The optimisation of our heavy earth-moving fleet has been a game-changer for our uptime and efficiency. This project is a clear step towards smarter, real-time decision-making and building a high-performance, energy-efficient mining ecosystem.”

The digital initiative is integral to the company’s strategy for automation, smart mining and sustainability. Hindustan Zinc is also deploying other technologies, including an AI-powered camera surveillance system that has resulted in an almost 50 percent reduction in manual intervention for safety and compliance. The company is currently working with over 20 technology startups on more than 50 projects through Vedanta Spark.

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Tier 1 automotive supplier Lumax Auto Technologies (Lumax) has inaugurated its new Technology Centre in Bengaluru, christened the ‘Smart Hub for Innovation and Future Trends’ (SHIFT).

The new facility will focus on accelerating the company’s electronics engineering and digital capabilities amid the global transition toward software-defined vehicles (SDVs).

The inauguration saw participation from Lumax’s key customers and partners, including leaders from Daimler India Commercial Vehicles, Hero MotoCorp, Mahindra & Mahindra, Maruti Suzuki India, Tata Motors and TVS Motor Company.

The new centre aims to serve as a nucleus for advanced research and product development in key areas such as in-cabin experiences, ADAS (Advanced Driver Assistance Systems), connectivity and embedded electronics.

Anmol Jain, Managing Director, Lumax Auto Technologies, said, “This centre marks a major step toward our Tier 0.5 vision, enhancing our strengths in electronics, mechatronics and digital systems. We aim to lead the transformation toward intelligent, connected and sustainable mobility and Bengaluru’s dynamic tech ecosystem provides the ideal environment for this journey.”

The tier 1 supplier stated that the component industry is undergoing a profound transformation, driven by electrification, digitisation and autonomous technologies. As vehicles become increasingly software-centric, Lumax Group is working to integrate intelligent systems and deliver seamless user experiences.

Deepak Jain, Promoter Director, Lumax Auto Technologies, said, “The launch of our Technology Centre reaffirms our long-term commitment to customer-centric innovation and technological leadership. As the industry transitions toward software-defined vehicles (SDV), the future of mobility will increasingly be driven by intelligence, connectivity and digital integration. SHIFT will enable Lumax Group to accelerate innovation, strengthen collaboration and shape intelligent mobility solutions of the future.”

The SHIFT Technology Centre is equipped with advanced electronics labs for hardware-in-the-loop (HIL) testing, rapid prototyping and product validation, enabling end-to-end innovation from concept to commercialisation.

Satish Sunderesan, CTO, Lumax Auto Technologies, said, “With SHIFT, we aim to converge talent, technology and transformation to engineer software-defined and digitally driven vehicles and evolve from smart systems to autonomous intelligence.”

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