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Automobiles

Japan chip startup forms EV parts joint venture in India

Headspring and Anand look to supply Indian and European automakers

Headspring President Osamu Hoshino, left, with Jaisal Singh, vice chairman of Anand Group's executive board. (Photo obtained by Nikkei)

TOKYO -- Japanese semiconductor startup Headspring will form a joint venture by March with India's Anand Group to develop inexpensive, mass-producible components for electric vehicles in the South Asian country.

Under the venture announced by Headspring, the startup will supply proprietary technology to develop powertrains and converters. The partners plan to start mass-producing the components for local and European EV makers operating in India.

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