Versa Drives gets investment from Murata Manufacturing,
11 days ago
: Coimbatore-based electronics design and manufacturing company Versa Drives Pvt Ltd Monday said it has received an undisclosed investment from Japan-headquartered Murata Manufacturing Co. The investment would be utilised to develop a line of innovative motor drives that target the electric appliances and electric vehicle OEMs (original equipment manufacturers) with superior control and efficiency, a company statement said. "Murata with its global presence and leadership in electronic component manufacturing will help Versa Drives' products reach international markets," managing director of Versa Drives Sundar Muruganandhan said in the statement. Versa Drives has been supplying custom-designed motor drives and is a market leader in super-efficient ceiling fans. The company has been registering a growth rate of 30 per cent in the niche field catering to original equipment manufacturers, the statement said. Commenting on making the investment in Versa Drives Pvt Ltd., ...
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