Musashi Seimitsu Industry Co., Ltd. has announced its investment and collaboration with Dodai Group, Inc., an EV startup based in Ethiopia specializing in two-wheeled electric vehicles.
The partnership aims to address regional challenges in Eastern African countries, including Ethiopia, such as the utilization of abundant renewable energy resources, the creation of industrial infrastructure for the export of carbon credits, and the strain on national finances due to crude oil imports.
The two companies plan to work together on the development of two-wheeled EVs equipped with Musashi’s e-Axle, products for three-wheeled vehicles, and in the data business sector.
Musashi, with 35 manufacturing sites across Europe, North and South America, China, and South East Asia, specializes in designing, developing and manufacturing products such as Differential Assemblies, Transmission Gears and Assemblies, and Linkage and Suspension (L&S) products for future automobiles including electric and autonomous vehicles. The company is also generating and expanding new businesses through open innovation with global startups to contribute to the SDGs in wider business domains.
Hiroshi Otsuka, President and CEO of Musashi, stated, “Through our investment and collaboration with Dodai, we plan to further expand the provision of new EV solutions in the African market. We aim to contribute to the realization of a rich global society where people and the environment coexist in harmony, including achieving carbon neutrality.”
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