SEDEMAC is focused on building an Engine Management System (EMS) product for Asian 2/3 wheelers and plans to introduce its product in the market by March 2009. The product features shall be:
- At least 10% improvement in the fuel efficiency over the conventional “carburetor” solutions for 2/3 wheelers
- Compliance with the upcoming, stricter emission regulations across Asia
- Up to 33% reduction in the unit cost owing to “model-based” technologies developed by SEDEMAC
- Use of intellectual property built “from-scratch” in India and tailored to the design requirements of Asian small vehicles.
Nexus India Capital closed it’s second fund of $220mn a few weeks back.