Sri Lanka’s first homemade electric supercar manufacturer to develop low cost ventilators - Opportunity Sri Lanka
Sri Lanka’s first homemade electric supercar manufacturer to develop low cost ventilators

Sri Lanka’s first homemade electric supercar manufacturer to develop low cost ventilators

Vega Innovations, which manufactured Sri Lanka’s first homemade electric supercar, has entered into a new fray of developing low-cost medical ventilators to combat the Covid 19 virus.
The company has stated that the equipment could be developed locally in any other country as well ‘by implementing the technology and design architecture.’
The Hindustan Times has reported that Vega Innovations, a company that till recently was on the fast track to develop Sri Lanka’s first homemade electric supercar, has now turned towards developing essential medical equipment to fight Covid 19.
Vega Innovations has jumped in to battle COVID-19 in the tiny island nation in the Indian Ocean by developing low-cost medical ventilators, the Hindustan Times report stated.
A subsidiary of CodeGen Group of Companies, Vega Innovations has claimed that the low-cost easily scalable medical ventilator has been tested in the country medical professionals at Sri Lanka’s Ministry of Health.
The company has stated that to address the increasing need for ventilators, a crucial medical equipment needed in the fight against COVID-19, it had put together a team to develop it in just 10 days. Much like its supercars, these ventilators are completely engineered in Sri Lanka and claim to have a 24/7 hardware and software teams ready for any assistance.
“This particular medical ventilator is designed for treating coronavirus patients in their critical phase, operates in Volume Controlled–Continuous Mandatory Ventilation (VC-CMV) mode,” the company has informed. “It takes into the account the drawbacks of the more popular Ambu bag-based design and adds vital features needed to revive coronavirus patients at full-tilt.”
Vega Innovations has further said that the equipment can be developed locally in any other country as well ‘by implementing the technology and design architecture to be manufactured under US$ 650 per unit.’
It is important to note here that the ventilator developed is waiting for a thorough test and review from medical specialists who need to approve the design. Once the path is cleared, these ventilators are all set to go in for production and then deployed to public and private hospitals in the country, the Indian media report stated.
The company has added that the project is backed by CodeGen which would enable mass manufacturing.

OSL take:

The global Covid 19 pandemic while temporarily halting some economic activities, has on the other hand opened new business/investment opportunities. The requirements of a post Covid 19 environment has a host of business/investment opportunities. Sri Lanka is in the forefront of exploring new opportunities. Therefore, businesses/investors exploring new opportunities could do so in Sri Lanka. After all, Sri Lanka’s geographical positioning in the Indian Ocean, the ease of doing business environment and the many trade agreements as well as trade concessions enjoyed by the country will make it an ideal business destination in the South Asian region.

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Article Code : VBS/AT/20200608/Z_5

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