🌍✨ A $5M startup claims rare earth-free electric motor breakthrough
Why we’re watching: A Bengaluru startup called Vimag Labs just secured its fifth Indian patent for an electric motor that runs without any rare-earth magnets, using software and power electronics to generate its magnetic field instead.
It’s a small, $5-million company taking a swing at a problem that has stumped Tesla, GM, and every major automaker for years: how to build a competitive EV motor that doesn’t depend on China. 💚
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- 📌 Key signal: A Bengaluru startup called Vimag Labs just secured its fifth Indian patent for an electric motor that runs without any rare-earth magnets,…
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Reporting curated for GreenTV App — Business in a Box. Original reporting via Electrek.