Electric Motor Technology Startups That Raised Funding in India

Vimag Labs

Location: Bengaluru, India

Funding: Secures $5M

Date: 143 days ago

Vimag Labs is a Bengaluru-based deep-tech startup developing magnet-free electric motor technology that uses advanced electronics and software to eliminate reliance on rare earth elements for EVs, currently undergoing real-world vehicle testing.

Vimag Labs

Location: Bengaluru, India

Funding: raises $5 m

Date: 148 days ago

Vimag Labs is a Bengaluru-based deeptech startup developing magnet-free electric motors and advanced control systems as efficient, rare-earth-free alternatives for powertrain applications. It has begun commercializing parts of its electronics stack and is working with multiple large OEMs in India and overseas.

Naxatra Labs

Location: Bengaluru, India

Website: naxatralabs.com

Funding: Secures $3 M

Date: 184 days ago

Naxatra Labs is a Bengaluru-based startup developing advanced electric motor and drivetrain technologies for electric vehicles and industrial applications, offering scalable, high-performance motor solutions.