Tech
Vimag Labs raises $5 million in round led by Accel
Vimag Labs, a Bengaluru-based deeptech startup developing magnet-free electric motor and control systems, has raised $5 million in a round led by Accel, with participation from Chakra Growth Fund and Thinkuvate. Founded by Manish Seth and Dr Piyush Desai, Vimag Labs is building a foundational motor architecture that delivers the efficiency of permanent magnet motors […]
Vimag Labs, a Bengaluru-based deeptech startup developing magnet-free electric motor and control systems, has raised $5 million in a round led by Accel, with participation from Chakra Growth Fund and Thinkuvate.
Founded by Manish Seth and Dr Piyush Desai, Vimag Labs is building a foundational motor architecture that delivers the efficiency of permanent magnet motors without using rare earth metals. The technology aims to address concerns around cost volatility, supply-chain constraints, and geopolitical dependence on rare earth metals, which are…
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