A $5M startup claims rare earth-free electric motor breakthrough

Electrek
By Fred LambertJul 13, 2026, 9:59 am122 ptsTrending
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…

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