Conifer locks down $20M seed round for its ‘drop-in’ electric hub motor

TechCrunch
By Sean O'KaneApr 14, 2025, 9:00 am328 pts
A handful of engineers who worked at Lucid Motors and on Apple’s electric car project have launched a new startup that puts a fresh spin on electric hub motors. The new startup, called Conifer, has developed its motor to be free of rare earth elements by using more abundant ferrite magnets, which the company…

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