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Vimag Labs develops magnet-free motor and control systems for electric propulsion.
Based in Karnataka, India, Vimag Labs develops a motor architecture that uses power electronics and control software instead of permanent magnets. Its plug-and-play system is designed for automotive and industrial manufacturing lines and has reached technology readiness level 7. In January 2026, the company raised USD 5 million in Series A funding led by Accel, with Chakra Growth Capital and ThinKuvate participating, to support commercial rollout and production.
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