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

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 every major automaker for years: how to build a competitive EV motor that doesn’t depend on China.

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China Tightens Rare-Earth Grip on U.S. Firms, Threatening Trade Clash

The move targets two U.S. manufacturers at the center of the Trump administration’s effort to rebuild the domestic supply chain for critical magnets.

Β© Steve Marcus/Reuters

MP Materials’ open-pit rare-earth mine in Mountain Pass, Calif., in 2020.
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