Company Performance Metrics
We are Modal Motors, and we are raising for our Seed Round funding. We are a Michigan corporation spun-out from Veolectra, Inc. and have a patent-pending advanced electric motor technology that is ready for commercialization for e-Mobility applications, and we need funding to launch the prototyping phase for our early customers.
Our
patent-pending electric motor technology is unique and harvests all of the magnetic flux developed inside the electric motor enabling us to achieve the highest torque density and average efficiency direct drive motor on the market. Our motors will have the highest full speed range efficiency due to the fact that our motors do not require back irons for the magnets and are yokeless, which are the source of the highest losses for our competitors’ electric motors. Our motors can even be made without permanent magnets and can utilize aluminum coil windings instead of copper.
Our motors are designed for manufacturing in the USA with low capital costs and low to no touch labor making them the most cost-effective solution for our customers and the mobility market. The modular and scalable architecture enables fully automated cell-based manufacturing that is also scalable as volumes and motor sizes increase. Our motor technology has been developed over the past 12 years with numerous prototypes designed, built and tested to bring us to the technological state that we are in today.