Vimag Labs readies magnet-free EV motor production in Bengaluru
Bengaluru startup Vimag Labs is commercialising a permanent-magnet-free motor using its “virtual magnet” architecture. The company says it has received orders, is setting up manufacturing and targets first deployments in electric two- and three-wheelers within 12 months.
What happened
Bengaluru startup Vimag Labs is commercialising a permanent-magnet-free EV motor using a “virtual magnet” architecture. It has received orders, is setting up
Key facts
- Late 2020
- 5-6 months
- 12 months
What changed
Bengaluru startup Vimag Labs is commercialising a permanent-magnet-free EV motor using a “virtual magnet” architecture. It has received orders, is setting up manufacturing, and plans initial deployments in electric two- and three-wheelers within 12 months.
Why this matters
Vimag Labs’ magnet-free motor could offer two- and three-wheeler OEMs a potential hedge against rare-earth supply volatility, though production reliability and real-world efficiency remain to be proven.
What to watch
- Named OEM or fleet customers, order volumes and whether orders are binding production contracts versus pilot commitments.
- First on-road deployments within 12 months and reported fleet uptime, efficiency, range and maintenance outcomes.
- Manufacturing location, annual capacity, production yield and announced funding for working capital and equipment.
- Independent evidence of cost per kilowatt, power density and efficiency relative to permanent-magnet and induction motor alternatives.
- Rare-earth magnet price spikes, import restrictions or policy incentives that improve the value proposition of magnet-free architectures.