Funding Details
- Awarder
- Inbox
- Date Award
- April 14, 2025
- Vertical
- Transportation
- Funding URL
- View Funding Page
Company Info
- Traction
- Conifer has already secured a handful of global customers and plans to start shipping production motors later this year.
- Founders
- Ankit Somani
- Company Description
- Conifer has developed a drop-in electric hub motor that is free of rare earth elements by using more abundant ferrite magnets, which reduces cost and supply chain risk. The motor offers higher efficiency and power while being half the size of comparable options.
- Market
- Electric Vehicles
- Location
-
Berkeley,
California,
USA
- Coinvestors
- True Ventures, MaC Ventures, MFV Partners
Links