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Inmotive

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Ingear is a 2-speed transmission for EVs, making them more affordable, efficient, and performant, enabling a more widespread adoption of electric vehicles and contributing to net-zero emissions

Toronto, CanadaFounded 2010Transportation
Valuation $25–50M Last recorded · 2020
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Inmotive

Inmotive, a Toronto-based company founded in 2010, is focused on advancing electric vehicle (EV) technology. The company was established through the collaboration of Anthony Wong, the inventor and Chief Technical Officer, and Paul Bottero, the CEO and a seasoned entrepreneur. Wong's initial concept, inspired by the derailleur gears on his bicycle, was to move the sprockets over the chain rather than the chain over the sprockets, leading to the creation of the "morphing sprocket". This idea evolved from a model built in a spare bedroom to a full prototype that exceeded initial performance expectations.

Inmotive operates on a business-to-business model, licensing its proprietary technology to automotive original equipment manufacturers (OEMs). The company's core offering is the Ingear, a patented two-speed transmission system designed specifically for EVs. This technology addresses key challenges in the EV market, including range, performance, and cost. By replacing the second reduction gear in a typical single-speed EV with a continuous chain drive and a morphing sprocket, the Ingear allows the electric motor to operate more efficiently. The system enables the motor to stay within its optimal efficiency range, reducing energy waste and improving overall performance. This results in a 7-15% improvement in range and up to a 15% enhancement in acceleration. Furthermore, the increased efficiency allows for the use of smaller, less expensive batteries and motors, potentially reducing the production cost of an EV by approximately $1,500.

The Ingear's design is compact and integrates around the differential, requiring no additional space. It utilizes a robust silent chain and features a unique geometry that ensures continuous torque transfer even during shifts, which can be completed in as little as 19 milliseconds. This provides a smooth and quiet passenger experience. Inmotive has secured numerous patents for its technology and has established engineering centers in Toronto and Bengaluru, India, with additional offices in Europe and China. The company has entered into significant partnerships, including a joint development agreement with Suzuki Motor Corporation to integrate the Ingear into a future Suzuki EV, and another with Bando Chemical Industries to adapt the technology for the two- and three-wheeled vehicle market.

Source: Dealroom company data

At a glance

Founded
2010
Headquarters
Toronto, Canada
Sector
Transportation

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • Ontario Centre of Innovation
  • Crux Capital
  • Sustainable Development Technology Canada

Series A2 investors entered at this stage

  • Up Capital
  • Suzuki Global Ventures
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇨🇦 Canada96.5%
🇺🇸 United States3.5%
2 countries shown

Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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