Vimag Labs raises $5M Series A, starts magnet-free motor production in Haryana
What's the deal? Vimag LabsDealroom has a profile for this one. Try Dealroom →, a Bengaluru-based deep-tech company, has raised $5 million in a Series A round led by Accel, with participation from Chakra Growth FundDealroom has a profile for this one. Try Dealroom → and ThinkuvateDealroom has a profile for this one. Try Dealroom →. The company builds electric motor and control systems, including a proprietary magnet-free motor technology.
What's the endgame? Vimag is developing its VMSM electric motor platform, which it says replaces rare-earth permanent magnets with software-defined magnetic fields. Its applications span mobility, industrial, and defence segments.
Why now? The company has just started production at its first manufacturing facility in Met City, Jhajjar, Haryana, and plans to invest around US$6.79M in a phased capacity expansion. Its first production batch has already been exported.
How big is the raise? At $5 million, the round sits in roughly the 45th percentile for deal size — a modest check for a capital-intensive manufacturing play that ties investment to customer demand rather than fixed timelines.
What's the plan? The 10,000 sq ft Jhajjar facility can expand to about 20,000 sq ft and is designed to scale to 10,000 motor and control systems monthly. It features clean rooms, automated lines, and Industry 4.0 monitoring, with the network expected to create 100 to 150 direct and indirect jobs.
Vimag's initial focus is mid-power systems, with plans to add high-power systems rated at 570 kW and above as customer programmes mature. It has signed a manufacturing memorandum of understanding with Jendamark Pvt LtdDealroom has a profile for this one. Try Dealroom → and secured an exclusive US licensing agreement for a bidirectional high-voltage inverter platform operating at up to 1,000 volts.
What did they say? Co-founder and chief executive officer Manish Seth said the start of manufacturing marks the transition "from technology development and validation to industrialisation and serial production."
The signal: Vimag's magnet-free approach targets the industry's dependence on rare-earth permanent magnets, a persistent supply-chain vulnerability. With operations scaling across India, Europe, and the United States, the company is betting it can convert that technology into exportable production.
Read more: autocarpro.in
Image credit: Generated with Gemini
