Vimag Labs is an electric motor and power-electronics company focused on commercialising its patented magnet-free “Virtual Magnet” motor platform. Enabled by advanced power electronics and proprietary control algorithms, the design eliminates rare-earth magnets, promising lower cost, greater supply-chain resilience and improved environmental sustainability. The firm targets applications across automotive, defence and industrial markets and operates globally under its Volektra brand, with teams in India, Germany, the United States and Poland. Newly raised capital will be channelled into scaling engineering and manufacturing capabilities and accelerating go-to-market efforts. Founded by Manish Seth and Dr. Piyush Desai, the company positions its technology as a fundamental shift in electrification at scale. To date, Vimag Labs has secured $5 million in external funding through its Series A round, underscoring early investor confidence in its proprietary motor architecture.

Total raised

$5M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2026