Modal Motors Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Modal Motors Inc. - overview

Established

2024

Location

Michigan City, IN, US

Primary Industry

Automobiles, Other Vehicles & Parts

About

Modal Motors Inc. is a US-based company specializing in the design and production of high torque density electric motors, focusing on innovative engineering solutions and diverse applications across various industries. Founded in 2024, Modal Motors Inc. is dedicated to producing advanced electric motor systems.


The company has completed one deal to date. Its headquarters is located in Michigan City, US. Modal Motors specializes in the design and production of high torque density electric motors, utilizing a unique engineering approach that incorporates a 3D flux path stator optimized for ferrite magnets. This innovative design allows compatibility with both rare-earth and copper winding options, as well as a magnet-free alternative, catering to diverse performance requirements.


The company offers its motors in both air-cooled and liquid-cooled configurations, addressing various environmental and operational needs. Their core products serve a wide range of applications across industries such as automotive, aerospace, and industrial equipment, focusing on lightweight performance and high efficiency. Modal Motors markets its products primarily in North America and Europe, targeting businesses and manufacturers looking to enhance their electric motor systems while minimizing reliance on rare-earth materials. Modal Motors operates on a business-to-business model, engaging directly with clients in sectors that require advanced electric motor solutions.


Transactions primarily occur through direct sales agreements, where clients procure electric motors tailored to their specific applications. The company offers a range of pricing structures based on the configuration and specifications of the motors, particularly emphasizing their innovative, non-rare-earth options that are positioned as cost-effective alternatives to conventional rare-earth motors. By leveraging their extensive development experience, Modal Motors provides clients with high-performance motors that align with industry demands, reinforcing their competitive market stance. The firm is poised for growth through strategic partnerships and collaborations within the automotive and industrial sectors, enhancing their distribution and market reach.


In October 2025, Modal Motors Inc. raised USD 764,287 in seed funding from unspecified investors. The round was part of a larger USD 2. 1 million in seed funding.


The company aims to expand its product line by introducing new motor configurations designed for varied environmental conditions. Additionally, Modal Motors intends to target new geographic regions, including expanding its market presence in Europe and Asia by the end of 2026.


Primary Industry

Automobiles, Other Vehicles & Parts

Sub Industries

Automobiles, Other Vehicles & Parts

Website

www.modalmotors.com/

Verticals

Electric & Hybrid Vehicles, Manufacturing, Robotics

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.