Vimag Labs Private Limited

Based in Karnataka, India, Vimag Labs operates as a developer of magnet‑free motor and control systems using a software‑driven architecture that reduces reliance on rare‑earth materials while supporting efficient electric propulsion. In January 2026, Vimag Labs raised USD 5 million in Series A funding led by investor Accel, with participation from other investors Chakra Growth Capital and ThinKuvate. Vimag Labs’ offering is its patented Virtual Magnet Synchronous motor architecture, which eliminates the need for permanent magnets. Instead of relying on rare earth materials, the platform uses advanced power electronics and control software to generate internal magnetic fields that replicate the performance characteristics of magnet-based motors.

The technology is designed as a plug and play system, intended for integration into existing automotive and industrial manufacturing lines with minimal reconfiguration. This lowers adoption barriers for original equipment manufacturers seeking to transition away from magnet dependent designs. The platform has reached technology readiness level 7 and is undergoing real world vehicle testing. The company will use the January 2026 funding to advance the commercial rollout of its virtual magnet motor platform and strengthen its engineering and production operations.