2017
Bengaluru
Seed
Physics Motors is an Indian clean-energy technology company specializing in the research, design, and manufacturing of advanced electric vehicle (EV) drivetrains. It focuses on delivering indigenous, efficient, and robust propulsion solutions tailored for Indian road conditions. The company positions itself as a key enabler of sustainable transportation by producing critical components that reduce reliance on imported EV technology.
BLDC Hub Motors: Manufacturing of Brushless DC (BLDC) hub motors designed for electric two-wheelers and three-wheelers, offering high efficiency and durability.
PMS Motors: Production of Permanent Magnet Synchronous (PMS) motors known for their high torque density and precision control, suitable for various EV applications.
Motor Controllers: Development of intelligent motor controllers (Sine Drive) with advanced sensorless technology to optimize motor performance, acceleration, and energy management.
E-Rickshaw Drivetrains: specialized L3 category drivetrain solutions, including robust motors and controllers specifically engineered for the e-rickshaw segment.
Drive Train Technology Research: Providing R&D services to design custom electric drivetrains, including future technologies like Switched Reluctance Motors (SRM) and Axial Flux Motors.
B2B Component Sales: The primary revenue stream is the direct sale of EV motors (Hub and PMS) and controllers to Original Equipment Manufacturers (OEMs) of electric two-wheelers, three-wheelers, and rickshaws.
Custom Drivetrain Solutions: Generating revenue by designing and manufacturing bespoke drivetrain systems for other automotive OEMs, catering to their specific power and performance requirements.
Aftermarket Sales: Selling replacement motors and controllers through a distribution network to support the maintenance and upgrade of existing electric vehicles, particularly in the e-rickshaw market.
Technology Licensing and R&D: Leveraging its intellectual property in electromagnetic design and control algorithms to potentially license technology or provide paid R&D consultancy to other players in the EV ecosystem.
$3.51Million
3
$733K, Seed
as of January 2, 2024
$11Million
as of March 22, 2024
-
as of N/A
KPI PHYSICS MOTORS
and 1 more31
Ninety One
No Exits
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| January 2, 2024 | Seed | $733K | $11Million | $196K | - | KPI PHYSICS MOTORS |
| February 28, 2022 | Seed | $2.46Million | $6.57Million | $24.3K | - | KPI PHYSICS MOTORS |