Physics Motors

Physics Motors

Designs & manufactures electric vehicle drive train systems

Founded

2017

Headquarters

Bengaluru

Status

Seed

Company Details

Website

Socials

Email

Phone

+91 - 9880901122

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.

Core Products and Services

  • 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.

Business Model and Revenue Streams

  • 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.

Key People

Deepak Jadhav

Sundeep Jadhav

Key Metrics

Total Equity Funding

$3.51Million

No. of Funding Rounds

3

Latest Funding Round

$733K, Seed

as of January 2, 2024

Post Money Valuation

$11Million

as of March 22, 2024

Funding Multiple

-

as of N/A

Investors

KPI PHYSICS MOTORS

and 1 more

Employee Count

31

Similar Companies

Ninety One

Exit Details

No Exits

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
January 2, 2024Seed$733K$11Million$196K-KPI PHYSICS MOTORS
February 28, 2022Seed$2.46Million$6.57Million$24.3K-KPI PHYSICS MOTORS

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