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Conifer, a Silicon Valley startup, has secured $20 million in seed funding to commercialize its magnet-agnostic electric motors and powertrains that are coupled with a software-driven manufacturing approach. Founded by repeat entrepreneurs and ex-Apple Special Projects Group and Lucid engineers, the company has spent the last two years developing and validating its technology with customers. It announced the successful funding in April. […]
YASA, a global leader in the design, development, and supply of ultra-high-performance electric motors officially opened their fully upgraded manufacturing facility in Yarnton, near Oxford. The £12m investment boosts YASA’s manufacturing capacity, setting new benchmarks […]
With a major new production line in operation at its Big River Steel facility in Arkansas, U. S. Steel has entered the market for electrical steel in a big way. Its new Indux™ steel is […]
Coiltech North America is set for its launch edition to be held June 11-12 at Novi, Michigan near Detroit. A trade fair series by QUiCKFairs of Italy, the event is poised to become a premier […]
Based on their successful joint development with a European OEM on magnet-free electric motor technology, top-tier automotive supplier Valeo is now extending its portfolio of the externally excited synchronous motors (EESM) towards upper segment vehicles […]
March 26, 2025 – Siemens announced today that it has completed the acquisition of Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market, for an enterprise value of approximately […]
Magnets, motors and power electronics for e-mobility are increasingly finding their way to Vietnam these days as VinFast rises rapidly to become a global player, leading the way toward establishing a new automotive industry design […]
Powered by six permanent-magnet motors and fueled by either battery power or hydrogen, electric vertical take-off and landing aircraft by Joby Aviation are taking to the skies in strategic test flights. In Japan, Toyota has […]
Attendees at this summer’s Farnborough AirShow, always a showcase for innovative technology in aviation held every two years in the UK, got a peek at the latest developments in e-aviation from Evolito, The UK company was spun out in 2021 by YASA, a pioneer of automotive axial-flux electric motors acquired by Mercedes-Benz in July of that year, to exclusively commercialize next-generation electric motor technology for the aerospace market. […]
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