Sustainable Electric Motor Company Enedym Inc. Secures $15 Million Investment To Accelerate Business Plan
Sustainable Electric Motor Company Enedym Inc. Secures $15 Million Investment To Accelerate Business Plan
06/29/21, 12:08 PM
Location
hamiltonMoney raised
$15 million
Enedym, the technology company that develops next generation electric propulsion and electrified powertrains, today announced a $15 million financing round from an international group of strategic investors within the U.S., Canada, Europe, and India; including P&A Paletta Giving Inc., TRIO Capital Group Inc., Napino Group, KWG Capital Inc., Pathfinder Asset Management Limited, and others.
Company Info
Location
hamilton, texas, united states
Additional Info
Enedym is a technology start-up company from McMaster University. The company is headquartered at the McMaster Innovation Park in Hamilton, Ontario, Canada. Enedym has ownership of over 50 patents and pending patent applications and related inventions developed by the Canada Excellence Research Chair in Hybrid Powertrain Dr. Ali Emadi and his research group at the McMaster Automotive Resource Centre (MARC), McMaster University. Enedym’s vision is to reduce the cost of electric propulsion motors significantly and power a new paradigm in the electric motor industry through novel switched reluctance motor (SRM) drive technologies. Enedym aspires to help save the planet, one electric motor market at a time. To learn more about Enedym, please visit www.enedym.com and our YouTube channel at Enedym YouTube.