Fundz
You are reading one round. Fundz also knows which of your own LinkedIn connections can open this account.See it live →

Vimag Labs raises $5M Series A led by Accel to commercialize magnet-free motor technology for EVs. The funding supports manufacturing setup and engineering development.

PRIVATESep 14, 2026•about 4 hours ago

Amount Raised

$5 Million

Round Type

Series A

BengaluruManufacturingAutomotive

Investors

ThinkuvateChakra Growth FundAccel

Description

Bengaluru-based deep-tech startup Vimag Labs completed a $5 million Series A funding round led by venture capital firm Accel, with participation from Chakra Growth Fund and Thinkuvate. The capital will support the company's manufacturing setup and engineering development as it transitions to commercial supply. Vimag Labs has developed a Virtual Magnet Synchronous Motor that replaces rare-earth magnets with copper coils and advanced power electronics. The company is conducting pilot programs with two-wheeler and passenger vehicle manufacturers to validate the technology.

Company Information

Company

Vimag Labs

Location

Bengaluru, Karnataka, India

About

Vimag Labs is a Bengaluru-based deeptech startup developing innovative magnet-free electric motor and control systems. The company focuses on creating a foundational motor architecture that provides the efficiency of permanent magnet motors without the reliance on rare earth metals. Its technology is designed to address cost volatility and supply-chain issues associated with rare earth materials, primarily sourced from China. Vimag Labs targets electric vehicles and industrial applications, emphasizing a software-defined approach to motor efficiency.

Don't miss Vimag Labs's next move

Get an email the moment Vimag Labs raises, hires an exec, or expands, usually minutes after it happens.

One email per event. Unsubscribe anytime.

Predictive Intelligence
Strategic

ML-powered predictions for Vimag Labs's next move

See what Strategic adds

Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Vimag Labs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick. $29 a month, billed annually, and if it does not pay for itself in a year we refund it.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.