Electric motors account for 45% of global electricity ...
Electric motors account for 45% of global electricity consumption, and two thirds of power used in industry. But electric motors haven't evolved in decades, there's no room for further innovation, right? Wrong. In a way that only an outsider to the industry could have dreamed up, NovaTorque has disrupted the design of the electric motor to bring to market a motor that is both less expensive upfront as well as more efficient to operate. In the industrial markets NovaTorque targets, this combination is of enormous interest. The companyâ€™s motor achieves this with the added advantage of being more compact than comparable state-of-the-art motors and not requiring the use of expensive rare earth magnets.
Funding and Financing Rounds
Impact Reports & Metrics
Fremont, California United States