GlobeNewswire Inc. · Apr 12, 2025
Volektra Raises Capital to Commercialize Virtual Magnet Motor for Mobility, Industry, and Defense
Electric drivetrain innovator Volektra has secured funding to commercialize its proprietary Virtual Magnet motor technology, which eliminates rare earth magnets. The funding will accelerate Volektra's expansion across various markets, and the company is engaged in proof-of-concept programs with major global automotive OEMs.


