Electric Vehicle Drive Train Technology Manufacturer, Physics Motors Technology Physics Motors raises pre-series
A funding from Indian-American entrepreneur, Dr. Kiran Patel, acquiring close to 30% stake in the company.
Mumbai: Incorporated in 2019, Physics Motors was founded by Deepak Jadhav. Over the last two years, with Engineering Innovation in traction Motor designing, Physics Motors has developed Indigenous Hub Motors and Mid Motors of various power specifications for Indian EV market specifically for 2W EV Application. The company is currently into production of Hub Motor for 2W application and extending it to Mid Motor in coming months. With its in-house Motor Design and Simulation Expertise, Physics Motors has the capabilities to design and manufacture custom motors for EV OEM’s.
Speaking about his investments in Physics Motors, Patel said, “My wife and I have always believed in building a legacy by partnering with companies who are passionate in making this planet better for the next generation. I came across the Physics Motor team recently and we were impressed by the indigenous Make-In-India manufacturing of EV Drivetrain Technology, which I believe is essential if India has to be self-sufficient in electric mobility.”
Deepak Jadhav, CEO of Physics Motor said on the fund raise, “Physics Motors is solving EV Drivetrain challenges of building world-class and superior quality traction motors Made In India for EV OEM’s. These EV Drivetrain products which we have developed are not only for the Indian market, but will have opportunities for the international market as well.”
