Conifer locks down $20M seed round for its ‘drop-in’ electric hub motor

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TechCrunch 1w ago

Conifer locks down $20M seed round for its ‘drop-in’ electric hub motor - TechCrunch

Quick Summary:

A handful of engineers who worked at Lucid Motors and on Apple’s electric car project have launched a new startup that puts a fresh spin on electric hub motors.

This all comes at a time when batteries — which typically account for a bulk of the cost in an electric vehicle — are still getting cheaper, but are not seeing the dramatic price decreases that were evident a decade ago.

Companies like Germany’s DeepDrive and Finland’s Donut Lab are taking novel approaches to making electric motors more efficient, powerful, and affordable.