What does Volektra do?
Volektra specializes in electric drivetrain solutions, developing cutting-edge wireless systems and magnet-free motor technologies. Its flagship Virtual Magnet motor leverages software-defined magnetic fields and advanced coil architectures to deliver performance comparable to traditional permanent magnet motors, while its Smart & Connect platform offers over-the-air updates, remote diagnostics, predictive maintenance, and fleet analytics.
How much did they raise?
The company raised an undisclosed amount in a funding round led by Chakra Growth Capital with participation from other investors, reflecting strong industry confidence in its innovative technology.
What are their plans for the money?
The funds will be used to accelerate the company’s expansion into key markets including automotive, micromobility, industrial, and defense sectors. This investment is expected to propel further development of its drivetrain systems and connected technology, enhancing its offerings in both established and emerging markets.
What have they achieved so far?
Volektra has already made notable progress with its Virtual Magnet motor and Smart & Connect platform, successfully deploying its technology in its own micromobility systems and engaging in proof-of-concept programs with major global automotive OEMs.
