💨 Abstract

Motorama EV Private Limited, an Indian startup focused on rare-earth-free BLDC motors for HVAC applications, has raised Rs1.12 crore in funding led by Campus Angels Network. The funding will be used for product development, manufacturing scale-up, and market expansion. Motorama's motors aim to replace conventional HVAC motors with more energy-efficient alternatives, addressing environmental and supply chain concerns while enhancing durability and performance.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖