a year ago

Monumo Raises £10.5 Million to Revolutionize Electric Motor Design with AI and ML

  • Monumo, a UK-based deeptech startup, has raised £10.5 million in seed funding from angel investors

  • The company has developed a proprietary technology that uses AI and ML to redesign electric motors, specifically targeting two and three-wheel vehicles

  • Monumo's technology can perform millions of simulations per day, optimizing motor designs for cost, efficiency, and sustainability

  • By eliminating rare earth magnets, which are environmentally harmful, the company aims to significantly reduce CO2 emissions and mining waste

  • Monumo's technology is applicable to various motor types and has the potential to revolutionize electric motor design.

      • ProblemTechnology

      "Electric motors are inefficient and rely on rare earth magnets, which are unsustainable and expensive to produce."

      Solution

      "Monumo uses AI to design electric motors that are more efficient and don't require rare earth magnets, making them more sustainable and cost-effective."

      Covered on