Vimag Labs raises $5 million in round led by Accel

January 29, 2026

, By The Economic Times

Vimag Labs raises million in round led by Accel

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Vimag Labs, a Bengaluru-based deeptech startup developing magnet-free electric motor and control systems, has raised $5 million in a round led by Accel, with participation from Chakra Growth Fund and Thinkuvate.

Founded by Manish Seth and Dr Piyush Desai, Vimag Labs is building a foundational motor architecture that delivers the efficiency of permanent magnet motors without using rare earth metals. The technology aims to address concerns around cost volatility, supply-chain constraints, and geopolitical dependence on rare earth metals, which are…

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Vimag Labs raises $5 million in round led by Accel

January 29, 2026

, Published By The Economic Times

Vimag Labs raises million in round led by Accel

Vimag Labs, a Bengaluru-based deeptech startup developing magnet-free electric motor and control systems, has raised $5 million in a round led by Accel, with participation from Chakra Growth Fund and Thinkuvate.

Founded by Manish Seth and Dr Piyush Desai, Vimag Labs is building a foundational motor architecture that delivers the efficiency of permanent magnet motors without using rare earth metals. The technology aims to address concerns around cost volatility, supply-chain constraints, and geopolitical dependence on rare earth metals, which are…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

SoftBank in talks to invest up to $30 billion more in OpenAI

Next News

Easy Home Finance secures $30 million from Investcorp, Claypond Capital, SMBC Asia

The Economic Times

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