Deep-tech startup Vimag Labs has raised $5 million in a funding round led by Accel along with participation from Chakra Growth Fund and Thinkuvate.
The proceeds will be allocated to accelerate commercialisation of its patented platform, the virtual magnet synchronous motor platform and expand engineering and manufacturing capabilities, Vimag Labs said in a press release.
Co-founded in Sept. 2025 by Manish Seth and Piyush Desai, Vimag Labs is a deeptech startup developing innovative, magnet-free electric motor technology to reduce reliance on rare earth…

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