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Motorama, incubated at FITT IIT Delhi, raises Rs 1.12 cr led by Campus Angels
The Business Guardian
|March 18, 2025
Motorama EV Private Limited, an innovative startup specializing in rare-earth-free BLDC motors for HVAC applications, has successfully raised ₹1.12 crore in its latest funding round led by Campus Angels Network.
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This investment will drive Motorama's efforts in product development, scaling manufacturing, and enhancing its market reach to revolutionize energy-efficient motor solutions.
Motorama, incubated at Foundation for Innovation and Technology Transfer (FITT) IIT Delhi, is focused on delivering high-performance, sustainable BLDC motors designed for HVAC applications, aiming to replace conventional motors with more energy-efficient alternatives.
The company's motors eliminate the need for rare-earth materials, addressing environmental and supply chain concerns while enhancing durability and performance.
Leadership Insights Abhishek Gupta, Founder & CEO of Motorama, remarked, "This investment is a significant step forward in our mission to redefine HVAC motor technology. With the backing of Campus Angels Network, we are well-positioned to expand our market presence and deliver cutting-edge, energy-efficient solutions to commercial infrastructure and industrial applications."
Dit verhaal komt uit de March 18, 2025-editie van The Business Guardian.
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