Deeptech startup Vimag Labs has raised $5 million in a Sequence A funding spherical led by Accel, with participation from Chakra Progress Fund and Thinkuvate.

The startup will use the funds to hurry up commercialisation of its patented Digital Magnet Synchronous motor platform and to develop its engineering and manufacturing capabilities.

Based in September 2025 by Manish Seth and Dr. Piyush Desai, Vimag Labs develops superior, magnet-free electrical motor and energy electronics options. The Bengaluru-based startup goals to cut back dependence on uncommon earth metals by providing high-efficiency electrical motors for electrical autos, industrial machines, HVAC methods, refrigeration, and defence purposes.

Vimag Labs has developed a patented Digital Magnet motor structure that makes use of superior electronics and management software program to generate magnetic fields electronically contained in the motor.

In accordance with the corporate, this enables it to ship the efficiency of magnet-based motors whereas avoiding points associated to price volatility, provide chain dangers, and environmental considerations. The motors are largely software-defined and are designed as plug-and-play, drop-in methods for automakers, requiring no main modifications to current manufacturing traces or car platforms.

The startup is at the moment specializing in commercialisation for two- and three-wheeler electrical autos, whereas additionally engaged on industrial and defence use instances. Its expertise is present process real-world car testing and has reached expertise readiness stage 7.

The startup has already began commercialising elements of its electronics stack and is working with a number of massive unique tools producers in India and abroad.

Manish Seth, Founder and CEO of Vimag Labs, mentioned, “This funding validates our conviction that Digital Magnet motor structure represents a elementary shift in how the trade addresses electrification at scale. We’re positioned to determine Digital Magnet expertise because the foundational platform for next-generation mobility, industrial, and protection methods.”

Barath Subramanian, Companion at Accel, mentioned, “Vimag Labs is redefining electrical drivetrains with their magnet-free structure and deep integration of energy electronics and management software program. Their platform addresses actual constraints round price, supplies, and provide chain resilience, making it globally related as electrification accelerates.”