The Propulsion Company
Viridian Ingni Propulsion (VIP Propulsion) provides rare-earth-free, magnet-free electric motors and controllers for OEMs, with an initial product targeting the E-Rickshaw L3 segment. The motor achieves 94% peak efficiency and supports multiple gear ratios, reducing supply chain dependency while supporting net-zero initiatives.
- Automotive Technology
- Mobility & Transportation
- Clean Technology
- Hardware
Funding
Raised to date
₹14.7MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Est. $176.4Kacross 1 round
₹14.7M · Pre-Seed
Announced Oct 2026 · from article date
Disclosed cumulative: $176.4K
Founders
Founder details are not available yet.
Product
Problem
Electric motors commonly rely on rare-earth magnets, which are costly, have a vulnerable supply chain, and raise environmental concerns. This dependency creates challenges for OEMs seeking to build energy-efficient and sustainable electric vehicles, particularly in markets like India where local conditions and resource availability are key factors.
Solution
Viridian Ingni Propulsion (VIP Propulsion) provides energy-efficient, rare-earth-free and magnet-free electric motor and controller solutions for OEMs. The company's technology aims to reduce dependency on scarce resources while delivering high performance and reliability. Their current product, a motor designed for E-Rickshaw L3 applications, achieves a peak efficiency of 94% and supports various gear ratios, demonstrating a focus on practical, industry-ready solutions. VIP Propulsion also offers comprehensive aftermarket support to ensure the long-term performance and reliability of its motors and controllers.
Target Audience
Primary customers are OEMs (Original Equipment Manufacturers) in the electric vehicle sector, particularly those producing E-Rickshaws and other light electric vehicles, who require reliable, energy-efficient, and sustainable propulsion systems.
Features
- Rare-earth-free and magnet-free motor technology that reduces supply chain dependency and supports sustainability goals
- High-performance E-Rickshaw L3 motor with 48V voltage, 1.2kW rated power, 2kW peak power, and 28Nm peak torque
- Peak efficiency of 94% for reduced energy consumption
- Supports multiple gear ratios (10:1, 12:1, and 16:1) for flexible integration
- Localized manufacturing operations tailored to diverse climates and road conditions
- Comprehensive aftermarket support services for motors and controllers, including maintenance and troubleshooting