CONNECT WITH US
Startup

Startup

Modal Motors is trying to cut China out of electric motors entirely

TechCrunch - Startups logo

Published on

Add as a preferred source on Google
Modal Motors is trying to cut China out of electric motors entirely

Lately, it seems like everyone is talking about bringing manufacturing back to the United States, especially when it comes to hard tech like drones and robotics. Michael Van Steenburg thinks he’s ahead of the game.

Van Steenburg spent the last decade building all kinds of electric motors in the U.S. and North America, and now he wants to do it again with his new startup, Modal Motors. This time, he wants to ditch rare-earth magnets entirely, in a bid to further separate the U.S. from China’s supply chain.

As one of the founders in Startup Battlefield 200 who will compete at TechCrunch Disrupt next month, he thinks it’s an urgent pitch to make.

“China’s already flexed its muscles a couple times,” Van Steenburg said, referring to the country restricting access to rare-earth products.

There are other companies working on setting up electric motor manufacturing and supply chains in the U.S., but Van Steenburg argues they’re doing it the wrong way by continuing to rely on rare-earth magnets. Domestic supply of those materials is still years away, he said.

“Other people are ‘reshoring,’ [but] they’re basically knocking off Chinese motors and just doing it in the U.S. But they’re hoping that the U.S. rare-earth magnet system is going to get up to speed fast enough,” he said. “It’s going to still be a while longer before they can actually replace China.”

Modal Motors has two products that it’s developing ahead of Disrupt. One is a small electric motor meant for drones that can also work in fans, blowers, and even actuators.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.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.