VC backing for the world's most compact, modular, and cost-effective electric powertrains without rare earth minerals risk
🎧 Episode Summary
Conifer has created the only rare-earth free electric motor and powertrain that is also better across power density, efficiency and cost metrics, compared to incumbents with rare-earths.
Conifer’s in-wheel powertrains and NEMA compatible motors are designed to fuel the fast growing $200B electric mobility, agriculture, and industrial markets.
They raised a $20M seed round last year, which is a good sign in a tough market for hardtech startups.
Ankit Somani, CEO and Co-founder of Conifer, and a repeat entrepreneur and has raised $80M+ across his startups.
Prior to Conifer, Ankit co-founded AllyO, an enterprise AI agent that served Fortune 500 companies like Walmart and Amazon.
Following its acquisition by HireVue, he served as HireVue's Chief Product Officer.
Previously, he was a part of Google’s Data Center R&D and Electrification teams, creating products that serve all of Google infrastructure.
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About the host: Dr. Chris Wedding
Climate CEO coach, investor, serial founder, board member, professor, and occasional monk. For more on climate tech startups and leadership, follow daily posts on LinkedIn:
👉 https://www.linkedin.com/in/christopherwedding
