Climate CEOs (formerly Entrepreneurs for Impact): Scaling Climate Tech Startups #125: Disrupting 50% of Global Electricity Use with New Electrostatic Motors — Matt Maroon, CEO of C-Motive Technologies
⭐ My guest today is Matt Maroon, CEO of C-Motive Technologies.
He is a six-time veteran of cleantech startups – developing and selling new technologies, from advanced batteries to energy-optimizing artificial intelligence software - with a goal of improving society’s efficient use of resources and reducing environmental impact.
C-Motive is the first and only company commercializing sustainable, high-efficiency motor technology using electrostatic principles to decarbonize stationary industrial and e-mobility applications.
Their investors include Prime Impact Fund, Collaborative Fund, and Starlight Ventures.
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🎙️ In this episode, we talked about:
- How motors consume 50% of all electricity in the world, despite how oblivious we all are to that fact
- The fact that 2% of a motor’s life cycle costs are attributed to its upfront cost – i.e., CapEx vs. its OpEx
- The whopping size of the motor market at $100B in sales per year
- Their efficiency at 90% compared to most motors which average 50-70%
- The utility in industrial applications at less than 500 RPM, especially in geographies with high power prices
- How dudes with long hair in climate tech need to stick together
- And lots more
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🙏 Hope you enjoy it!
📣 And give Matt and C-Motive a shout-out on LinkedIn, Slack, or Twitter by sharing this podcast with your people.
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