Modal Motors, a startup company, is currently developing a new line of electric motors. These motors are designed to be notably small and light. A key innovation in their design is the complete absence of rare earth magnets, which are often used in traditional electric motor manufacturing. This approach signifies a move towards different material sourcing and production methods for these essential components.
The startup's new rare earth free motors are specifically suited for various modern applications, including drones, fans, and robots. By focusing on motors that do not require rare earth magnets, Modal Motors aims to entirely remove certain countries, particularly China, from the supply chain for these specific types of electric motors. This strategy intends to create an independent and alternative source for essential motor components for these advanced technologies.