Archive · 23 Jan 2026
Gati Drives Raises Pre-Seed Funding for Rare-Earth-Free Motors
Gati Drives is a startup that makes special electric motors.
These motors are as good as the expensive ones but cost much less and don't need rare materials from other countries.
They just got some money from a group called Campus Fund to help them make more of these motors and work with big companies.
The motors are very efficient and can be fixed easily, which is great for India.
The founders are experts in making motors and want to make India a leader in this technology.
They plan to start making these motors in big numbers by early 2026.
Gati Drives raised a pre-seed round from Campus Fund to develop rare-earth-free electric motors.
The company's SSPM motors achieve 90% efficiency and are 40-50% cheaper than traditional BLDC motors.
Gati Drives aims to address India's dependence on imported motors and inefficient induction motor technology.
The investment will support manufacturing scale-up, team expansion, and certifications for commercial deployment.
The company targets the $4.7 billion sub-1kW motor market in India, with plans to expand into fans, pumps, and EV motors by early 2026.
- Who
- Gati Drives, co-founded by Suyash Mishra and Gajendra Jain
- What
- Raised pre-seed funding to develop rare-earth-free electric motors
- When
- January 23, 2024
- Where
- Bangalore, Karnataka, India
- Why
- To revolutionize India’s motor industry with cost-effective, efficient, and locally sourced technology
- Company
- Gati Drives
- Founders
- Suyash Mishra and Gajendra Jain
- Investor
- Campus Fund
- Technology
- Slip Synchronous Permanent Magnet (SSPM) motors
- Efficiency
- 90%
- Cost Reduction
- 40-50% cheaper than BLDC motors
- Market Opportunity
- India's sub-1kW motor market valued at $4.7 billion
- Target Markets
- HVAC, appliances, fans, pumps, and EV motors