Modal Motors aims to build electric motors without rare-earth magnets in the US
Founder Michael Van Steenburg plans for Modal Motors to manufacture electric motors in the United States while avoiding reliance on Chinese rare-earth supply chains.
Startup founder explains new approach
Michael Van Steenburg spent the last decade building electric motors in the U.S. and North America before launching Modal Motors. He argues that other companies are reshoring by copying Chinese designs that still depend on rare earth magnets. Van Steenburg believes domestic supply of those materials will take years to become available.
Company targets drone market first
The startup is developing a small electric motor intended for drones as one of its initial products. Van Steenburg stated that China has restricted access to rare earth products in the past. He views removing these magnets as an urgent pitch to separate the U.S. from that supply chain.
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