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Enedym Receives $2.4 Million By Sustainable Development Technology Canada To Commercialize And Advance Ventium Wind Pitch Motor Technology

Feb 07, 2022•over 3 years ago

Amount Raised

$2.4 Million

Round Type

seed

Hamilton

Description

Enedym, Inc. (“Enedym”), the technology company that develops next generation switched reluctance motors (SRMs), electric propulsion, and electrified powertrains, announced today that it is receiving a $2.4 million non-repayable contribution from Sustainable Development Technology Canada (“SDTC”) to commercialize and advance its Ventium wind pitch motor technology.

Company Information

Company

Enedym

Location

Hamilton, Texas, United States

About

Enedym is a technology start-up company from McMaster University. The company is headquartered at the McMaster Innovation Park in Hamilton, Ontario, Canada. Enedym has ownership of over 50 patents and pending patent applications and related inventions developed by the Canada Excellence Research Chair in Hybrid Powertrain Dr. Ali Emadi and his research group at the McMaster Automotive Resource Centre (MARC), McMaster University. Enedym’s vision is to reduce the cost of electric propulsion motors significantly and power a new paradigm in the electric motor industry through novel switched reluctance motor (SRM) drive technologies. Enedym aspires to help save the planet, one electric motor market at a time. To learn more about Enedym, please visit www.enedym.com and our YouTube channel at Enedym YouTube.

FundzWatch™ Score

65
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