Honda Xcelerator Ventures is proud to share that Enedym Inc., a Canadian technology company specializing in next-generation switched reluctance motor (SRM) drive systems, has secured an investment from Honda Motor Co., Ltd.
Enedym’s SRM technology eliminates the need for permanent magnets and rare earth metals, addressing the cost and sustainability challenges of conventional electric motors. The new investment will help accelerate the development of Enedym’s patented motor designs and scale its operations.
Headquartered at McMaster Innovation Park in Hamilton, Ontario, Enedym holds ownership of over 70 patents and related inventions developed by Dr. Ali Emadi and his research group at McMaster University. The company’s advanced SRM configurations and digital motor design platform enable efficient, powerful, and scalable electric motors at a fraction of traditional development time and cost.
“At Enedym, we have redefined what switched reluctance motors can do. Through proprietary motor configurations, cutting-edge control strategies, and design optimization, we have overcome traditional SRM limitations. Our high-performance motors are quiet, efficient, powerful, and scalable,” said Dr. Ali Emadi, Founder, President, and CEO of Enedym.
“We are very pleased that Honda sees the potential of our motor technology. We are excited to deepen our partnership with Honda and welcome them as our strategic investor.”
“Enedym has an innovative switched reluctance motor technology that does not require any rare earth materials. Most electric propulsion motors today use permanent magnets made from rare earth metals, which are expensive and environmentally challenging. Enedym motors do not use any permanent magnets, and Honda has high hopes for its potential,” said Manabu Ozawa, Managing Executive Officer of Honda Motor Co., Ltd.
Honda Xcelerator Ventures is proud to support Enedym in advancing the next generation of rare earth–free electric motor technology and driving progress toward a sustainable mobility future.
About Enedym:
Enedym is a technology company based in Hamilton, Ontario, Canada, focused on developing next-generation switched reluctance motors, electric powertrains, and control technologies. With over 70 patents, Enedym’s mission is to make electrified propulsion more affordable and sustainable by eliminating the use of rare earth metals and leveraging digital design tools.
Learn more:
https://www.businesswire.com/news/home/20251020765704/en/Enedym-Inc.-Secures-Investment-from-Honda-Motor-Co.-Ltd.?utm_campaign=shareaholic&utm_medium=linkedin&utm_source=socialnetwork
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