Monumo: AI-powered Electric Motor Redesign Startup Emerges Stealth
London, 20th February: Monumo, a technology business that couples deeptech AI innovation with traditional engineering expertise to redesign the electric motor, has emerged from stealth. Monumo’s patented technology has already produced a deeptech-generated design for a switched reluctance motor (SRM*) which reduces torque ripple by 50% across the drive cycle making it significantly smoother and quieter. Monumo’s world-first approach to SRMs with its simulation, optimisation, and prototype framework, demonstrates the potential for wider applications across a wide range of the electric motors market.
Founded in 2021, the Cambridge and Coventry based startup has a mission to move the needle on decarbonisation and is initially focused on the global EV market, which is projected to reach $623bn in 2024.
Through its unique combination of AI, ML and motor design ability, Monumo’s proprietary technology runs around 10 million simulations per day to test potential iterations of the motor design. In turn, the platform can identify the optimal parameters for the specific use-case whether that is reducing cost, creating efficiencies or improving sustainability.
Monumo recently raised a £10.5m seed round from angels and has signed NDAs with numerous tier one engineering companies and Original Equipment Manufacturers (OEMs). The company is led by CEO and founder, Dominic Vergine, a serial entrepreneur and former VP Sustainability at Arm, and CTO Jaroslaw Rzepecki, PhD, who previously held software engineering positions at Siemens, Microsoft Research and Arm. Leveraging multidisciplinary expertise across its 30 strong team, Monumo brings together automotive engineers, data scientists, physicists, deeptech experts, and entrepreneurs. Across the team, half have PhDs in physics, electronics, ML and computer science, and engineering.
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