Monumo

Automotive, Electronics, Industrial Engineering, Machine Learning

Author

Peniel Keme Kitoko
May 29, 2024 • Estimated Reading Time: 3 minutes

🌎🌍🌏| Europe Wednesday

Creating The World’s Best Electric Motors.

  Problem

  • Market Potential: Despite increasing EV sales, market growth faces challenges in reliability, efficiency, and repair costs.

  • Challenge: Consumers hesitate to switch to EVs due to these ongoing issues.

  • Lacking Tool: Current EV motors, specifically PMSMs, need advancements to overcome these barriers.

    • Extra Barriers: High costs and complex designs.

This issue's Startup leverages AI and engineering to enhance EV motor design, making them cost-effective and efficient.

  Solution

Monumo

Monumo is revolutionizing electric motor design with AI and advanced engineering techniques.

How: Monumo uses a proprietary simulation and optimization framework to refine motor efficiency.

  • Platform: Their platform performs millions of simulations daily to identify optimal motor designs.

  • Target: Monumo’s technology serves OEMs and tier-one engineering companies in the EV market.

  • Resolving: Monumo addresses inefficiencies and high costs in current EV motors by reducing torque ripple and eliminating rare earth magnets.

  Company Info

  • Industry: Automotive, Electronics, Industrial Engineering, Machine Learning

  • Business Model: Licensing, B2B

  • HQ: Cambridge and Coventry, UK

  • Founding Year: 2021

  • Employee Count: 11-50

  • Investors: LQD VC, Simon Segars

  • Funding Amount: £10.5 million

  Traction

  •   Signed NDAs with multiple tier-one engineering companies

  •   Achieved a 50% reduction in torque ripple in SRMs

  •   Secured £10.5 million in seed funding

  Competition Advantages

  • Proprietary technology performing 10 million simulations daily

  • Focus on eliminating rare earth magnets

  • Proven reductions in motor noise and torque ripple

  Founders

  • Dominic Vergine, Founder and CEO (Former VP Sustainability at Arm, serial entrepreneur)

  • Martin Frost, CBE: Founder, Chair, and Investor (Experienced entrepreneur and business leader)

  • Ian Murphy: Founder and President (Seasoned expert in engineering and innovation)

  Job Opportunities & Contact

  • Hiring Status: Active

  • Contact Information:

    • https://www.linkedin.com/company/monumo-ltd/

    • https://monumo.com/careers

  Why Invest by George

❝

Ooh-ooh-ahh-ahh! Monumo makes EV motors better with smart monkey AI, which makes EVs cost less bananas!

🐵

- George Capuchinski -

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Cheers,

Peniel Keme Kitoko

Catalyzer X

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