Ecozen makes a strategic investment in Volektra

Ecozen, a climate-smart technology company, has announced a strategic investment in Volektra, a German-based electric vehicle technology firm. Investors, including Thinkuvate and Growthfactory, back the partnership. The collaboration will combine Ecozen’s expertise in motors, controls, IoT, and analytics with Volektra’s magnet-free motor technology (SEEM). This technology aims to create efficient and cost-effective electric mobility solutions and provides an alternative to traditional EV motors that use rare earth magnets, with the goal of improving efficiency and sustainability in electric mobility.

Ecozen’s controllers will be integrated into Volektra’s Vollkits, which convert traditional micro-vehicles into electric models. These conversion units, equipped with Volektra’s VSAC technology, have been successful in Europe, powering over 20,000 three-wheelers and several e-bikes utilizing their first-generation drivetrain, said a release. The collaboration aims to advance electric vehicle technology by integrating Ecozen’s control systems with Volektra’s motor technology.

“Our magnet-free motor technology (SEEM) eliminates the need to use rare earth minerals,” said Volektra’s Founder and CEO Manish Seth. “This maintains cost-effectiveness and performance and enables better control while contributing to a cleaner environment. We believe Volektra is driving the future of sustainable transportation by providing innovative, affordable, and high-performance EV conversion kits.”

Devendra Gupta, CEO and Co-founder of Ecozen stated, “Ecozen has always been at the forefront of sustainability with our climate-smart technology, impacting millions globally. Our investment in Volektra is a game-changer, merging our technological prowess to redefine electric mobility. By eliminating the reliance on rare-earth magnets, we’re not just enhancing efficiency—we’re leading the charge toward a more sustainable future in transportation.”

“Partnering with Volektra is a strategic move that amplifies our shared vision for sustainable mobility. This collaboration brings together our strengths to push the boundaries of innovation. As Volektra opens doors to new markets, Ecozen’s advanced technologies will drive further breakthroughs. Together, we’re setting the stage for a transformative leap in the future of transportation.”, added Prateek Singhal, COO and Co-founder of Ecozen.

Also read: How IoT and AI solutions can accelerate EV deployments and enhance customer experience