Volektra

At Volektra, we’re building the future of electric mobility—without the rare earths using our Virtual Magnet Technology

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Updated: Mar 15, 2026 ·

About

Volektra is an innovator in sustainable electric drivetrain technologies, pioneering Software Defined Virtual Magnet technology. This approach replaces conventional permanent magnets, which are dependent on rare earth materials, with an advanced software-controlled virtual magnet system.

The company's mission is to build the future of electric mobility and clean energy generation without the reliance on rare earths. Volektra's technology is designed to address the challenges associated with the sourcing and environmental impact of traditional magnet materials.

Recent News & Mentions

Jan 29, 2026FundingVolektra - Series A

Financial History

Volektra has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Series A in January 2026.

Total Raised

$5.0M

Valuation

N/A

Funding Rounds Raised

Date	Round	Lead Investors	Other Investors
Jan 29, 2026	$5.0M Series A	Accel	Chakra Growth Fund, ThinKuvate

Financial History

Volektra has raised $5.0M across 1 funding round.

Total Raised

$5.0M

Valuation

N/A

Deep Dive

Volektra is advancing sustainable electric drivetrain technologies through its proprietary Virtual Magnet Technology. This innovative system is designed to replace traditional permanent magnets, which typically incorporate rare earth elements, with a software-controlled virtual magnet solution. The company's development efforts are centered on creating more resource-independent and environmentally conscious electric motor designs.

The core of Volektra's offering lies in its ability to eliminate the need for rare earth materials in electric motors. By utilizing a software-defined approach, the technology aims to provide a robust and efficient alternative to conventional magnet-based systems, thereby mitigating supply chain risks and environmental concerns associated with rare earth mining.

This technology is positioned to power a range of applications within the clean energy and electric mobility sectors. Volektra is developing solutions for industrial uses, micromobility, and custom projects, indicating a broad applicability for its magnet-free motor designs across various industries requiring electric propulsion or power generation.

Established in 2020, Volektra has set up its US headquarters in El Dorado Hills, California. This strategic location supports the company's operations and its commitment to developing and deploying its sustainable electric motor technologies.

Through its Virtual Magnet Technology, Volektra aims to redefine motion by offering a pathway to electric vehicles and clean energy systems that are less reliant on critical raw materials. The company's work contributes to the broader transition towards a more sustainable and electrified global infrastructure.

Sources

Frequently Asked Questions

How does Volektra's technology differ from conventional electric motor designs?

Volektra's Virtual Magnet Technology replaces traditional rare earth permanent magnets with a software-controlled virtual magnet system, eliminating the need for these materials. This approach offers a resource-independent alternative for electric drivetrain technologies.

What are the primary application areas for Volektra's Virtual Magnet Technology?

The technology is designed to power the future of clean energy generation and electric mobility, with applications spanning industrial solutions, micromobility, and custom projects.

Where is Volektra's primary operational base in the United States?

Volektra established its US headquarters in El Dorado Hills, California, to support its initiatives in sustainable electric drivetrain technologies and market expansion.