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of <h1>Motorama EV secures 1.12 crore to boost rare-earth-free BLDC motors, enhance R&D, and expand in HVAC market.</h1> Motorama EV Private Limited, a startup focused on developing rare-earth-free BLDC motors for HVAC applications, has secured Rs. 1.12 crore in funding led by Campus Angels Network. This investment will support Motorama in enhancing product development, scaling manufacturing, and expanding market reach. Incubated at FITT IIT Delhi, Motorama aims to replace conventional motors with energy-efficient alternatives, addressing environmental and supply chain concerns. The funding will enable the company to optimize its supply chain, strengthen R&D, and position itself as a leader in India's HVAC industry with a focus on sustainability and performance.
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