Magnetless Backing & World Recognition
The investors, non-dilutive funding, awards and media behind Magnetless and our rare-earth-free motor technology.
Investor
Backed by Breakthrough Energy Fellows
Breakthrough Energy was founded by Bill Gates in 2015 to accelerate the technologies the world needs to reach net-zero emissions, and is one of the world’s leading climate Tier 1 investors.
About the FellowshipNon-Dilutive Funding & Support
UK Government Funding
DRIVE35
Selected for the UK Government’s £4 billion DRIVE35 fund, delivered by the Advanced Propulsion Centre UK and Innovate UK.
About DRIVE35
Grant Funding
TRIG 2025
Transport Research and Innovation Grant, funded by the Department for Transport and delivered by Connected Places Catapult.
About TRIG 2025
Funded Project
MTC
A design for manufacture (DFM) project with the Manufacturing Technology Centre, funded by the MTC.
Visit the MTC
Equity-Free Funding
Royal Academy of Engineering Enterprise Hub
Equity-free funding and support from the Enterprise Hub, including its 2026 investor Demo Day in London.
About the Enterprise Hub
Accelerator
The Greenhouse at Imperial
Cohort 9 of The Greenhouse, the flagship climate tech accelerator of Undaunted at Imperial College London.
About The GreenhouseAwards & Recognition
Recognised by investors, industry leaders and Europe’s leading innovation events.
Winner · July 2026
Energy & Mobility Award
Won the live pitch in Berlin in front of 150+ investors and industry leaders.
Read More
Winner · October 2026
Decarbonisation & Impact Award
Awarded at the Paris Motor Show, the world’s oldest motor show.
Read More
Selected · May 2026
DTM100: Top 1% of Deep Tech
Selected from 10,000+ startups screened each year by Deep Tech Momentum.
Read More
Selected · June 2026
Top 50 Impact Start-ups to Watch in Europe
Named by Next Impact Europe at VivaTech 2026 in Paris.
Read More
Finalist · October 2025
TBAT Innovation Challenge
Named a finalist in the TBAT Innovation Challenge 2025.
Read More
Finalist · May 2026
EU-Startups Summit
One of 15 pitch finalists selected from 1,600+ applications across Europe.
Read MoreIn the Media & On Stage
Press coverage, interviews and the conferences where we have presented our technology.
Press · September 2026
The Engineer
Cooled Motors rebrands as Magnetless as it moves towards commercialising rare-earth-free motor technology.
Read the Article
Podcast · October 2026
Beyond The Raise
Our CEO, Michael Wise, explains why hardware is hard to build and even harder to copy.
Hear the Interview
Talk & Exhibition · May 2026
CWIEME Berlin
We exhibited, hosted a workshop and spoke on the Innovation Zone stage about low-cost magnetless motors.
See the Highlights
Talk · March 2026
Future Propulsion Conference
We presented the UESM motor topology in the start-up session to OEMs, Tier 1s and investors.
Read MoreExhibition · March 2026
Connected Places Catapult Summit
We exhibited our magnetless motor and cooling technologies as a TRIG-supported project.
Read More
Exhibition · February 2026
EUROMARITIME
We explored how magnet-free drives can accelerate the electrification of boats.
Read MoreInvest in or Partner with Magnetless
We welcome conversations with investors, OEMs, Tier 1 suppliers and partners building a future without rare-earth magnets.
Get in Touch