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Modal Motors raises USD 2 million for non-rare-earth motor production in Michigan
On November 4, Modal Motors announced it has closed the first tranche of a USD 2 million seed funding round to support manufacturing of its electric motors at facilities in Michigan. The company makes non-rare-earth hub motors, drone propulsion systems and robotic actuators.
The funding will enable Modal Motors to mo....
The funding will enable Modal Motors to mo....
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