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Conifer Raises $20M Seed to Commercialize Rare-Earth-Free Electric Hub Motor
SeedVenture CapitalB2B Growth

Conifer Raises $20M Seed to Commercialize Rare-Earth-Free Electric Hub Motor

P
Pulse
•April 14, 2025
P
Pulse•Apr 14, 2025
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Conifer Health

Conifer Health

company

Deal Summary

Conifer, a startup founded by former Lucid and Apple EV engineers, raised a $20M seed round to advance its drop-in electric hub motor that uses ferrite magnets instead of rare earth elements. The funding will support product development and commercialization for automotive and mobility customers.

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