Project dates: 01. Apr 2019 - 31. Oct 2019
Objective
"The interest in electric vehicles and eMobility has seen a sharp increase as governments around the world move to ban petrol and diesel vehicles. The global eMobility market is expected to exceed more than $60 by 2022, but the overall sustainability and efficiency of electric mobility is far from clear. There are several challenges that the industry currently faces, including reducing the weight and cost of components and improving the limitations of autonomy that allow electric mobility to become a reality in the near future. To solve these issues, IMPROVUM has developed a new generation of electric motors that provides higher power density and safety features by a novel winding architecture. This technology called ""EMphiTech"" allows us to reduce the size of the electric motors, increase their energy use and make them as safe and cheap as possible. Currently we have a prototype in TRL5, and we have started the development of a fractional closely attached driver which will allow the presented system (motor and driver) to achieve safety redundancy while keeping the system efficiency, concluding the full development of the presented system to produce the first small-scale pilots. Our business model is based in licensing model generating revenues through royalties (5% on sales). Our customers are electric motor manufacturers. We are targeting the global electric motor market, which is estimated to reach €173 billion by 2024, focusing only on motor vehicles and aerospace transportation segment, our SAM is €17 M in 2019 increasing to €26 M in 2024. We plan to reach a gross profit of €6.7M in 2023, representing a market share of 1%. IMPROVUM’s team is led by our CEO Albert Navarro (MSc Industrial Engineering as a background & EMBA), Alejandro Bosco, our CTO (Electronic Engineer) and Florencio Rincón, our CFO (bachelor in business administration and management). We are applying to the SME Instrument Phase 1 to carry out a Feasibility Study. "