Volektra, a Sacramento, CA-based electric drivetrain provider, raised an undisclosed amount in funding.
The round was led by Chakra Growth Capital, with participation from other investors.
The company intend to use the funds to accelerate its expansion across automotive, micromobility, industrial, and defense markets.
Led by CEO and Founder Manish Seth, Volektra is an electric drivetrain company specializing in clean mobility that develops wireless systems and magnet-free motor technologies. Its Virtual Magnet motor leverages software-defined magnetic fields and an advanced coil architecture to match the performance of permanent magnet motors without using a single rare earth material. Beyond its core motor technology, Volektra is also developing the Volektra Smart & Connect platform—a connected system layer that seamlessly integrates with its drivetrains. This platform enables over-the-air (OTA) updates, remote diagnostics, predictive maintenance, and fleet-level analytics, transforming every Volektra-powered product, such as Vollkit, into an intelligent, connected system.
The company is actively engaged in proof-of-concept programs with major global automotive OEMs while also deploying its technology through its own micromobility systems.
