Vimag Labs develops magnet-free Virtual Magnet Motors (VMM) using software-defined controls to match permanent magnet efficiency without rare-earth materials. Suitable for EVs, industrial, defense, and HVAC applications, it reduces supply risks, costs, and enables updates via code. At TRL 7 with real-world vehicle testing and OEM partnerships in India/overseas. Bengaluru-headquartered with global expansion focus and manufacturing acceleration. Stage: Series A ($5M led by Accel).