{"data":{"type":"company_profile","id":125483,"entity_id":"wefunder:company:125483","attributes":{"canonical_url":"https://wefunder.com/volektra","generated_at":"2026-06-20T22:05:36Z","updated_at":"2026-06-20T05:01:01Z","entity_ids":{"company":"wefunder:company:125483","slug":"wefunder:company_slug:volektra"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-20T22:05:36Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-20T05:01:01Z","as_of":"2026-06-20T22:05:36Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-20T05:01:01Z","as_of":"2026-06-20T22:05:36Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-04-29T23:34:07Z","as_of":"2026-06-20T22:05:36Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-04-29T23:34:07Z","as_of":"2026-06-20T22:05:36Z","confidence":"medium"}}},"company":{"id":125483,"entity_id":"wefunder:company:125483","slug":"volektra","name":"VOLEKTRA","tagline":"Electrifying Vehicles with Magnet Free, Smart \u0026 Connected Drivetrain Platforms.","elevator_pitch":"Think of us like Bosch for smaller vehicles (albeit faster, cost efficient and more agile) We are electrifying anything smaller than a car, be it a bike/2 wheeler or 3 wheeler. We do this using our proprietary Motor/Controller/Communication/IOT technology. Core - As against the state of art motors that use magnets with rare earth minerals, we have invented a ground breaking magnet free motor and control system (no it's not AC or SRM) that surpasses the performance of any existing electric drive and opens endless possibilities while helping avoid nuclear and toxic waste generated by rare earth elements. We will use this motor into our proprietary conversion platforms for smaller vehicles (bikes/2 wheelers/Ape/Tuk Tuk and 1 ton trucks). We use the hardware and develop our own firmware and software and integrate all of that with our back end to provide a truly connected and sustainable solution for last mile mobility. 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Grew Volektra to 1 million dollar yearly revenue, setting up operations in 3 countries and saving 30,000 kg of C02 every year. Built up strong team that will disrupt mobility.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/3221228/square_blob.jpg?1672844791","profile_url":"https://wefunder.com/manish.seth.3","linkedin_url":"www.linkedin.com/in/sethmanish1982","related_urls":["https://wefunder.com/manish.seth.3"]},{"id":3221330,"entity_id":"wefunder:company_role:3221330","role":"employee","name":"Luis Pont","title":"Drivetrain Design Director ","bio":"Worked at ABB advanced motor labs on multiple new generation motors. Highly knowledgeable on electromagnetic and electrical engineering. Invented magnet-less motor that is cheaper and better than magnet based motors.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/3221330/square_blob.jpg?1672779283","linkedin_url":"https://www.linkedin.com/in/luis-grampa-pont-lezica-154593217","related_urls":[]},{"id":3232195,"entity_id":"wefunder:company_role:3232195","role":"employee","name":"Shom Shekhar","title":"VP - Software Development","bio":"2 decades of software experience. Built \u0026amp; sold query analyser software to DBS bank of Singapore. Developed AI based OS hardening system for cloud infra, Developed IOT platform for Samsung that is used in BMW, FCA and AUDI. 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With a keen business acumen he has successfully invested since 2015.","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/2782092/medium_cropped_1DBA5427-9B68-427D-93FE-754CF4B50F69.jpg","profile_url":"https://wefunder.com/vikaschoudhary","investment_total":25000,"investment_info":"Invested $25,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/vikaschoudhary"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":6,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":143224,"entity_id":"wefunder:fundraise:143224","state":"open","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":50000.0},{"id":73132,"entity_id":"wefunder:fundraise:73132","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2023-02-07T02:13:51Z","funding_closed_at":"2023-05-01T04:08:44Z","auto_close_at":"2023-05-01T03:59:59Z"},{"id":73133,"entity_id":"wefunder:fundraise:73133","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":600000.0,"funding_started_at":"2023-01-03T14:22:28Z"}],"latest_fundraise":{"id":143224,"entity_id":"wefunder:fundraise:143224","state":"open","offering_type":"4(a)(6)","structure":"ttw","testing_the_waters":true,"can_invest_now":true,"funding_started_at":null,"funding_closed_at":null,"terms":{"eb":null,"nb":null,"txt":null}},"recent_posts":[],"q_and_a":[{"id":240755,"entity_id":"wefunder:comment:240755","question":"Hi Volektra team, very interesting concept. I have a number of questions that I couldn't figure out from the pitch. Thank you in advance for your answers. 1) Are all your products magnet/rare earth free? Your website says the 3-wheeler kits are IPMSM - which from my understanding means they use magnets. 2) Why aren’t the full 2022 financials included in your SEC filings? 3) Can you break down how your $1M 2022 revenue was generated? I.e. Which products did you sell and how many of each? 4) Which products will generate your $5M 2023 revenue forecast? 5) Of the 15,000 vehicles converted, are those all 2/3-wheelers? Or e-bikes as well? 6) Where are your current production facilities? 7) Are the 2/3-wheeler kits (not e-bikes) sold to consumers who want to convert their vehicles? Or, to manufacturers building new vehicles? What is the pricing? 8) Do you have long-term goals for an exit or a payback to investors? I would welcome the opportunity to speak with you directly on a call for these answers. Thank you!","author_name":"Dan Devlin","votes":0,"created_at":"2023-03-28T19:28:27Z","canonical_url":"https://wefunder.com/volektra#question-240755","answers":[{"id":240760,"entity_id":"wefunder:comment:240760","answer":"HI Dan, Thanks for the appreciation. I would be happy to talk you through and help with your investment questions. Please send us your contact details at - info@volektra.com. and we will schedule the investor call with you. I look forward to speaking with you. You can also read in depth discussion here - https://kingscrowd.com/volektra-founder-manish-seth-democratizing-sustainable-mobility/. Thanks a lot!","author_name":"Manish Seth","votes":0,"created_at":"2023-03-28T19:40:55Z"}]},{"id":239004,"entity_id":"wefunder:comment:239004","question":"i thought you said wefunder said they don't do investor panels etc anymore. i contacted wefunder and like i said they said it is up to the company if they want to do a pitch deck and or investor panel etc. which i hate to say it is common sense how are they going to tell you what you can do with your business especially if it could lead to more money besides they get a fee anyway of the raise so the more you raise the more they make. some companies are even doing zoom etc type calls where people that invested may want to invest more or new people they tell them where the company is going, future plans then open it to questions at the end, i have seen the companies raises increase like crazy. some companies get busy and forget people are asking questions on here. that way it is in their calender, i was on one the other day that lasted almost 2 hours in the early evening. good luck to you.","author_name":"John Webster","votes":0,"created_at":"2023-03-15T21:48:31Z","canonical_url":"https://wefunder.com/volektra#question-239004","answers":[{"id":239057,"entity_id":"wefunder:comment:239057","answer":"Thanks for the comments we stand by our previous comments. We are waiting for your email or contact to help you with the pitch deck because from your questions it’s not clear what issue you are facing, everyone else is able to see the deck. If you are interested to know more then the best option is to write to us directly. We do get busy because we have to work hard on our company to create value for our investors who are supporting us. If you want to invest and know more reach out at info@volektra.com","author_name":"Manish Seth","votes":0,"created_at":"2023-03-16T05:26:08Z"}]},{"id":238767,"entity_id":"wefunder:comment:238767","question":"You said wefunder doesn't offer investor panel anymore. That has nothing to do with wefunder that is a company thing that not all companies do some companies do it,up to the companies wefunder doesn't control that. I literally this morning looked at the investor panel and pitch deck for 3 companies and then there is one going active in a couple of days that have both that I am going to invest in when they go active since I have another company that would make a great collab. No the pitch deck isn't showing. Thanks","author_name":"John Webster","votes":0,"created_at":"2023-03-14T00:19:49Z","canonical_url":"https://wefunder.com/volektra#question-238767","answers":[{"id":238787,"entity_id":"wefunder:comment:238787","answer":"Pitch deck - We need to see why you are not able to see the deck. It’s right below the video and the pitch. We will send you the screenshot on your email. If you want also the same deck can be shared over email. Can you please share your email at info@volektra.com Investor panel - would be great if you can share the link to those companies on our email - Info@volektra.com so that we can check and take it up.","author_name":"Manish Seth","votes":0,"created_at":"2023-03-14T04:37:51Z"}]},{"id":236818,"entity_id":"wefunder:comment:236818","question":"For the E-Bike market you are serving - What are your TAM, SAM, and SOM numbers and how did you come to the numbers you are providing? As you are serving the European market in specific...narrowing down from the Global market of E-bike approx $31 Billion (for 2023) as per Statista.","author_name":"Sahith Reddy Madara","votes":0,"created_at":"2023-03-01T18:56:35Z","canonical_url":"https://wefunder.com/volektra#question-236818","answers":[{"id":236853,"entity_id":"wefunder:comment:236853","answer":"Great Question. Assuming you are talking about slide 4 that says total units as 57 M for e bikes. The source is PWC https://www.pwc.com/it/it/publications/docs/pwc-global-bike-and-accessories-market.pdf Estimated Values (Kits and OEM supplies): TAM - $62B, SAM $20.5B (EU/US) SOM -$84M (2025-26) (EU/US) As you see that the numbers are so big that the only thing that matters is our ability to scale and deliver. For more details please drop us an email - info@volektra.com. Cheers,","author_name":"Manish Seth","votes":0,"created_at":"2023-03-01T19:47:55Z"}]},{"id":235429,"entity_id":"wefunder:comment:235429","question":"what is the advantages of a magnetless system vs a magnet based one? is it the simple fact that your using less rare materials or are there efficiency gains to be had? couldn't understand the pitch","author_name":"Aaron Garay","votes":0,"created_at":"2023-02-18T11:19:35Z","canonical_url":"https://wefunder.com/volektra#question-235429","answers":[{"id":235430,"entity_id":"wefunder:comment:235430","answer":"Hi, Glad that you asked, please see below: Slide - 4 in the deck shows how our system compares against others. Here is summary: 1. It’s not ‘less’ rare earth it is no rare earth and no magnet. There is a confusion between magnet free and rare earth free systems. Rare earth free motors use Ferrite magnets which are still magnets and have inferior performance, similar to other competing techs. Our product is ‘magnet free’ and it makes big difference for EV supply chains. 2. Performance - We are building the product that has Higher power density, higher efficiency, lower cost and other tech benefits such as freewheeling control, rotor temperature detection etc. This is what is compared against the other technologies on slide 4 of the pitch deck. 3. Cost - significantly lower than magnet based motors 4. Environmental impact - better covered here https://www.bbc.com/future/article/20150402-the-worst-place-on-earth Hope this clarifies! Have a great day.","author_name":"Manish Seth","votes":1,"created_at":"2023-02-18T11:34:34Z"}]},{"id":235157,"entity_id":"wefunder:comment:235157","question":"I invested in a couple of ev companies. Like what you offer. I think what would benefit you is if you had an investor panel and or pitch deck that i see other companies have. Plus if you had a zoom call that people can sign up for to ask questions and you can talk about the opportunity..even on your video you aren't saying much.","author_name":"John Webster","votes":0,"created_at":"2023-02-16T21:03:41Z","canonical_url":"https://wefunder.com/volektra#question-235157","answers":[{"id":235163,"entity_id":"wefunder:comment:235163","answer":"Thanks for your comment! We checked about investor panel but wefunder doesn’t offer that anymore. Is the pitch deck not visible? It’s loaded and can be downloaded too. A call as you suggested will be scheduled as well, we are waiting for some stuff to be over so that we can present more. Thanks!","author_name":"Manish Seth","votes":0,"created_at":"2023-02-16T21:23:17Z"}]}],"faq":[{"question":"I invested in a couple of ev companies. Like what you offer. I think what would benefit you is if you had an investor panel and or pitch deck that i see other companies have. Plus if you had a zoom call that people can sign up for to ask questions and you can talk about the op...","answer":"Thanks for your comment! We checked about investor panel but wefunder doesn’t offer that anymore. Is the pitch deck not visible? It’s loaded and can be downloaded too. A call as you suggested will be scheduled as well, we are waiting for some stuff to be over so that we can present more. Thanks!"},{"question":"what is the advantages of a magnetless system vs a magnet based one? is it the simple fact that your using less rare materials or are there efficiency gains to be had? couldn't understand the pitch","answer":"Hi, Glad that you asked, please see below: Slide - 4 in the deck shows how our system compares against others. Here is summary: 1. It’s not ‘less’ rare earth it is no rare earth and no magnet. There is a confusion between magnet free and rare earth free systems. Rare earth free motors use Ferrite magnets which are still magnets and have inferior performance, similar to other competing techs. Our product is ‘magnet free’ and it makes big difference for EV supply chains. 2. Performance - We are..."},{"question":"For the E-Bike market you are serving - What are your TAM, SAM, and SOM numbers and how did you come to the numbers you are providing? As you are serving the European market in specific...narrowing down from the Global market of E-bike approx $31 Billion (for 2023) as per Stat...","answer":"Great Question. Assuming you are talking about slide 4 that says total units as 57 M for e bikes. The source is PWC https://www.pwc.com/it/it/publications/docs/pwc-global-bike-and-accessories-market.pdf Estimated Values (Kits and OEM supplies): TAM - $62B, SAM $20.5B (EU/US) SOM -$84M (2025-26) (EU/US) As you see that the numbers are so big that the only thing that matters is our ability to scale and deliver. For more details please drop us an email - info@volektra.com. Cheers,"},{"question":"You said wefunder doesn't offer investor panel anymore. That has nothing to do with wefunder that is a company thing that not all companies do some companies do it,up to the companies wefunder doesn't control that. I literally this morning looked at the investor panel and pitc...","answer":"Pitch deck - We need to see why you are not able to see the deck. It’s right below the video and the pitch. We will send you the screenshot on your email. If you want also the same deck can be shared over email. Can you please share your email at info@volektra.com Investor panel - would be great if you can share the link to those companies on our email - Info@volektra.com so that we can check and take it up."},{"question":"i thought you said wefunder said they don't do investor panels etc anymore. i contacted wefunder and like i said they said it is up to the company if they want to do a pitch deck and or investor panel etc. which i hate to say it is common sense how are they going to tell you w...","answer":"Thanks for the comments we stand by our previous comments. We are waiting for your email or contact to help you with the pitch deck because from your questions it’s not clear what issue you are facing, everyone else is able to see the deck. If you are interested to know more then the best option is to write to us directly. We do get busy because we have to work hard on our company to create value for our investors who are supporting us. If you want to invest and know more reach out at info@vo..."}]}}}