Electrostatic Motors: Disrupting 50% of Global Electricity Use with C-Motive

Learn how Matt Maroon and C-Motive are reinventing motors with electrostatic tech—90% efficiency, $100B market impact, and the potential to slash half of global electricity use.⭐ My guest today is Matt Maroon, CEO of C-Motive Technologies.He is a six-time veteran of cleantech startups – developing and selling new technologies, from advanced batteries to energy-optimizing artificial intelligence software - with a goal of improving society’s efficient use of resources and reducing environmental impact. C-Motive is the first and only company commercializing sustainable, high-efficiency motor technology using electrostatic principles to decarbonize stationary industrial and e-mobility applications.Their investors include Prime Impact Fund, Collaborative Fund, and Starlight Ventures.---🎙️ In this episode, we talked about:- How motors consume 50% of all electricity in the world, despite how oblivious we all are to that fact- The fact that 2% of a motor’s life cycle costs are attributed to its upfront cost – i.e., CapEx vs. its OpEx- The whopping size of the motor market at $100B in sales per year- Their efficiency at 90% compared to most motors which average 50-70%- The utility in industrial applications at less than 500 RPM, especially in geographies with high power prices- How dudes with long hair in climate tech need to stick together- And lots more---🙏 Hope you enjoy it!📣 And give Matt and C-Motive a shout-out on LinkedIn, Slack, or Twitter by sharing this podcast with your people.---👍 Please leave a review or rating on your favorite podcast player. This is the #1 way that more listeners can discover the amazing climate CEOs and investors I get to interview here.---🌎 Entrepreneurs for Impact is on a mission to help climate innovators grow faster with new investment capital, share best practices among peers, expand their networks, and reach their full potential.Here's our weekly newsletter — A 3-minute summary of climate tech startups, better habits, and deep work trends: ⁠⁠⁠⁠https://entrepreneursforimpact.substack.com⁠⁠⁠⁠Our main program is a Climate CEO Mastermind peer group community: ⁠⁠⁠⁠https://entrepreneursforimpact.com⁠⁠⁠⁠Our invite-only cohorts of 12 executives catalyze personal development and business growth via monthly meetings, annual retreats, and 1:1 coaching and strategy calls. Today’s highly curated Mastermind members represent over $8B in market cap or assets under management.Programs are led by Dr. Chris Wedding — 4x founder, $1B of investment experience, and Duke University and UNC-Chapel Hill professor, with 70,000+ professional students taught, 25 years of meditation, an obsession with constant improvement, and far too many mistakes to keep to himself.