Rare-Earth-Free Electric Motors: $200B Markets Without Supply-Chain Risk | Ankit Somani, CEO of Conifer

VC backing for the world's most compact, modular, and cost-effective electric powertrains without rare earth minerals risk🎧 Episode SummaryConifer has created the only rare-earth free electric motor and powertrain that is also better across power density, efficiency and cost metrics, compared to incumbents with rare-earths. Conifer’s in-wheel powertrains and NEMA compatible motors are designed to fuel the fast growing $200B electric mobility, agriculture, and industrial markets. They raised a $20M seed round last year, which is a good sign in a tough market for hardtech startups.Ankit Somani, CEO and Co-founder of Conifer, and a repeat entrepreneur and has raised $80M+ across his startups. Prior to Conifer, Ankit co-founded AllyO, an enterprise AI agent that served Fortune 500 companies like Walmart and Amazon. Following its acquisition by HireVue, he served as HireVue's Chief Product Officer. Previously, he was a part of Google’s Data Center R&D and Electrification teams, creating products that serve all of Google infrastructure.-----------Join the top climate CEO peer group in North America.Become an EFI Climate CEO Fellow — a confidential peer community for Series A to private equity-backed CEOs in climate tech and sustainability. Capped at 100 CEOs and investor mentors, representing $40B in market value or investment assets.👉 https://www.entrepreneursforimpact.comGet my 3-minute newsletter: Climate CEOsFor climate CEOs: 3 decisions each week in climate finance, strategy tools, and mindful leadership — based on work with 300+ climate CEOs and 25 years of meditation practice.👉 https://entrepreneursforimpact.substack.comLeave a podcast review to help others discover these guests.I don't take any sponsors, so this 30-second favor really helps lot. We need millions more people to get to work on profitable climate solutions. Thanks in advance!👉 https://ratethispodcast.com/guides/where-can-people-leave-podcast-reviewsAbout the host: Dr. Chris WeddingClimate CEO coach, investor, serial founder, board member, professor, and occasional monk. For more on climate tech startups and leadership, follow daily posts on LinkedIn:👉 https://www.linkedin.com/in/christopherwedding