HAMILTON, ONTARIO -- Enedym Inc. (“Enedym”), a technology company that develops next generation switched reluctance motors (SRMs), electric powertrains, and powertrain controls, announced an investment from Honda Motor Co., Ltd. (“Honda”). Honda invests in innovative startups through its global open innovation program, Honda Xcelerator Ventures. The new investment will be used to accelerate Enedym’s patented motor technology development and ramp up its operations.

Enedym is headquartered at the McMaster Innovation Park in Hamilton, Ontario, Canada. Enedym has ownership of over 70 patents and pending patent applications and related inventions developed by the Canada Excellence Research Chair Laureate Dr. Ali Emadi and his research group at the McMaster Automotive Resource Centre (MARC), McMaster University. The Company is focused on the development of electric motors completely free from any rare earth metals. The Enedym team has also developed a disruptive digitization platform to design electric motors at a fraction of both the time and cost of existing methods.

Dr. Ali Emadi, Founder, President, and CEO of Enedym commented, “At Enedym, we have redefined what switched reluctance motors can do. Through proprietary motor configurations, cutting-edge control strategies, and comprehensive design optimization, we have overcome the traditional limitations of SRMs. Our high-performance motors are quiet, efficient, powerful, and scalable.” Dr. Emadi added, “We are very pleased that Honda sees the potential of our motor technology. We are excited to deepen our partnership with Honda and welcome them as our strategic investor.”

“Enedym has an innovative switched reluctance motor technology that does not require any rare earth materials. Most electric propulsion motors today use permanent magnets made from rare earth metals, which are expensive and environmentally challenging. Enedym motors do not use any permanent magnets, and Honda has high hopes for its potential,” said Manabu Ozawa, Managing Executive Officer of Honda Motor Co., Ltd.