Adrian Johnson
TLDR:
- Monumo is using AI and ML technologies to reinvent electric motors for sustainability in the automotive industry.
- The company has raised £10.5M in seed funding and is focused on the EV market.
Monumo, led by CEO and Founder Dominic Vergine, is utilizing cutting-edge technology to revolutionize electric motors, particularly for electric vehicles (EVs). With a background in sustainability, Vergine saw the need for complex solutions to match the sustainability challenges facing the world. By harnessing the power of AI and ML, Monumo is able to design next-generation EV motor systems that are more efficient and sustainable. The company’s platform runs millions of simulations daily to optimize motor designs and cater to specific use-cases, such as reducing costs or enhancing sustainability.
Since its launch in 2021, Monumo has focused on the EV market, specifically refining system-level motor design. With a team of 28, including PhD engineers, the company has made significant progress in creating optimal electric motor designs at a faster pace than traditional methods. Monumo’s working culture emphasizes collaboration, diversity, and continuous learning, with a multinational team bringing varied expertise to the table.
Challenges for Monumo include navigating legal issues around AI technology and addressing the need for sustainable and affordable motor systems in the EV market. Looking to the future, Monumo aims to expand its technology to other industries and continue innovating in complex engineering problems. Dominic Vergine advises fellow founders to focus on a specific market before branching out and emphasizes the importance of tenacity and healthy living habits in his daily routine.
