28
Dec
Electric Motor Start-up Foxtini Lands Multimillion Euro Deal from Arihant s.r.l. New Delhi (India), December 28: Foxtini, an electric motor engineering start up from New Delhi, one of the first companies in India to successfully commercialize the innovatory Axial Flux BLDC electric motor featuring state of the art soft magnetic composites. The company has designed a range of state-of-the-art electric motors for which they have bagged a multimillion Euro tech export order from an Italian Arihant s.r.l which manufactures non domestic cleaning machines. The European electric motor market is currently estimated at US$ 22.32B, growing healthily at a CAGR of 3.7%…
