This article provides an in-depth analysis of 10 new power electronics companies that enhance the industry with innovative technologies and specialized applications. These companies offer low-core loss electrical components, quantum technology platforms, and micro-electric powertrains. Each company drives progress in its respective domain and highlights diverse and expanding applications of power electronics in automotive, robotics, and high-performance computing (HPC). We updated this report 5 days ago. Notice something’s off? Let’s make it right together — reach out!
Continue reading to gain up-to-date and data-driven insights on:
- Profiles of 10 Emerging Power Electronics Companies
- How to Scout the Best Power Electronics Solutions Easily
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the power electronics industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Current Power Electronics Trends: The current power electronics trends include smart manufacturing, photonics, energy management systems (EMS), cooling systems, and superconductors.
- Power Electronics Industry Stats: The global power electronics industry encompasses 12.3K+ organizations and has a massive 261.5K workforce. It is experiencing a dip of 1.38% in annual growth rate but has seen the emergence of 1K+ new power electronics companies in the past five years. Each of these companies employs about 67 people.
- 10 New Power Electronics Companies to Watch:
- CM Materials – Low-Core Loss Electrical Components
- DVB-TECH – RF & Microwave Power Amplifiers
- Bimotal – Micro-Electric Powertrains
- HBN Technology – Electric Vehicle (EV) Conversion & Production Kit
- Benedex – Power Distribution System
- Eta Electronics – Wireless Power Transfer
- Wise Integration – Integrated GaN Circuits
- Entuple E-Mobility – Electric Powertrains & Turbo Chargers
- EFALKE – Electric Drivetrains
- Thermalytica – Thermal Insulation Materials
Discover 10 out of 1K+ Emerging Power Electronics Companies
In this section, we highlight 10 new power electronics companies that offer EV conversion and production kits, mobile robot platforms, die-to-die interconnects, and more. These entities leverage smart technologies to enhance energy efficiency, operational performance, and scalability. Read on to explore all the power electronics solutions.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. CM Materials
- Founding Year: 2021
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very Strong
- What they do: CM Materials develops advanced electrical components using soft magnetic materials with high magnetic induction properties. These components feature low core loss and enhance efficiency and reliability in electrical systems. The high magnetic flux density also allows the components to integrate more power for space-constrained applications. The company’s magnetic core, CleanMag, provides lightweight inductor solutions for power applications such as data centers, industrial automation, EVs, and solar inverters. Its CleanLam steel lamination features a thin lamination stack to reduce eddy loss in the rotor and stator stack, enabling more efficient motors and generators.
2. DVB-TECH
- Founding Year: 2019
- Employee Range: 11-50
- Location: Italy
- Signal Strength: Strong
- What they do: DVB-TECH manufactures high-power radio frequency (RF) and microwave power amplifiers. Its air and liquid-cooled amplifiers utilize commercial off-the-shelf (COTS) components. These amplifiers’ power ranges from tens of watts to hundreds of kilowatts and covers frequencies from high frequency (HF) to K-above (Ka) band. The company’s continuous wave (CW) and pulsed amplifiers enhance radar system performance, safeguard military assets, and support high-speed satellite communications (SATCOM). These solutions also benefit medical devices like magnetic resonance imaging (MRI) scanners and ultrasound systems.
3. Bimotal
- Founding Year: 2019
- Employee Range: 11-50
- Location: USA
- Signal Strength: Very Strong
- What they do: Bimotal builds micro-electric powertrains for multimodal bikes. These powertrains use drive inverters and battery management systems (BMS) to enhance performance and reliability. The company also incorporates modular motor and battery systems to facilitate upgrades without replacing the entire bike. Further, the integration of closed-loop data logging and wireless connectivity enables over-the-air (OTA) updates and fleet analytics. These powertrains enable more torque per weight with less heat dissipation and high efficiency.
4. HBN Technology
- Founding Year: 2020
- Employee Range: 2-10
- Location: Turkey
- Signal Strength: Very Strong
- What they do: HBN Technology offers its HBN Technology 6-in-1 ePowertrain, an integrated electric vehicle conversion and production kit. This powertrain combines an engine control unit, motor, reducer, and on-board charger. In addition, it uses a direct current-direct current (DC-DC) converter, vehicle control and monitoring unit, battery, and BMS structures. The kit enables easy conversion of new or existing fossil fuel vehicles to fully electric operation without preliminary work. This accelerates the electric car construction or conversion process and is suitable for commercial vehicles.
5. Benedex
- Founding Year: 2019
- Employee Range: 2-10
- Location: UK
- Signal Strength: Medium
- What they do: Benedex provides Modular Mobility, a mobile robot system. Its power management system distributes power to components like sensors, lights, and robotic arms. In addition, Modular Mobility’s wheel controllers feature integrated power management, built-in diagnostics, and thermal control to increase safety and performance. These features enable logistics, materials handling, agriculture, and healthcare companies to accelerate time-to-market and reduce costs for their mobile robots.
6. Eta Electronics
- Founding Year: 2019
- Employee Range: 11-50
- Location: South Korea
- Signal Strength: Very Strong
- What they do: Eta Electronics develops wireless power transfer technology. Its CT-200, DT-800, and DT-3000 models feature high power efficiency and charges from direct current (DC). These products utilize mutual inductance tracking for optimal performance. Moreover, their safety features include real-time overvoltage protection (OVP), overcurrent protection (OCP), and overtemperature protection (OTP) algorithms, as well as AI-based foreign object detection. The company’s technology finds application in wireless charging for the mobility and robotics sectors.
7. Wise Integration
- Founding Year: 2020
- Employee Range: 11-50
- Location: France
- Signal Strength: Very Strong
- What they do: Wise Integration makes ultra-slim and compact gallium nitride (GaN) converters. WiseGan is a 650V GaN-integrated circuit that combines power electronics functions into a single GaN chip. It features a -20V/10V transient tolerant gate drive and reverses current capability with zero reverse recovery loss. The company’s WiseWare is a digital controller embedded in a 32-bit microcontroller unit (MCU). It works with WiseGan to improve system performance and includes synchronous rectification control for high efficiency. These converters serve consumer electronics, e-mobility, robotics, and data centers.
8. Entuple E-Mobility
- Founding Year: 2019
- Employee Range: 11-50
- Location: India
- Signal Strength: Very Strong
- What they do: Entuple E-Mobility uses electromagnetics, power electronics, and embedded systems to build electric powertrains and turbochargers. The company’s products include integrated traction motors, such as hub motors, mid-drive, and heavy-duty motors, for low and high-voltage applications. These motors and controllers maximize efficiency to enhance the range and ensure reliability for varied drive conditions. The products also integrate control algorithms, IoT capabilities, and telematics. The company’s ultra-high-speed chargers complement its powertrain solutions and support the electric mobility industry.
9. EFalke
- Founding Year: 2022
- Employee Range: 11-50
- Location: Switzerland
- Signal Strength: Medium Strong
- What they do: EFalke builds electric drivetrains featuring a 400-horsepower motor designed for boat fleets. These drivetrains support inboard, outboard, and sterndrive setups. The multi-motor drivetrains scale from 400 to 5000 horsepower and feature AI-controlled electronic control units (ECU) for optimized power-sharing at variable speeds. They also incorporate hybrid solutions, including solar and hydrogen fuel cells, to reduce environmental impact and operating costs. With real-time optimization, smart controllers and motors maximize power and performance to extend battery life and improve vessel productivity.
10. Thermalytica
- Founding Year: 2021
- Employee Range: 11-50
- Location: Japan
- Signal Strength: Very Strong
- What they do: Thermalytica creates ultra-high-performance thermal insulation materials with its ultra-high temperature thermal barrier coating (TBC) technology. The company’s Thermal Insulation Inflatable-Solid-Air (TIISA) provides insulation, water resistance, and non-flammability for liquid hydrogen storage and transportation. TIISA particles and powders enhance energy efficiency, sound absorption, and environmental friendliness. The company’s TIISA-based paint and sheets also optimize thermal management in EV batteries and hydrogen combustion.
Quick Tip to Find New Power Electronics Companies
Utilizing a SaaS platform like the Discovery Platform for identifying top power electronics companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying power electronics innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the power electronics industry. The platform keeps you informed with near real-time updates on emerging power electronics companies and news, enabling you to make swift and informed decisions.
- Precise Scouting: Customize your search to focus on specific niches within the power electronics sector, such as thermal insulation materials, die-to-die integrated GaN circuits, or microwave power amplifiers. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All New Power Electronics Companies?
This overview highlights just a few power electronics solutions from all 1K+ new companies currently covered by the Discovery Platform. To explore them all, book a personalized demo or download one of our free Industry Innovation Reports for a quick overview. We seek partnerships with industry experts to deliver actionable insights into startups and tech. Interested? Let us know!
