Modal Motors
PrivateLast Round
Seed
Oct 19, 2026
Total Funding Raised
$2.31M
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Modal Motors operates in Frontier & Industrial Tech and is based in Farmington Hills, Michigan. Its latest recorded funding round was a Grant round in March 2026.
Modal Motors is an industrial manufacturing company that designs and produces high-torque, non-rare-earth electric motors for mobility, robotics, and defense applications.
Sector
Frontier & Industrial Tech
Verticals
Electric Vehicles, Smart Manufacturing, Defense Tech, Industrial Robotics
Business Model
B2B
Customer Profile
Hardware Sales
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Modal Motors Comparables
Compare Modal Motors with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Conifer | 85% | |
| Torev Motors | 84% | |
| Linear Labs | 80% |
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Modal Motors Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed | Oct 19, 2026 | ||||
| Seed | Apr 17, 2026 | ||||
| Grant | Mar 11, 2026 | ||||
| Seed | Nov 4, 2025 | ||||
| Grant | Sep 26, 2025 | ||||
Grant | Sep 23, 2025 |
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Modal Motors Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Michigan Office of Future Mobility and Electrification | Grant |
| Ann Arbor SPARK | Seed, Grant |
| Centrepolis Accelerator | Seed, Grant, Accelerator |
| Michigan Capital Network | Seed |
| Michigan Economic Development Corporation | Seed |
| Department of Energy | Grant |
Market signals
Structured signals derived from secondary market and firmographic data.
- Nov 2, 2026
Open roles increased to 4, 50% of headcount.
- Oct 19, 2026
$1M round completed.
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Recent news
Latest coverage and updates
- is_developingSep 24, 2026
Modal Motors, Inc. is currently developing small, lightweight electric motors without rare earth magnets for drones, fans, and robots.
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Modal Motors Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Modal Motors's valuation, stock price, and market status.
Is Modal Motors a public or private company?
Modal Motors is a private company.
What is the current stock price of Modal Motors?
Modal Motors is a private company, so its shares have no public market price. Caplight tracks Modal Motors's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Modal Motors worth (valuation)?
Valuation information for Modal Motors is not publicly available.
Can I buy Modal Motors stock?
Modal Motors shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Modal Motors's last funding round?
Modal Motors's most recent funding round was Seed on October 19, 2026.
Who are the main investors in Modal Motors?
Key investors in Modal Motors include Michigan Office of Future Mobility and Electrification, Ann Arbor SPARK, Centrepolis Accelerator, Michigan Capital Network, Michigan Economic Development Corporation.
Will Modal Motors IPO soon?
No public IPO plans have been announced for Modal Motors.
How can I track Modal Motors secondary market activity?
Caplight tracks bids, offers, and trades in Modal Motors's shares on secondary markets.