Michigan Economic Development

The Michigan Economic Development Corporation (MEDC), established in 1999, is a public-private partnership agency based in Lansing, Michigan. It is dedicated to fostering economic growth and job creation across the state. The MEDC achieves this by offering a range of business assistance services and capital programs, including business attraction and acceleration, entrepreneurship support, talent enhancement initiatives, and urban and community development projects. Additionally, it promotes tourism, film, and digital media industries, as well as arts and cultural affairs, through various incentives and grants. The MEDC works with businesses, entrepreneurs, and communities both locally and globally to strengthen Michigan's economy.

Quentin Messer Jr.

Chief Executive and Economic Competitiveness Officer, President and Chairman of Michigan Strategic Fund

Past deals in Electric Vehicle

Rhythmos

Grant in 2025
Rhythmos is a technology company that develops an AI-driven data analytics platform for grid management and electric mobility. The platform analyzes EV charging data and supports utilities, fleet operators, and automakers by optimizing energy use, integrating distributed energy resources and EV charging capacity without costly infrastructure upgrades, and delivering insights into charging patterns and their impact on the grid. By enabling smoother adoption of electric vehicles, Rhythmos contributes to a decarbonized power grid and a more efficient electric mobility ecosystem.

Civilized Cycles

Grant in 2024
Civilized Cycles manufactures electric bicycles designed for urban commuting and off-road use. Their e-bikes feature an aluminum frame, a lightweight battery with USB ports, waterproof integrated panniers, and automatic suspension adjustment for optimal safety and comfort.

EV Thermal Flow Solutions

Grant in 2024
EV Thermal Flow Solutions specializes in developing thermal management systems to enhance the performance of electric vehicles. The company emerged from growing discussions in the automotive and commercial vehicle sectors regarding the need for integrated solutions to support the transition to electric vehicles. By leveraging a modeling tool and a comprehensive thermal scenario library, EV Thermal Flow Solutions automates decisions related to coolant flow. This system not only facilitates efficient battery cooling but also enhances cabin comfort for passengers, addressing the evolving demands of the industry as it pivots towards electrification.

Dunamis Charge

Grant in 2024
Dunamis Charge is a U.S.-based manufacturer specializing in electric vehicle (EV) charging stations. The company produces reliable, eco-friendly, and intelligent charging solutions suitable for diverse locations, from urban areas to rural communities. Their focus is on delivering American-made, sustainable products that contribute to a clean environment and provide a seamless charging experience for EV users.

Bedestrian

Grant in 2024
Bedestrian is a company that specializes in autonomous delivery solutions tailored for the healthcare and retail sectors. It develops an innovative driverless vehicle system that combines a nimble lead vehicle with a modular, cost-effective trailer. This system is designed to facilitate the delivery of various goods, including prescription drugs, food, and packages. Additionally, Bedestrian offers a software platform called INFOBOTICS, which enhances navigation and logistics while providing advanced human-machine interaction capabilities at both the point of use and the point of sale. The company's robots are equipped with storage capacity and feature a customized smart voice assistant, along with an optional temperature-controlled modular storage unit, ensuring efficient and hassle-free distribution.

Livaq

Grant in 2024
Livaq is a manufacturer specializing in electric all-terrain vehicles (ATVs). Their products aim to deliver an off-road adventure experience while promoting sustainability, as they are powered by eco-friendly technology. The company's design philosophy focuses on creating aesthetically pleasing vehicles that foster a connection between riders and nature, offering a blend of freedom, adrenaline, and clean technology.

Orb Aerospace

Grant in 2024
Founded in 2017, Orb Aerospace is a manufacturing company specializing in the development of electric aircraft. Its innovative designs aim to revolutionize the aviation sector by incorporating redundant propulsion systems and modular wings for diverse missions.

Modal Motors

Grant in 2024
Modal Motors is a Michigan-based advanced electric motor company focused on multi-phase transverse flux motors and integrated controllers for mobility and related applications. Emerging as a spin-out from Veolectra, the company has a patent-pending motor technology that harvests magnetic flux within the motor to deliver high torque density and strong overall efficiency in direct-drive configurations. Its yokeless design avoids back irons, enabling potential operation without permanent magnets and the use of aluminum windings instead of copper. The architecture supports modular, scalable manufacturing with automated cell-based production tailored for the United States, aiming for low capital requirements and minimal manual assembly. Developed over more than a decade, Modal Motors has produced numerous prototypes and tests to validate performance and manufacturability, and its offerings include motor and controller solutions with liquid cooling, self-fixturing parts, and inverter integration to serve mobility markets and other applications.

Voltpost

Grant in 2024
Voltpost is a company that transforms lampposts into smart electric vehicle charging stations, enhancing accessibility for users. By converting these lampposts into a modular and upgradable Level 2 EV charging platform, Voltpost provides a solution that is both convenient and affordable. This innovative platform is controlled via a mobile app, making it user-friendly. The company's approach not only accelerates electric vehicle adoption but also supports cities and businesses in developing scalable parking lots and curbside charging options. Voltpost's technology aims to reduce the costs, time, and physical footprint associated with traditional charging solutions, thereby democratizing access to electric vehicle charging and contributing to decarbonizing mobility.

Lucid Motors

Grant in 2024
Lucid Motors, established in 2007, specializes in manufacturing electric vehicles (EVs). Headquartered in Menlo Park, California, with a production facility in Casa Grande, Arizona, the company aims to create innovative EVs that transcend conventional limitations of space, performance, and intelligence. Lucid Motors has strategic partnerships with battery cell suppliers Samsung SDI and LG Chem to support its EV production.

Eaton - eMobility Business

Grant in 2023
Eaton - eMobility Business delivers electric vehicle solutions to passenger car, commercial vehicle and off-highway OEMs.

Intramotev

Grant in 2023
Intramotev designs and manufactures autonomous electric cargo trains for efficient freight transportation. Their vehicles operate autonomously using battery power, reducing emissions compared to diesel alternatives. They are designed to integrate seamlessly into existing rail systems, serving mines, manufacturing facilities, ports, and other specialized private railroads.

BorgWarner

Grant in 2023
BorgWarner is a global supplier of powertrain technologies and components for automotive manufacturers, including turbo and thermal management systems, drivetrain and powerdrive systems, and battery and charging solutions. The company develops technologies that improve fuel economy, emissions, and vehicle performance, aiming to reduce energy use and increase efficiency. With a worldwide manufacturing footprint, BorgWarner serves a diverse customer base and supports local operations. While historically focused on traditional combustion powertrains, the company is transitioning toward electric vehicle–oriented products and services to align with changing mobility trends. Revenue has been diversified across major automakers, reflecting exposure to key markets and demand for advanced propulsion and thermal solutions.

Workhorse Group

Grant in 2022
Workhorse Group is an American technology company based in Loveland, Ohio, specializing in the design and manufacture of battery-electric vehicles and aircraft. Founded in 2007, the company produces medium-duty trucks under the Workhorse brand and develops cloud-based telematics systems for fleet operators to enhance energy and route efficiency. Additionally, Workhorse Group offers the HorseFly delivery drone system, an octocopter-based UAV integrated with electric delivery trucks for efficient last-mile deliveries. The company's approach involves using automotive-grade parts and proprietary control software to build its battery-electric power trains.

Evenergi

Grant in 2022
Evenergi is a software-as-a-service company and eMobility consultancy, driving towards a sustainable future.

Amigo Mobility International

Grant in 2022
Amigo Mobility is a manufacturer of electric scooters for the healthcare, grocery, retail, and material handling industries. Their services include material handling equipment, motorized shopping carts and shopping wheelchairs, and mobility solutions for markets, healthcare, retail, grocery, and industrial.

Current Motor

Series A in 2011
Current Motor Company is an Ann Arbor, Michigan-based manufacturer specializing in electric motor scooters designed for urban commuters. The company develops and produces all-electric maxi-scooters that are zero-emission and environmentally friendly, catering to the growing demand for sustainable transportation solutions. Current Motor's scooters can reach speeds of up to 70 MPH and offer a range of approximately 50 miles on a single charge, utilizing standard household outlets for recharging. The company has established a strategic partnership with Dakkota Integrated Systems and sells its products through a network of dealers. In addition to scooters, Current Motor also manufactures electric hub motors and solar charging stations, further enhancing its commitment to energy-independent transportation options.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.