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.
Chief Executive and Economic Competitiveness Officer, President and Chairman of Michigan Strategic Fund
Past deals in Electric Vehicle
Rhythmos
Grant in 2025
Rhythmos.io specializes in analyzing electric vehicle (EV) charging data to optimize energy use and assist utilities in adapting to the growth of electric mobility. The company's platform offers a distribution system-optimized approach that improves asset management for utilities and electric vehicle fleets. By providing insights into the effects of EV load on the distribution grid, Rhythmos promotes transparency for utilities, fleet managers, and EV manufacturers. This transparency helps minimize the infrastructure investments needed for charging stations, which in turn supports the transition to electric vehicles while maintaining affordable electricity rates. Ultimately, Rhythmos contributes to the decarbonization of the power grid and enhances the overall electric mobility ecosystem.
Civilized Cycles
Grant in 2024
Civilized Cycles specializes in the manufacture of electric bicycles designed for comfort, utility, and safety. Their e-bikes feature an all-aluminum frame and a lightweight battery equipped with two USB ports for convenient charging. Engineered for diverse environments, these bicycles are suitable for city streets, dirt tracks, and suburban areas. They include waterproof integrated panniers and an automatic suspension system that adjusts at the touch of a button, enhancing both safety and comfort. Civilized Cycles aims to provide a quality riding experience that is both practical and environmentally friendly.
EV Thermal Flow Solutions
Grant in 2024
EV Thermal Flow Solutions focuses on developing advanced thermal management systems designed to enhance the performance of electric vehicles. The company addresses the evolving needs of the automotive and commercial vehicle sectors as they transition to electric power. By leveraging a modeling tool and a thermal scenario library, EV Thermal Flow Solutions automates decision-making regarding coolant flow, which allows clients to optimize battery cooling and improve cabin comfort for passengers. Their approach emphasizes integrated system solutions rather than solely new inventions, catering to the comprehensive requirements of the rapidly changing electric vehicle landscape.
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 a seamless charging experience through top-tier hardware and software, contributing to a cleaner environment.
Bedestrian
Grant in 2024
Bedestrian specializes in autonomous delivery solutions tailored for the healthcare and retail sectors. The company has developed a unique driverless vehicle system that includes a nimble lead vehicle and a modular, cost-effective trailer. These robots are equipped with a smart voice assistant and an optional temperature-controlled storage unit, allowing for the efficient delivery of various goods, including prescription medications, food, and packages. Additionally, Bedestrian offers a software platform called INFOBOTICS, which facilitates navigation, logistics, and effective human-machine interaction at both the point of use and point of sale. This innovative approach aims to streamline the delivery process and enhance operational efficiency for its clients.
Livaq
Grant in 2024
Livaq is a manufacturer of electric all-terrain vehicles (ATVs), designed to provide customers with an off-road travel experience. The company's products combine clean technology with a focus on sustainability, aiming to create a harmonious blend between nature and the thrill of adventure.
ORB Aerospace
Grant in 2024
Orb Aerospace, founded in 2017 and headquartered in Lowell, Michigan, is a manufacturing company dedicated to developing an innovative electric aircraft aimed at transforming the aviation sector. The company's aircraft is designed to address challenges posed by natural disasters and conflicts, featuring redundant propulsion and flight-critical systems for enhanced safety. It employs a combination of propulsion methods to facilitate both vertical and horizontal flight, and its modular wings can be tailored for specific missions and applications, ensuring maximum utility for clients. Through its advancements, Orb Aerospace seeks to contribute to safer and more efficient aerial solutions.
Modal Motors
Grant in 2024
We are Modal Motors, and we are raising for our Seed Round funding. We are a Michigan corporation spun-out from Veolectra, Inc. and have a patent-pending advanced electric motor technology that is ready for commercialization for e-Mobility applications, and we need funding to launch the prototyping phase for our early customers. Our patent-pending electric motor technology is unique and harvests all of the magnetic flux developed inside the electric motor enabling us to achieve the highest torque density and average efficiency direct drive motor on the market. Our motors will have the highest full speed range efficiency due to the fact that our motors do not require back irons for the magnets and are yokeless, which are the source of the highest losses for our competitors’ electric motors. Our motors can even be made without permanent magnets and can utilize aluminum coil windings instead of copper. Our motors are designed for manufacturing in the USA with low capital costs and low to no touch labor making them the most cost-effective solution for our customers and the mobility market. The modular and scalable architecture enables fully automated cell-based manufacturing that is also scalable as volumes and motor sizes increase. Our motor technology has been developed over the past 12 years with numerous prototypes designed, built and tested to bring us to the technological state that we are in today.
Voltpost
Grant in 2024
Voltpost is a company that transforms lampposts into smart electric vehicle (EV) charging stations, enhancing accessibility for users. By converting existing lampposts into a modular and upgradable Level 2 charging platform, Voltpost offers a convenient and affordable solution for EV charging. This innovative approach not only simplifies the charging process through a mobile app but also reduces the costs, time, and space typically associated with traditional charging stations. The company aims to accelerate electric vehicle adoption by providing scalable curbside charging options for cities and businesses, ultimately contributing to the decarbonization of mobility and facilitating greater access to charging infrastructure.
Lucid Motors
Grant in 2024
Lucid Motors Inc. is an automotive company that specializes in manufacturing electric vehicles. Founded in 2007 and headquartered in Menlo Park, California, the company aims to create cars that enhance the human experience by surpassing traditional limitations of space, performance, and intelligence. Lucid Motors, which was previously known as Atieva, Inc., changed its name in October 2016. The company operates a manufacturing plant in Casa Grande, Arizona, and has established strategic partnerships with battery manufacturers Samsung SDI and LG Chem to support its production efforts.
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 Autonomous Rail specializes in the manufacture of autonomous, zero-emission rail vehicles aimed at transforming freight transportation. The company produces electric cargo trains that operate autonomously, equipped with advanced sensors and vision systems to enhance safety. These vehicles are designed for use in specialized private railroads, such as those serving mines, manufacturing facilities, and ports. Intramotev’s technology offers a more efficient and cost-effective solution for moving materials compared to traditional diesel-electric locomotives and trucks. The electric drivetrains provide lower emissions, shorter stopping distances, and the ability to navigate steeper grades, making them a viable alternative for the rail and mining industries.
Evenergi
Grant in 2022
Evenergi is a software-as-a-service company and eMobility consultancy, driving towards a sustainable future.
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.
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 based in Ann Arbor, Michigan, and specializes in the development and manufacture of electric motor scooters aimed at urban commuters. The company produces all-electric maxi-scooters that are designed to be fast, fun, and affordable, offering zero-emission transportation solutions. These maxi-scooters can reach speeds of up to 70 MPH and have a range of up to 50 miles, charging conveniently from a standard 110V outlet in approximately five hours. Current Motor sells and services its products through a network of dealers and has formed a strategic partnership with Dakkota Integrated Systems. The company is supported by various investors, including BELLE Capital and the State of Michigan.
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