December 4, 2019
Magment, Purdue to pursue electric transportation pilot projects at Discovery Park District
Germany-based electric vehicle leader Magment to collaborate with Purdue University to advance micro-mobility scooters, autonomous electric utility vehicles and other electric vehicle technologies
WEST LAFAYETTE, Ind. - Magment Concrete Wireless Power and Purdue University officials announced Wednesday (Dec. 4) an innovation partnership to advance electric transportation pilots at Purdue’s Discovery Park.
Magment and Purdue University researchers in the Joint Transportation Research Program will be working on several test cases including micro-mobility scooters, autonomous electric utility vehicle equipment and robotic shop floor delivery systems.
“Purdue is the ultimate place to advance innovation,” Magment CEO Mauricio Esguerra said. “For a company like Magment to collaborate with so many experts in the many different areas of research at Purdue is incredible. We have only scratched the surface of what is possible.”
Magment is developing magnetized cement that can repower electric vehicles more efficiently that traditional charging systems. The growth of electric transportation systems – in both consumer and industrial applications – demands faster and lower-cost solutions.
“We are excited to work with the Magment team on the evaluation of e-scooter wireless charging technology,” said Darcy Bullock, the Lyles Family Professor of Civil Engineering and Joint Transportation Research Program director at Purdue. “In addition to reducing reliance on fossil fuel vehicles picking up e-scooters for charging, we view this pilot as a critical step in understanding how this technology can be scaled for use on larger electric vehicles.”
Magment is one of 10 companies included in the Heritage Group Accelerator Powered by Techstars, a three-month investment, mentorship and collaboration program in Indianapolis.
“Purdue has been an ideal partner to help advance all of the hard-tech startups in the program,” said Jonathan Schalliol, director of new ventures for the Heritage Group. “The startups and we have been impressed by both the technical knowledge brought by Purdue and the commitment to make real forward progress.”
“We have been impressed with the progress of Discovery Park and are excited to have Magment help Purdue researchers and students make a powerful impact on Indiana and the global stage,” said Micah Vincent, vice president of strategy + M&A for the Heritage Group. “Advancing electric transportation is an important strategic goal for the way people and goods sustainably move in the economy.”
Discovery Park is an innovation area on the Purdue campus focused on advancing impactful interdisciplinary research and next-generation technologies in collaboration with others. Discovery Park is adjacent to Discovery Park District, a $1 billion-plus, 400-acre area that will transform the western edge of the Purdue University campus. The district’s 145,000-square-foot, five-story mixed-use building, called the Convergence Center, connects Purdue research, industry, investors, and innovative ideas with commercial impact through collaborative research, licensing and startup creation to private enterprise.
“One of our goals is to establish Discovery Park as a ‘test bed’ for collaborating with innovators on new and exciting technologies,’ said David Broecker, chief innovation and collaboration officer of the Purdue Research Foundation. “The Magment collaboration enables Purdue to be one of the first places to work with this highly innovative technology.”
For information on Purdue University collaboration opportunities, visit Purdue Research and Partnerships.
Magment combines magnetic material development with electronic devices, making power conversion and wireless charging more efficient, reliable and economical. Magment provides low-cost modules for renewable energy, battery storage and backup inverters, induction cooking appliances and wireless charging applications for electric vehicles (EVs). Our main products currently are robust on-ground and in-ground EV stationary and dynamic charging pads; inductive charging, easy-to install-retrofit kits for existing EV charging stations; and inductive/conductive charging systems. The modules are based on conventional casting of patented magnetizable concrete. The wireless charging products have already generated huge interest from strategic customers and international standardization bodies. Besides our running projects with electric cars, forklifts, e-taxis, e-buses and trams, we work on solutions for upcoming transport systems like, hyperloops, flying cars, autonomous pods, delivery drones, e-boats, water taxis and electric planes.
About the Heritage Group Accelerator Powered by Techstars
The Heritage Group Accelerator Powered by Techstars supports companies seeking to disrupt existing markets by pioneering the next generation of solutions that serve our core business needs. The modernization of legacy enterprise creates massive potential for value creation along the intersections of materials science, specialty chemicals, remediation methodology, energy production and systems automation. The accelerator is located at The Center in Indianapolis.
About Discovery Park District
The $1 billion-plus Discovery Park District is a transformational center of innovation on the western edge of the Purdue University campus. The more than 400-acre district offers a thriving, walkable, urban setting that provides a unique opportunity to collaborate with thought leaders, visionaries, researchers and students at Purdue University. The district includes laboratories, advanced manufacturing facilities, offices, retail shops, restaurants, housing, green space and trails. Managed by the Purdue Research Foundation and its master planning partner, Browning Investments LLC, the district already includes a public airport with a 7,000-foot runway and international companies including Rolls-Royce, Schweitzer Engineering Laboratories and Saab. For more information, visit Discovery Park District.
Rafael Acevedo Daunas, firstname.lastname@example.org
Darcy Bullock email@example.com
Micah Vincent, firstname.lastname@example.org
David Broecker, email@example.com
Cynthia Sequin, Purdue Research Foundation, firstname.lastname@example.org