Faraday Dynamics, a company specializing in the production of servo motors used in industries requiring precision control, such as robotics, announced on the 25th that it has secured seed investment from POSTECH Holdings, Bigbang Angels, and Kingo Spring. The investment amount was not disclosed.
Faraday Dynamics is a startup founded in 2020 by CEO Jang Han-deut, who holds a Ph.D. from Osaka University in Japan and KAIST and is currently a professor in the Department of Mechanical Engineering at Incheon National University. Recognizing that the development of motors capable of precise speed and direction control is crucial for realizing the vision of creating robots that enrich human life, CEO Jang ventured into servo motor production.
The domestic servo motor market is currently dominated by global companies from Switzerland, Japan, and the United States, with Chinese products also making inroads due to their low prices. Sensing the challenges in this landscape, CEO Jang identified a lack of high-density, high-torque motors—essential for servo motors—and decided to develop them himself.
Unlike traditional servo motors that use silicon-iron cores, Faraday Dynamics’ servo motors are based on cobalt-iron magnets and employ technologies that concentrate magnetic fields in specific directions, achieving high density and high torque. Conventional motors from other companies often prioritize speed over torque, requiring high-rigidity reducers to achieve higher torque. This has led to control failures in hazardous situations, endangering workers. In this context, Faraday Dynamics’ high-density, high-torque motors are expected to play a critical role in the widespread adoption of robotics.
POSTECH Holdings, one of the investors, stated, “Faraday is a startup that was selected last year for POSCO’s Idea Marketplace, overcoming a competition ratio of nearly 200:1. We highly value Faraday Dynamics’ vision of achieving technological independence by mass-producing domestic motors in a market dominated by global players like Switzerland’s Maxon.”
They added, “The fact that Faraday’s motors achieve significantly higher torque levels compared to other global motor companies, combined with CEO Jang Han-deut’s deep expertise in robotics and motors and his relentless drive for commercialization, were key factors in our decision to invest.”
CEO Jang Han-deut commented, “While the functionality and technology of our products have been realized for some time, we had not yet reached a stage where mass production was feasible. With this investment, we aim to further advance our technology, establish a foundation for mass production, and significantly reduce unit costs to become a motor and robotics company capable of entering the global market.”
Meanwhile, Faraday Dynamics was selected for Samsung Electronics’ external startup incubation program, C-Lab Outside, in February and is currently in discussions with Samsung Electronics for potential collaboration.