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New Delhi Tech Start-up Foxtini wows the European Market

New Delhi [India], December 27 (ANI/PNN): Foxtini, an electric motor engineering start-up from New Delhi, is one of the first companies in India to successfully commercialize the innovatory Axial Flux BLDC electric motor featuring state-of-the-art soft magnetic composites. The company has designed a range of state-of-the-art electric motors for which they have bagged a multimillion Euro tech export order from an Italian Arihant s.r.l which manufactures non domestic cleaning machines. The European electric motor market is currently estimated at USD 22.32B, growing healthily at a CAGR of 3.7 per cent since 2016. Also, the growing awareness among the end-user verticals in relation to eco-conscious living is accelerating the demand for electric-driven machineries, for household and industrial usage. According to Founders of Foxtini "We, at our company are elated to announce that we have acquired a multimillion Euro deal with Arihant s.r.l an Italian engineering company, based in Turin

Saietta Group e-drive growth potential is off the Richter scale (LON:SED)

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