Monumo launches new Coventry office to strengthen regional automotive industry

Monumo, a pioneering start-up poised to transform electric motor technology, has recently established a new office at the University of Warwick Science Park, leveraging Coventry’s strong automotive industry connections.

Founded 18 months ago in Cambridge by Ian Murphy, Dominic Vergine, and Martin Frost CBE, Monumo is accelerating its research and development efforts after securing £10 million in investment. The new facility at Sovereign Court will host an expanding team dedicated to developing cutting-edge hardware including motors, electronics, and processors.

While maintaining its Cambridge headquarters for its software division, Monumo is set to revolutionize the development of high-performance electric motors using Machine Learning and AI technologies. These advancements aim to enhance efficiency across various metrics—cost, weight, recyclability, and energy consumption.

The company is currently engaged in advanced discussions with potential end-users and is on the brink of securing its initial contracts. Beyond the automotive sector, Monumo’s innovative technology will also be applied to other industrial applications, including pumps and air conditioning units.

Monumo President Ian Murphy said: “We are developing the hardware and software at this stage and, in about one year’s time, we will physically have something we can sell to industry.

“There is a clear and genuine need to improve the performance of electric motors, in every sense, and we are working with ML and AI to develop technology which can bring about cost and energy savings.

“There was a strategic need for us to come to this region and the fact that we could base ourselves at the University of Warwick Science Park is a major boost. There is a critical mass of businesses here in this region and that means we have potential customers on our doorstep but also the right skills base.

“Having links to the University of Warwick’s research capabilities and talent is very important too and we are looking forward to growing here as we seek further investment in around a year’s time.”

Mark Tock, Chief Operating Officer at the University of Warwick Science Park, said: “It is a real coup to attract companies like Monumo to the University of Warwick Science Park.

“The company is at the cutting edge of motor technology and really is aiming to revolutionise the industry.

“By being here, they have all of the support and benefits that being on the Science Park brings, they have the expertise of the University of Warwick including of WMG on their doorstep, and they have a pool of talent and potential client-base that no other area can offer.

“It is the perfect fit and we look forward to supporting Monumo on its very exciting journey in the coming months and years.”