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Funding Round Profile

Monumo

start up
United Kingdom - Cambridge
  • 26/02/2024
  • Seed
  • $13,303,174

Monumo is a deeptech engineering company focused on creating the world's best electric motors.

Monumo was born from a desire to move the world to a sustainable future.

Electric motors currently consume half of the world’s electricity; our mission is to improve the efficiency of these motors in a way that has never been possible before and in doing so help all of us use precious resources in a more sustainable way.

We have brought together engineers, data scientists, physicists, deep-tech experts and entrepreneurs who believe in the journey of electrification, whilst at the same time developing more sustainable technologies to help achieve it.


Our Values:

Curious
Monumo’s culture is both open-minded and inquisitive, striving to remove bias from every aspect of our business, our thinking and our technology. Have we asked the right questions? How much better could it be? Is there another way to look at this? What if…?

Different
Fuelled by our desire to break new ground and motivated by the relevance and complexity of the challenge ahead, there is a palpable determination in our growing team. It’s the rare combination of talent, creativity and meaningful purpose that makes Monumo a rather special place to work.

Responsible
We are driven by our purpose: to move the world to a sustainable future by using deeptech to create the world’s best electric motors. When it comes to the work each of us does—its contribution and impact—we encourage autonomy, and that comes with obligations too. Responsibility, accountability, and a duty of care are pre-requisites to the contribution we make and the impact we have, collectively and individually.

Determined
Fuelled by our desire to break new ground and motivated by the relevance and complexity of the challenge, there is a palpable determination in our growing team. It is an uplifting characteristic of Monumo—tireless in pursuit, unerring in focus, but always balanced.


Related People

Dominic VergineFounder

Dominic Vergine United Kingdom - Cambridge, England

PURPOSE: My career has revolved around new ideas, technologies and partnerships and hopefully try to ensure that they do some good. AI is the most powerful tool that we have ever made. We should be applying it to the immense global challenges we face in the real world. Starting with the climate crisis.

MONUMO: We are building a highly experienced and multi-disciplinary team to create a company of real value (in every sense). Clean energy and transportation relies on deep understanding of electromagnetics. We are utilising the latest advances in AI to create new more sustainable, efficient designs and prototypes for both electric motors and generators.

ROLES: Over 25 years, I've been instrumental in founding four businesses, a social enterprise and a charity. One business failed, whilst the other five have each run for over ten years and are all still operational today.

PEOPLE FIRST: Having the right team and developing lasting partnerships is fundamental to success. As a leader, I trust and respect the people in my teams and give them the autonomy necessary to make swift progress. See my Recommendations Section for what it's like to work with me!

TECH FOR GOOD: In 2009 I visited Arm (the world's leading silicon chip designer) and pitched a Tech for Good role to the leadership team. I was hired and built the sustainability function which ultimately became a new global platform for the CEO both internally and externally. I delivered presentations where I raised awareness of the role and opportunity for the tech sector in international development and in relation to the 17 UN Sustainable Development Goals (The Global Goals) at events including WEF Davos and the UN General Assembly

2030VISION: In 2016 I created 2030Vision, an initiative designed to rally the tech sector behind the Global Goals. I brought in UN agencies and charities as founding partners to anchor the initiative with real need and credibility before inviting companies to join. Antonio Guterres gave us a quote giving his support and Sir David Attenborough spoke for us and attended two of our events. Companies including Microsoft, Cisco, UBS, Softbank, Samsung, Salesforce, Google, McKinsey joined and followed Arm's lead. 2030Vision is now part of the World Economic Forum and chaired by Achim Steiner of UNDP and Simon Segars of Arm.

CONTACT ME! Would you like to be part of our mission at Monumo to make a positive impact on the climate crisis? Please get in touch with me at dominic.vergine@monumo.com and take a look at our Monumo LinkedIn company page which features current job openings.