C-Motive Technologies, a high-tech electric motor company, announced today it has raised $2 million in its latest financing round.

According to a release, the financing will enable the company to launch its first product for initial customers. The round was led by Prime Impact Fund of Boston, with other investors including Clean Energy Trust of Chicago.

Instead of magnetism, C-Motive’s electric motors use “electrostatics” to deliver more than twice the power at half the weight.

Last year, C-Motive raised $750,000 in a round led by two angel investors from the Madison region.