InductEV reviews

1.9

10% would recommend to a friend

(11 total reviews)

22% positive business outlook

Reviews by job title

11 reviews
1.0
May 11, 2023
Recommend
CEO approval
Business Outlook

Pros

Good PTO, which gives employees time to look for other jobs.

Cons

New management came in last summer and the company is dying a slow death. InductEV is way beyond the point of no return. All of the employees who were with the company prior to summer 2022 know that. But current management doesn't understand basic facts about the technology and the market and they will never get it. The engineering staff has been decimated through resignations and totally nonsensical terminations. The four patents that were just announced in a press release are from the original Momentum Dynamics (the name before becoming InductEV) team. All patents currently in progress are also from the original MD team. There will be no more innovation because the talent is gone. Period. That is the biggest problem IMHO. A company in the EV space that can't innovate is a dying company. All the AI stuff that is being shoved down our throats is foolish. How can AI get you where you want to be if you don't have new technology to deploy it with? Enough said. Don't let yourself be mislead into taking a job here.

1.0
Mar 10, 2023

ASK QUESTIONS!

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Prior to August 2022, this company had so much promise and life. Employees were innovative and helpful. Team mentality was pervasive and helped the technology grow.

Cons

Ask about the results of their latest employee satisfaction survey. Abysmal. Company underwent a major restructuring in August 2022 where the Board fired the founder and former CEO of the company, among other key employees. Since then, the company has gone downhill rapidly. Employees were told after a 50% reduction in force in the Fall 2022, that the company could now move forward and build a new ideology. Instead, employees were let go little by little after that until only a select few remained who had proved themselves useful to the Board, presumably. Management and the Board of Directors have no idea about the day-to-day operations of the company and don’t care to find out. Only the bottom line matters to them which has resulted in the obliteration of the once flourishing company culture. My advice: RUN don’t walk away from this company.

2.0
Feb 16, 2024
Recommend
CEO approval
Business Outlook

Pros

Some managers have been willing to dig in the trenches alongside their teams and really care about the product

Cons

company formerly known as Momentum Dynamics Corp. Several engineers who left or were let go were with the company for 6+ years, often working long hours or authoring designs that are used now, and took extended time before seeking new employment. Some managers were very good and will work alongside their employees. Unfortunately, many have had their hands tied around company culture outside of their team, as that is usually Hr's job. The company seemed to promote its first black employee after being in business for 12 years, and is currently engaged in a lawsuit over a host of civil rights allegations. That promoted employee resigned within a year of promotion.

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Glassdoor has 12 InductEV reviews submitted anonymously by InductEV employees. Read employee reviews and ratings on Glassdoor to decide if InductEV is right for you.