A system for multi-Variable Flux Memory Motor (VFMM) configuration includes a set of VFMMs connected to one or more drivetrains, the set of VFMMs being configured to convert kinetic energy of the one or more drivetrains into electric power or vice-versa. The system includes a controller configured to selectively change a magnetization state of one or more VFMMs from the set of VFMMs based on power requirements. The system changes the magnetization state of the set of VFMMs based on an optimal magnetization configuration determined for each power requirement.