BMW i Ventures introduced a co-lead funding within the $16.1M Collection A spherical for startup DeepDrive. DeepDrive has developed a price and useful resource environment friendly dual-rotor motor, extending the vary of electrical automobiles.
Different buyers embrace UVC Companions, Bayern Kapital with Wachstumsfonds Bayern, and Continental’s Company Enterprise Capital Unit. The corporate can be backed by famend automotive supervisor Dr. Peter Mertens.
The radial flux dual-rotor electrical motor consists of energy electronics and might be put in in any automobile as a central drive or as an in-wheel drive. The patented expertise will increase the vary of automobiles, achieves excessive torque density, is cost-efficient to fabricate and requires fewer pure sources; in flip, lowering environmental influence.
“With its patented and distinctive e-motor structure, DeepDrive may set new requirements for e-mobility,” stated Marcus Behrendt, Managing Director at BMW i Ventures. “The extremely environment friendly e-motors supply main benefits when it comes to weight, value and area. They permit the subsequent technology of environment friendly and resource-saving electrical automobiles. DeepDrive’s e-motor expertise is designed for straightforward and cost-effective mass manufacturing. We’re happy that our involvement might help this new expertise obtain a breakthrough.”
The DeepDrive crew is working with eight of the highest ten OEMs and is on monitor to convey its expertise to manufacturing by 2026. Co-founder and CEO Felix Pörnbacher stated: “We consider our expertise will revolutionize automobile electrification. With our dual-rotor expertise, we’re considerably more cost effective and environment friendly on the highway, shaping tomorrow’s electromobility. The demand for our growth exhibits that we’re heading in the right direction. We want to thank BMW i Ventures, Continental’s company enterprise capital unit, and the opposite buyers for his or her confidence.”
With the recent capital, the corporate plans to begin manufacturing its motors, enhance its headcount to answer the excessive demand from OEM clients and win first sequence commitments.
Mar 23, 2023