#German_startup DeepDrive secured $33.5 million in its Series B funding round, led by Leitmotif, with participation from BMW i Ventures and co-pace GmbH, to develop and produce cost-effective, efficient dual rotor electric vehicle motors for major automakers. The company aims to reduce the number of magnets needed by 50%, decrease iron usage by 80%, save 50% in space, and cut production costs by 30%. These innovations could potentially increase range by 20% compared to current EV models or enable automakers to shrink batteries while maintaining the same range.
DeepDrive is a German startup specializing in the development of innovative electric vehicle motors. With a recent funding of $33.5 million from its Series B round, the company aims to produce efficient, cost-effective dual rotor electric vehicle motors for major automakers. Led by tech venture capital fund Leitmotif, the investment also includes fresh capital from existing investors such as BMW i-Ventures and co-pace, the venture capital arms of BMW and major auto supplier Continental. DeepDrive's unique dual rotor design allows for better utilization of the rotor's magnetic field, reducing the number of magnets needed by about 50%, using 80% less iron, and taking up half the space while costing 30% less to manufacture. This innovation promises a 20% increase in range compared to current EV models or enables automakers to reduce battery size to achieve the same range. With a focus on efficiency in electric motors, DeepDrive addresses the primary concerns of automakers regarding affordability and range, setting them apart in the competitive market.
Naman bhutra
Factacy.ai Congratulates and wishes them well.
#innovation #management #digitalmarketing #technology #creativity #futurism #startups
Founder at Proxima Centauri Motors
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