Automotive technology company Protean Electric has completed a $40m equity investment as the initial closing of its Series E funding round. The investor group is led by Weifu High-Technology Group, a leading diversified automotive ...
Protean Electric announced that it received $70m in new funding from GO Scale Capital, Zhejiang VIE Science & Technology Co. Ltd., and Tianjin THSG Corporation. The investment follows Protean's announcement in May that the Company is ...
Tags: Protean Electric, in-wheel motors
Protean Electric has collaborated with US-based SKF to supply components for the company's in-wheel electric drive system, which is scheduled to start production by 2013 in Liyang China. The companies have inked a five year agreement on ...
Protean Electric,a producer of in-wheel electric drive systems,has secured$84m in new funding for its in-wheel electric drive from GSR Ventures,New Times group,Oak Investment Partners and the city of Liyang,Jiangsu Province,China. The ...