Silicon Canals
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
No Result
View All Result
Silicon Canals
No Result
View All Result

Germany-based DeepDrive bags €15M to develop ‘revolutionary’ drive units for EVs

Vishal Singh by Vishal Singh
March 21, 2023
in (Crowd)funding, News
DeepDrive

The founding team of Deepdrive | Image credit: DeepDrive

22
SHARES
LinkedInTwitterWhatsAppFacebook

Munich-based DeepDrive, a high-tech company that claims to offer revolutionary drive units for electric vehicles, announced on Tuesday that it has raised €15M in a Series A round of funding.

The round was co-led by top mobility investors BMW i Ventures and co-pace GmbH.

- Partner content -
HR
Most important HR trends of 2023
HR has a lot of challenges to face in 2023. Find out what they are and how to deal with...Show More
HR has a lot of challenges to face in 2023. Find out what they are and how to deal with them. Show Less
Read more

“We would like to express our deepest gratitude to our new and existing investors and business angels for believing in our vision and supporting our technology’s immense potential. We are committed to delivering exceptional results,” says the company in a LinkedIn post.

The startup is also supported by investors such as UVC Partners and Bayern Kapital. Additional investors include industry veteran Dr Peter Mertens (former board member and CTO of Audi and Volvo) and startup executive Jonas Rieke (COO of Personio).

“Rethinking electric mobility”

Founded in 2021, DeepDrive offers drive units for electric vehicles. A drive unit is a mechanical actuation system that converts electrical or hydraulic power into mechanical motion (often rotating). 

The company says its patented DeepDrive Dual Rotor technology extends car range by up to 20 per cent while lowering costs considerably, allowing the next wave of cheaper, more sustainable EVs.

DeepDrive’s drive units are small and torque dense, and can be incorporated into the wheels or used as a conventional central drive. They are designed for low-cost and large-scale manufacturing, while also providing optimum speed and efficiency. 

Currently, the startup is working on different research projects with eight of the top 10 automakers and are on schedule to bring the DeepDrive Dual Rotor to the market in large-scale series production by 2026.

DeepDrive says, “Over the past two years, we have been able to validate our groundbreaking drive technology and gained interest from most of the top automotive companies. But this is only the starting point.”

“Our goal is to introduce a new standard in the mobility industry, making it more sustainable with our radically innovative electric drive unit. Now we fully focus on industrialising our technology and securing first series commitments.”

DeepDrive’s team consists of over 30 specialists with expertise from top car companies. 

Its founders include Dr.-Ing. Alexander Rosen, Christopher Römmelmayer, Dean Petrovski, Felix Pörnbacher, Markus Domme, Maximilian Habersbrunner, and Stefan Ender.

 - Partner content -
How to improve your open source security?
How to improve your open source security?
Follow these three steps and get on the path to stronger security practices.Show More
Follow these three steps and get on the path to stronger security practices.Show Less
Read more
Tags: Electric vehiclesfundingnews
Share2Tweet6SendShare9

Featured | Tech Events

Current Month

june, 2023

Current Month

november, 2023

Advertise with us | Schedule meeting

Thank you for visiting Silicon Canals! If you want to advertise with us, schedule a meeting.

Silicon Canals | Jobs


Partner content | Work with us

Platform for creatives: How Creative Fabrica is combining graphics and AI to bring creators together

ExCulture and Plense Technologies winners of the Philips Innovation Award 2023

Meet Techleap.nl’s Ingrid Tappin, the champion of Dutch tech ecosystem’s diversity and inclusion efforts

Breaking news from Amsterdam | Partner

Amsterdam’s Dayrize raises €4M to help assess environmental & social effects of consumer goods

Amsterdam’s Rubio Impact Ventures and StartLife unite to foster impactful agrifood startups; here’s how

Amsterdam-based WPCS raises funds to transform WordPress into a scalable WaaS and SaaS platform

  • About Silicon Canals
  • Partner with Silicon Canals
  • Impressum
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
X
X