BMW-backed DeepDrive raises 30M to industrialise ultra-efficient EV motor
Briefly

"We believe in a collaborative approach, working hand-in-hand with established players to get our motors on the streets," said Felix Poernbacher, co-founder and co-CEO of DeepDrive.
DeepDrive claims its dual-rotor motor boasts the highest torque and power density of any motor available today. It also has low noise emissions, and is built using far fewer rare earth materials.
DeepDrive says its technology can make electric cars 20% more energy efficient, enabling automakers to build EVs with greater range at a lower cost.
This is driving for motors that are smaller, lighter, and more powerful, which is good news for DeepDrive. The company claims that, if deployed at scale, its electric motors can halve the price gap between internal combustion engine vehicles and EVs.
Read at TNW | Sustainability
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