BMW i Ventures, the venture capital arm of the BMW Group, has co-led a $16.1 million Series A funding round in DeepDrive, a startup that has developed a cost-efficient dual-rotor motor for electric vehicles (EVs). The investment will be used to start manufacturing the motors and respond to the high demand from original equipment manufacturers (OEMs).
The dual-rotor motor developed by DeepDrive is unique and patented, offering major advantages in terms of weight, cost, and space efficiency. It can be installed in any vehicle as a central drive or in-wheel drive and can significantly increase the range of EVs while reducing environmental impact by requiring fewer natural resources.
DeepDrive’s Motors Offer Major Advantages for the Future of EVs
DeepDrive’s motors achieve high torque density, making them a promising technology for the next generation of efficient and resource-saving EVs. With its innovative dual-rotor motor, DeepDrive is poised to make a significant contribution to the development of more efficient and resource-saving EVs.
“With its patented and unique e-motor architecture, DeepDrive could set new standards for e-mobility,” said Marcus Behrendt, Managing Director at BMW i Ventures. “The highly efficient e-motors offer major advantages in terms of weight, cost, and space. They enable the next generation of efficient and resource-saving electric vehicles. DeepDrive’s e-motor technology is designed for easy and cost-effective mass production. We are pleased that our involvement can help this new technology achieve a breakthrough.”
DeepDrive on Track to Bring Technology to Market by End of 2023
The DeepDrive team is currently working with eight of the top ten OEMs and is on track to bring its technology to market by the end of 2023. The Series A funding round led by BMW i Ventures will help the startup ramp up production and respond to the high demand from OEMs.
The electric vehicle market has been growing rapidly in recent years, and major automakers are increasingly investing in EV technologies to meet the demand for more sustainable transportation. With its innovative dual-rotor motor, DeepDrive is poised to make a significant contribution to the development of more efficient and resource-saving EVs.
Innovative Dual-Rotor Motor Has Significant Advantages Over Conventional Motors
The dual-rotor motor developed by DeepDrive is significantly more efficient than conventional motors. It offers major advantages in terms of weight, cost, and space efficiency. It can be installed in any vehicle as a central drive or in-wheel drive, making it a versatile solution for automakers.
Moreover, the dual-rotor motor can significantly increase the range of EVs while reducing environmental impact by requiring fewer natural resources. This is a major advantage for automakers, as they seek to reduce their carbon footprint and meet regulatory requirements for more sustainable transportation.
DeepDrive’s Motors Achieve High Torque Density
The dual-rotor motor developed by DeepDrive achieves high torque density, making it a promising technology for the next generation of efficient and resource-saving EVs. With its innovative design, the motor is capable of delivering high torque output with a small footprint, enabling it to be used in a wide range of applications.
Moreover, the high torque density of DeepDrive’s motors enables automakers to reduce the size and weight of the motor, further increasing the efficiency and range of the EV. This is a significant advantage for automakers.