Tech Company Financing Transactions

Protean Electric Funding Round

Protean Electric, based in Surrey, raised $40 million in investment from Oak Investment Partners, Weifu High Technology Group Co. and private investors.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series E

Oak Investment Partners (Lead Investor) (Bandel Carano)

Weifu High Technology Group Co. (Lead Investor) (Xuejun Chen)

Proceeds Purpose
The Series E financing proceeds will support Protean's on-going business activities and help to establish a global licensing model covering all key markets.

Company Information

Company Status
Private & Independent
Energy & Battery
Mailing Address
Silvertree Unit 10B Coxbridge Business Park Alton Rd. Farnha
Surrey, GU10 5EH
Email Address
Not Recorded
Protean Electric is an award-winning technology company that has developed an in-wheel electric drive system for hybrid, plug-in hybrid and battery electric light-duty vehicles. The Protean Drive system can improve vehicle fuel economy, add torque, increase power and enable improved vehicle handling to both new and existing vehicles.
Protean Electric LinkedIn Company Profile
Social Media
Protean Electric Company Twitter Account
Company News
Protean Electric News
Protean Electric on Facebook
Protean Electric on YouTube

Management Team

Email & Social
Chief Executive Officer
Andrew Whitehead
  Andrew Whitehead LinkedIn Profile  Andrew Whitehead Twitter Account  Andrew Whitehead News  Andrew Whitehead on Facebook
Chief Financial Officer
Nick Rich
  Nick Rich LinkedIn Profile  Nick Rich Twitter Account  Nick Rich News  Nick Rich on Facebook
Chief Technical Officer
Chris Hilton
  Chris Hilton LinkedIn Profile  Chris Hilton Twitter Account  Chris Hilton News  Chris Hilton on Facebook
General Manager
Daniel Fang
  Daniel Fang LinkedIn Profile  Daniel Fang Twitter Account  Daniel Fang News  Daniel Fang on Facebook
Vice President
Tony Liu
  Tony Liu LinkedIn Profile  Tony Liu Twitter Account  Tony Liu News  Tony Liu on Facebook
VP - Bus. Development
Benjamin Boycott
  Benjamin Boycott LinkedIn Profile  Benjamin Boycott Twitter Account  Benjamin Boycott News  Benjamin Boycott on Facebook



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We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with, an affiliated venture.


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