Tech Company Financing Transactions
Protean Electric Funding Round
GO Capital, GSR Ventures and Oak Investment Partners participated in a $70 million funding round for Protean Electric. The round was recorded on 7/19/2016.
Transaction Overview
Company Name
Announced On
7/19/2016
Transaction Type
Venture Equity
Amount
$70,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The new funding will be used to ramp up production in China of Protean's PD18 product line, and for new product development and formation of a manufacturing joint venture with VIE. The joint venture will engage in production and marketing of other in-wheel motor products.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Silvertree Unit 10B Coxbridge Business Park Alton Rd. Farnha
Surrey, GU10 5EH
UK
Surrey, GU10 5EH
UK
Phone
Website
Email Address
Not Recorded
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andrew Whitehead
Chief Financial Officer
Nick Rich
Chief Technical Officer
Chris Hilton
General Manager
Daniel Fang
Vice President
Tony Liu
VP - Bus. Development
Benjamin Boycott
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