Protean Electric snags $84 million to produce in-wheel motors in China

Protean Electric snags $84 million to produce in-wheel motors in China:
Filed under: Emerging Technologies, EV/Plug-in, Manufacturing/Plants, China




It looks like the company that first got us excited about modern in-wheel motors is finally going forward with commercialization. To paraphrase (poorly) a certain Mr. Sam Cooke, "It's been a long, a long time coming, but I know a Protean Electric Drive[TM] gonna come. Oh yes, it will."



Originally England-based and called PML Flightlink, the company now resides in Troy, MI, and will soon be exploring a third continent. With $84 million of help from investors, Protean Electric has announced it will open a production facility in Liyang, China that will be able to handle a modest amount of volume. It still seeks to license its technology for larger customers, however.



Scroll below for all the details in the official press release. Or, even better, check out the video version of that document below, which includes footage of the product in action.
Continue reading Protean Electric snags $84 million to produce in-wheel motors in China

Protean Electric snags $84 million to produce in-wheel motors in China originally appeared on AutoblogGreen on Thu, 12 Jul 2012 10:01:00 EST. Please see our terms for use of feeds.

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