BMW backs German startup to deliver ‘next generation’ of EV motors
BMW has invested in DeepDrive, the German startup behind a new type of “ultra-efficient” motor for electric vehicles. The €15m Series A funding round also saw participation from the likes of UVC Partners, the Continental Corporate Venture Capital Unit, and former board member and CTO of Audi and Volvo, Peter Mertens. Founded in 2021, the …
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