UVC Partners leads €4.3 million financing round of Deepdrive
Munich — BMH BRÄUTIGAM advised early stage investor UVC Partners on the €4.3 million financing round of Munich-based e‑mobility startup Deepdrive. In addition to UVC Partners, Bayern Kapital with its Bavarian Growth Fund and the experienced business angels Jonas Rieke (COO Personio) and Peter Mertens (former Chief Development Officer of Audi and Volvo) are also participating in the round.
Deepdrive, founded in 2021 by Stefan Ender and Felix Poernbacher, is developing a gearless, electric wheel hub drive whose compact, lightweight design allows the drive to be integrated into the wheel. With this cost-efficient, scalable and, above all, range- and torque-strong plug-and-play platform, Deepdrive aims to revolutionize the automotive industry and give carmakers new freedom in structure and design. The fresh capital is to be invested primarily in optimizing the technology, expanding the team and serving the immensely high demand for prototypes in the market.
Andreas Unseld (photo), partner at UVC Partners: “With the DeepDrive technology, electric mobility can realize its full potential and finally outperform conventional combustion vehicles.”
BMH BRÄUTIGAM regularly advises on financing rounds both on the part of investors and on the part of the company. The contact to UVC Partners was established through the consulting of the Earlybird investment in Aleph Alpha, in which UVC Partners also participated.
Consultant UVC: BMH BRÄUTIGAM
Dr. Alexander Wulff, Maximilian Frink (both Venture Capital)
DeepDrive is a Munich-based e‑mobility start-up that develops innovative powertrains for electric vehicles. The powertrains are 20% more efficient than current state of the art, can be produced at low cost and allow the motor to be integrated into the wheel thanks to their compact, lightweight design. This enables new vehicle architectures that can solve the problems of existing EV concepts through high cost savings, a significantly higher range and far better space efficiency. DeepDrive was founded in 2021 and currently employs 8 people. www.deepdrive.tech
About UVC Partners
UVC Partners is a Munich- and Berlin-based early-stage venture capital firm that invests in European B2B startups in the areas of enterprise software, industrial technologies, and mobility. The fund typically invests between € 0.5m — 10m initially and up to € 30m in total per company. Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation, and business creation center. With over 300 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. www.uvcpartners.com