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UVC Partners leads €4.3 million financing round of Deepdrive

Photo: Andreas Unseld, Part­ner at UVC Partners
23. Febru­ary 2022

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)

About Deep­Drive
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

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