Landshut\/Munich \u2014 Munich-based elec\u00adtric motor start-up Deep\u00adDrive has successfully comple\u00adted a Series A finan\u00adcing round of 15 million euros. In addi\u00adtion to the exis\u00adting inves\u00adtors Bayern Kapi\u00adtal with its Bava\u00adrian Growth Fund and UVC Part\u00adners, which came on board a year ago, BMW i Ventures and the Corpo\u00adrate Venture Capi\u00adtal Unit of Conti\u00adnen\u00adtal AG are also invol\u00adved. The company is also supported by the renow\u00adned auto\u00admo\u00adtive mana\u00adger and former Audi board member for deve\u00adlo\u00adp\u00adment Dr. Peter Mertens. The addi\u00adtio\u00adnal funds are inten\u00added to inten\u00adsify the path taken to start large-scale produc\u00adtion of the highly effi\u00adci\u00adent e\u2011motor and to be able to respond in terms of person\u00adnel to the further increase in demand.<\/p>\n
Foun\u00added in 2021, Deep\u00adDrive has deve\u00adlo\u00adped a radial flux dual rotor motor<\/em> inclu\u00adding power elec\u00adtro\u00adnics that can be instal\u00adled in produc\u00adtion vehic\u00adles as a central drive as well as a wheel hub drive, setting enti\u00adrely new stan\u00addards in e\u2011mobility. The paten\u00adted archi\u00adtec\u00adture has a higher torque and power density compared to other drive tech\u00adno\u00adlo\u00adgies and solves funda\u00admen\u00adtal problems of other e\u2011vehicle concepts. For exam\u00adple, a vehicle with Deep\u00adDrive tech\u00adno\u00adlogy can travel 20 percent further on a fully char\u00adged charge, or requi\u00adres 20 percent smal\u00adler batte\u00adries than the compe\u00adti\u00adtion for the same range, enab\u00adling the next gene\u00adra\u00adtion of low-cost elec\u00adtric vehic\u00adles. Less rare earths are also used in produc\u00adtion \u2014 a clear sustaina\u00adbi\u00adlity advan\u00adtage. Deep\u00adDrive is curr\u00adently alre\u00adady working with eight of the top ten auto\u00adma\u00adkers on various deve\u00adlo\u00adp\u00adment projects and plans to bring the dual-rotor engine to market in large-scale produc\u00adtion by 2026.<\/p>\n The Deep\u00adDrive team is alre\u00adady working with eight of the top ten OEMs and is on track to bring its tech\u00adno\u00adlogy into mass produc\u00adtion by 2026. Deep\u00adDrive co-foun\u00adder and CEO Felix P\u00f6rn\u00adba\u00adcher<\/strong> says: \u201cThe effi\u00adci\u00adency of e\u2011vehicles is one of the biggest chal\u00adlenges facing almost all car manu\u00adfac\u00adtu\u00adr\u00aders. With our double rotor drive, we have been able to deve\u00adlop a key tech\u00adno\u00adlogy that addres\u00adses precis\u00adely this problem and is thus attrac\u00adting extre\u00admely high inte\u00adrest from indus\u00adtry. With our focus on disrup\u00adtive inno\u00adva\u00adtion coupled with profes\u00adsio\u00adnal high-volume expe\u00adri\u00adence, we see oursel\u00adves as a pioneer of elec\u00adtri\u00adfi\u00adca\u00adtion for mobi\u00adlity. We look forward to working with our strong new part\u00adners and exis\u00adting support\u00aders to bring this tech\u00adno\u00adlogy to the road and win initial volume projects.\u201d<\/p>\n Bava\u00adria\u2019s Minis\u00adter of Econo\u00admic Affairs Hubert Aiwan\u00adger: \u201cDeep Drive\u2019s busi\u00adness model is an excel\u00adlent fit for Bava\u00adria as an auto\u00admo\u00adtive loca\u00adtion. There is great econo\u00admic poten\u00adtial in the plat\u00adform for the deve\u00adlo\u00adp\u00adment of elec\u00adtric vehic\u00adles. That is why we are support\u00ading the start-up with the Bava\u00adria 2 Growth Fund.\u201d<\/p>\n \u201cThe use of Deep\u00adDrive motors can save considera\u00adble costs \u2014 another step towards making e\u2011mobility more attrac\u00adtive and cost-effec\u00adtive and driving forward the all-important market pene\u00adtra\u00adtion,\u201d says Monika Steger, Mana\u00adging Direc\u00adtor of Bayern Kapi\u00adtal. \u201cWe are plea\u00adsed that the goal of scaling up to large-scale produc\u00adtion in the near future has become a good deal more tangi\u00adble as a result of this new round of financing.\u201d<\/p>\n About Bayern Kapital Bayern Kapi\u00adtal mana\u00adges specia\u00adli\u00adzed invest\u00adment funds with a volume of around 700 million euros. Since its foun\u00adda\u00adtion in 1995 on the initia\u00adtive of the state govern\u00adment, the wholly owned subsi\u00addiary of LfA F\u00f6rder\u00adbank Bayern has so far inves\u00adted around 400 million euros of its own equity capi\u00adtal in around 300 start-ups and scale-ups in sectors such as life scien\u00adces, soft\u00adware & IT, mate\u00adri\u00adals & new mate\u00adri\u00adals, nano\u00adtech\u00adno\u00adlogy and envi\u00adron\u00admen\u00adtal tech\u00adno\u00adlogy. As a result, more than 8,000 jobs have been perma\u00adnently crea\u00adted in Bava\u00adria in sustainable compa\u00adnies. The active port\u00adfo\u00adlio curr\u00adently compri\u00adses over 80 companies. About UVC<\/strong><\/p>\n A tech team for tech teams. \u2014 We are rocket scien\u00adtists, CS geeks, elec\u00adtri\u00adcal engi\u00adneers, AI rese\u00adar\u00adchers, mecha\u00adni\u00adcal engi\u00adneers, mate\u00adri\u00adals scien\u00adtists, and econo\u00admists. We value the entre\u00adpre\u00adneu\u00adrial spirit, the pursuit of inno\u00adva\u00adtion and the pursuit of quality. Since 2011, we have built one of Euro\u00adpe\u2019s leading B2B venture capi\u00adtal funds inves\u00adt\u00ading across Europe from our offices in Berlin and Munich. As a team, we have made over one hundred B2B invest\u00adments with over thirty exits, inclu\u00adding some of our own compa\u00adnies. https:\/\/www.uvcpartners.com<\/p>\n About BMW i VENTURES Landshut\/Munich \u2014 Munich-based elec\u00adtric motor start-up Deep\u00adDrive has successfully comple\u00adted a Series A finan\u00adcing round of 15 million euros. In addi\u00adtion to the exis\u00adting inves\u00adtors Bayern Kapi\u00adtal with its Bava\u00adrian Growth Fund and UVC Part\u00adners, which came on board a year ago, BMW i Ventures and the Corpo\u00adrate Venture Capi\u00adtal Unit of Conti\u00adnen\u00adtal AG are [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":48157,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1373],"tags":[],"class_list":["post-48159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-venture-capital-en","news-category-venture-capital-news"],"yoast_head":"\n
\n<\/strong>
\nBayern Kapi\u00adtal GmbH, based in Lands\u00adhut, is the venture\/growth capi\u00adtal company of the Free State of Bava\u00adria. It accom\u00adpa\u00adnies inno\u00adva\u00adtive high-tech compa\u00adnies in the Free State through various growth phases, from seed to later stage, with equity capi\u00adtal in the amount of 0.25 to 25 million euros. Bayern Kapi\u00adtal often fills gaps in the VC sector in proven consor\u00adtium constel\u00adla\u00adti\u00adons with private inves\u00adtors (busi\u00adness angels, family offices and corpo\u00adrate ventures).<\/p>\n
\nwww.bayernkapital.de<\/p>\n
\n<\/strong>
\nVenture capi\u00adtal for sustainable future tech\u00adno\u00adlo\u00adgies and game chan\u00adgers in mobi\u00adlity. \u2014 Venture capi\u00adta\u00adlist BMW i Ventures invests in inno\u00adva\u00adtive, rapidly scaling start-ups from the auto\u00admo\u00adtive envi\u00adron\u00adment that are helping to shape the indi\u00advi\u00addual mobi\u00adlity of tomor\u00adrow. The focus is on tech\u00adno\u00adlo\u00adgi\u00adcal solu\u00adti\u00adons for the trans\u00adpor\u00adta\u00adtion, manu\u00adfac\u00adtu\u00adring and supply indus\u00adtries, as well as on inter\u00addi\u00adsci\u00adpli\u00adnary, sustainable solu\u00adti\u00adons. Thanks to its inde\u00adpen\u00addence, BMW i Ventures makes invest\u00adment decis\u00adi\u00adons quickly and in a manner appro\u00adpriate to the indus\u00adtry. This auto\u00adnomy makes it possi\u00adble to match the speed and quality of the best venture capi\u00adta\u00adlists and attract top invest\u00adment part\u00adners. The proxi\u00admity to the BMW Group in turn streng\u00adthens the tech exper\u00adtise of BMW i Ventures. https:\/\/www.bmwgroup.com\/de\/innovation\/unternehmen\/venturing_into_new_tech.html<\/p>\n","protected":false},"excerpt":{"rendered":"