DeepDrive
Company

Last deal

$13.5M
Local Amount - EUR 15.M

Amount

Series A

Stage

21.03.2023

Date

2

all rounds

$17.4M

Total amount

General

About Company
DeepDrive is a Munich-based company revolutionizing electric vehicles with compact, high-performance drive units.

Industry

Sector :

Subsector :

founded date

01.01.2021

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

DeepDrive develops patented DeepDrive Dual Rotor technology that increases electric vehicle range by up to 20% and reduces costs. Their drive units can be integrated within the wheels or as a central drive, optimized for low-cost, large-scale production. With partnerships with eight of the top ten automakers, DeepDrive aims to introduce their technology to the market by 2026. The company is backed by high-profile investors and has a team of 30+ automotive industry experts.