Protean Electric is an award-winning technology company that has developed an in-wheel electric drive system for hybrid, plug-in hybrid and battery electric light-duty vehicles. The Protean Drive™ system can improve vehicle fuel economy, add torque, increase power and enable improved vehicle handling to both new and existing vehicles.
Protean Drive™ is designed for sale to OEMs and organizations/companies with large vehicle fleets. Specific vehicle applications include sedans, SUVs, pickup trucks and commercial vans – any vehicle with an 18- to 24-inch wheel. The system also can be added to existing cars and trucks, utilizing their current internal combustion engine drivetrain. This allows automakers to create hybrid vehicles in less time and with far fewer changes to the vehicle design and components.
Protean’s system can increase fuel economy by over 30 percent, depending on the battery size and driving cycle. It is also powerful enough to be the only source for traction on a variety of vehicles. Its ease of integration can simplify the adoption of hybrid and electrified powertrains across a broad range of vehicles.
In July 2012, Protean Electric announced $84 million in new funding from GSR Ventures, New Times Group, Oak Investment Partners and the city of Liyang, Jiangsu Province, China. This capital will be used to bring Protean’s breakthrough electric drive technology to production by establishing manufacturing facilities in Liyang.
Prototype manufacturing will begin in early 2013 with volume production in 2014, out of Protean’s new manufacturing facility in Liyang, China.
|Headquarters:||Auburn Hills, Mich., U.S.|
|Engineering Center:||Farnham, England|
|Engineering and Development Center:||Shanghai, China|
|Product:||Protean Drive™, a fully integrated in-wheel electric motor direct drive solution|
|Key Customers:||Vehicle manufacturers (OEMs) and large fleet customers|
|Key Suppliers:||AB Mikroelektronik|
|Sales and Earnings:||Protean is a privately held company|
|Investors:||Oak Investment Partners, GSR Ventures, New Times Group and the city of Liyang|
|Quality Certification:||ISO 9001|