Local Motors and Protean Electric Extend Strategic Partnership to Accelerate Adoption of Olli Electric Autonomous Vehicles
Farnham, UK / Chandler, AZ, USA, 24 June, 2021: Local Motors, a leader in the design, manufacturing, and deployment of autonomous vehicles, and Protean Electric, the world leader of in-wheel motor technology for passenger cars, light commercial vehicles and future transport solutions, have expanded their long-standing partnership, inking a further three-year deal valued at $7.3 million. Under this significant new order, Protean Electric will deliver thousands of its ProteanDrive in-wheel motors (IWMs) to power Local Motors’ Olli 2.0 electric autonomous shuttles, accelerating the rollout of the state-of-the-art vehicles around the world.
The Olli autonomous shuttle is in use today on campuses and city streets in the Americas, Europe and Asia. Olli’s autonomy system ensures safe autonomous operation and delivers an unmatched rider experience, thanks in large part to the ProteanDrive in-wheel motors, which are lighter, smoother, and more energy-efficient than alternative solutions such as e-axles. The ProteanDrive in-wheel motors also allow Local Motors to maximise passenger space, vehicle range, and platform reliability while reaping the cost benefits delivered by this best-in-class electric wheel technology.
“Now in live deployments around the world, Olli is truly changing the way that we look at transportation, providing a smart, safe, sustainable option for getting around,” said Vikrant Aggarwal, President of Local Motors. “One of the keys in driving broad-scale adoption of electric autonomous vehicles is delivering an exceptional passenger experience, and the ProteanDrive in-wheel motors play a huge role in that experience, providing a smooth, quiet, and reliable ride while allowing us to optimise vehicle design to better address real-world use cases.”
This major new order for ProteanDrive in-wheel motors comes amid burgeoning market demand for battery electric vehicles (BEVs); according to research from BloombergNEF, adoption of BEVs is set to grow from just three per cent of global automotive sales in 2020 to 28 per cent in 2030 and is expected to reach 58 per cent by 20401. Protean Electric is primed to capitalize on this significant growth opportunity; the company has been developing and refining its IWM technology for the past 12 years and is meeting the market with a reliable, tested solution ready for massive deployment. In addition to Local Motors, Protean is currently deeply engaged with four major automotive OEMs.
The accelerating climate crisis further underscores the urgent need to transition to BEVs; because road transportation is estimated to account for approximately 17 per cent of greenhouse gas emissions, the electrification of the automotive industry could drive significant, positive impact in the battle against climate change2. The Local Motors/Protean Electric partnership represents a critical proof point for the reduction in carbon per passenger mile, offering an alternative autonomous transport solution that improves mobility for all of society.
“We are thrilled to be building on our alliance with Local Motors, enabling them to rapidly scale deployments of Olli 2.0,” said Andrew Whitehead, CEO, Protean Electric. “This new deal not only reinforces Local Motors’ commitment to the ProteanDrive IWM solution but offers important industry validation that the technology is mature, reliable, scalable, and delivers the cost and performance needed to address the massive acceleration in electric vehicle adoption.”
1 BloombergNEF, “Electric Vehicle Outlook 2020”
2 World Resources Institute, “Everything You Need to Know About the Fastest-Growing Source of Global Emissions: Transport”
About Protean Electric
Protean Electric is an automotive technology innovator, and a world-leading developer of in-wheel motors including ProteanDrive, a fully integrated in-wheel drive solution. Protean Electric’s technology is strategically positioned to play a major role in the hybrid, electric vehicle and future mobility market by offering a combination of packaging advantages, new vehicle design opportunities, performance benefits and earnings improvements. Globally Protean Electric has over 200 patents (and 120 patents pending) across 75 patent families with operations in the United Kingdom, China and the USA. It is a subsidiary of National Electric Vehicle Sweden (NEVS) and part of China Evergrande New Energy Vehicle Group. www.proteanelectric.com
About Local Motors
Local Motors designs, manufactures, and deploys next-generation vehicles. Founded in 2007 with a belief in open collaboration, Local Motors began low-volume vehicle manufacturing of open-source designs utilizing a microfactory model. Since its inception, Local Motors has debuted no less than three world firsts: the world’s first co-created vehicle, the world’s first 3D-printed car, and the world’s first co-created, autonomous, electric vehicle, Olli. We believe that Olli is the answer to a safe, sustainable, and accessible mobility solution for all. www.localmotors.com.
Protean Electric media contact:
+44 (0)7557 965322
Local Motors media contact:
+1 (920) 257-9590