Protean Electric and LM Industries announce their strategic partnership to develop self-driving electric vehicles.
Protean Electric, the automotive technology company and world leader of in-wheel electric drive systems, is pleased to announce a new strategic partnership with LM Industries, the American vehicle manufacturing company focused on open-source vehicle designs and creators of Olli, the world’s first co-created, self-driving, electric and cognitive shuttle.
The two companies’ partnership will initially focus on providing the eDrive system for Olli; then expand into developing new technologies that will accelerate future autonomous and transportation-as-a-service (TaaS) vehicle production.
“Open platforms are a critical piece of LM Industries’ strategic vision, allowing us the flexibility to work with innovative companies like Protean Electric and quickly integrate new technologies that let us make great product,” said John B. Rogers Jr, CEO and co-founder of LM Industries. “Protean Electric’s eDrive technology with in-wheel motors and integrated power electronics, make power-train components obsolete and vehicle digitization easier. It will help us revolutionize self-driving vehicle design creating more space for passengers”
“LM Industries brings the latest technological and safety advancements to mobility products. Their core skill is rapid product development and commercialization, and we are excited to be working with them. We fundamentally believe our in-wheel motor technology is a key enabler to self-driving passenger vehicles, and that LM Industries are a key participant in the future of that market” says KY Chan, CEO of Protean Electric.