DeepDrive Secures $30 Million in Series B Round to Power the Future of Electric Mobility

We are thrilled to announce that DeepDrive has successfully raised €30 million in our latest funding round, solidifying our position as a leader in advanced drive technology for electric vehicles (EVs). Headquartered in Munich, Germany, DeepDrive specializes in innovative drive units that leverage our patented Dual Rotor technology, which enhances vehicle range by up to 20% while simultaneously reducing manufacturing costs. This breakthrough enables the next generation of affordable, sustainable EVs, pivotal in driving the shift toward greener transportation solutions. Our compact and torque-dense drive units are designed for versatile integration, whether within the vehicle's wheels or as a traditional central drive, ensuring maximum performance and efficiency. With the support of prominent investors, including BMW i Ventures and Continental's Corporate Venture Capital Unit, along with industry veterans like Dr. Peter Mertens and Jonas Rieke, we are poised to accelerate our production capabilities. This funding will be instrumental in advancing our development projects with eight of the top ten automakers, bringing us closer to our goal of launching the DeepDrive Dual Rotor in large-scale series production by 2026. As we continue to innovate and lead the charge in electric mobility technology, we are excited to further strengthen our partnerships and explore new horizons in sustainable transportation. Thank you to all our investors for believing in our vision and supporting our mission to transform the EV landscape.