Protean Electric gets $70M in funding for its in-wheel drive systems for electrified vehicles

Protean Electric, the global leader in the development and commercialization of in-wheel electric drive systems, has received $70 million in new funding from GO Scale Capital, Zhejiang VIE Science & Technology Co. Ltd., and Tianjin THSG Corporation.  Existing investors Oak Investment Partners and GSR Ventures co-invested in Protean’s equity financing round. The investment follows Protean’s […]