Protean Gets $84m in New Funding; New Manufacturing Facility in China

Protean Electric, a Troy, Michigan-based developer of in-wheel electric drive systems, 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 in-wheel electric drive technology to production by establishing manufacturing facilities in Liyang. The […]