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China: Protean Electric raises US$84m for China plant

Protean Electric, the in-wheel electric drive systems developer, has announced US$84m in new funding from GSR Ventures, New Times Group, Oak Investment Partners and the city of Liyang in Jiangsu Province, China. This capital will be used to establish manufacturing facilities in Liyang. The funding is led by GSR Ventures, a Subscribe to Automotive World … Continued

Protean Electric, the in-wheel electric drive systems developer, has announced US$84m in new funding from GSR Ventures, New Times Group, Oak Investment Partners and the city of Liyang in Jiangsu Province, China. This capital will be used to establish manufacturing facilities in Liyang.

The funding is led by GSR Ventures, a

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https://www.automotiveworld.com/articles/94798-china-protean-electric-raises-us-84m-for-china-plant/

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