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Protean Electric

Description

Developer of an electric drive system for hybrid, plug-in hybrid and battery electric light-duty vehicles. The company offers Hi-Pa Drive system, an in-wheel propulsion system and development platform that delivers practical ways to remove oil, carbon and cost from vehicle transportation.

1963

Founded

PRIVATE

Status

51-200

Employees

Later Stage VC

Latest Deal Type

$70M

Latest Deal Amount

8

Investors

Description

Developer of an electric drive system for hybrid, plug-in hybrid and battery electric light-duty vehicles. The company offers Hi-Pa Drive system, an in-wheel propulsion system and development platform that delivers practical ways to remove oil, carbon and cost from vehicle transportation.

Website:

www.proteanelectric.com

Formerly Known As

Electric Motor Works

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Automotive

Other Industries

Industrial Supplies and Parts

Primary Office

100 West Big Beaver Road Suite 200 Troy, MI 48085United States
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Protean Electric Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Protean Electric Investors (8)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Foundation Asset ManagementOtherMinority000 0000000 0000
GSR VenturesVenture CapitalMinority000 0000000 0000
Jiangsu New Times Holding GroupCorporationMinority000 0000000 0000
New Times GroupCorporationMinority000 0000000 0000
Oak Investment PartnersVenture CapitalMinority000 0000000 0000
Foundation Asset Management Other
GSR Ventures Venture Capital
Jiangsu New Times Holding Group Corporation
New Times Group Corporation
Oak Investment Partners Venture Capital

Protean Electric Executive Team (6)

NameTitleBoard
Seat
Contact
Info
Kwok-yin ChanChief Executive Officer
Nick RichChief Financial Officer
Christopher Hilton Ph.DChief Technology Officer
Andrew WhiteheadChief Commercial Officer and UK Managing Director
York LiuDirector of Operations
Kwok-yin Chan Chief Executive Officer
Nick Rich Chief Financial Officer
Christopher Hilton Ph.D Chief Technology Officer
Andrew Whitehead Chief Commercial Officer and UK Managing Director
York Liu Director of Operations

Protean Electric Board Members (2)

NameRepresentingRoleSinceContact
Info
Allan KwanOak Investment PartnersChairman000 0000
Bandel CaranoOak Investment PartnersBoard Member000 0000
Allan Kwan Chairman Oak Investment Partners
Bandel Carano Board Member Oak Investment Partners
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