Protean Electric raises $70M to accelerate adoption of in-wheel drive systems for electrified vehicles in China

Green Car Congress
By mmillikinJul 19, 2016, 7:00 am439 pts
Protean Electric, developer and manufacturer of in-wheel electric drive systems, has raised $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…

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