BMW i Ventures has co-led startup DeepDrive’s $16.1 million Series A e-motor deal. UVC Partners and Bayern Kapital participated alongside Wachstumsfonds Bayern and Continental’s Corporate Venture Capital Unit. DeepDrive’s radial flux dual-rotor electric motor can be placed as a central drive or in-wheel drive in any vehicle. According to the startup, the patented method boosts… BMW i Ventures, DeepDrive, EV Motors
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BMW i Ventures invests in LFP cell developer Our Next Energy
BMW i Ventures will invest in Our Next Energy (ONE), a Michigan-based energy storage company that’s working to develop longer-range, lower-cost batteries. ONE will use the investment to scale production of its first products. ONE has demonstrated two proprietary technologies. The first, called Aries, uses lithium iron phosphate (LFP) chemistry in a structural cell-to-pack architecture… Read more »
BMW i Ventures invests in Software Motor Company developing switched reluctance technology
BMW i Ventures will invest in Software Motor Company (SMC), a Silicon Valley-based company with experience with HVAC retrofit motors. SMC will use the funding to expand its product line and bring to market its full-stack Building Operating System (BOS) platform, designed to optimize energy and maintenance through intelligent automation. SMC says it has developed… Read more »
BMW i Ventures to invest in CelLink flexible circuit technology
BMW i Ventures plans to invest in CelLink, a San Carlos, California-based manufacturer of flexible circuit technology. The funding will support CelLink as it moves several projects into full-scale production. CelLink, which plans to continue to ramp production of large-area flexible circuits for power and data transmission in its first manufacturing facility through the end… Read more »
BMW i Ventures announces strategic investment in GaN Systems
BMW i Ventures has announced a strategic investment in semiconductor maker GaN Systems. GaN Systems focusses on power transistors based on Gallium nitride (GaN), a wide band gap semiconductor material that promises higher energy efficiency, smaller form factors and higher performance. “GaN Systems’ power transistors have created new possibilities for engineers to build the power… Read more »
BMW i Ventures makes strategic investment in electric bus company Proterra
Electric bus manufacturer Proterra has closed a Series 6 round of funding, raising $55 million from various investors, including BMW i Ventures. Proterra will use the new money to increase production at its manufacturing facilities in South Carolina and Los Angeles, and to boost R&D efforts at company headquarters in Silicon Valley. For BMW i… Read more »
BMW i Ventures announces investment in Coulomb Technologies
The company’s venture capital arm, BMW i Ventures, announced that it is making a strategic investment in the operators of the ChargePoint charging network.
Mangrove Lithium secures $35 million for electrochemical lithium refining facility in Canada
Mangrove Lithium has secured $35 million in financing to start construction of an electrochemical lithium refining plant in Delta, British Columbia. New investors included Mitsubishi, Asahi Kasei, InBC Investment, Orion Industrial Ventures and Export Development Canada. Existing investors Breakthrough Energy Ventures, BMW i Ventures and BDC Capital also joined the round. Construction is already underway… Read more »
Charging management software provider AMPECO raises $26 million in Series B funding
AMPECO offers a white-label, hardware-agnostic EV charging management platform that covers public, private and home charging and currently serves over 160 clients across 60 markets and powers some 120,000 charging stations on all 6 continents. The customer list includes (in Europe) E.ON Drive Infrastructure, ChargeGuru, INDIGO Group, Wattif and Elaway; as well as (in the… Read more »
AMPECO secures $13 million to expand its EV charge management platform
Silicon Valley-based venture capital firm BMW i Ventures has led a $13-million Series A round of investment in AMPECO, an EV charging management platform that’s designed to enable large-scale public, business, fleet and residential charging providers to manage EV chargers at scale. The total raised after the Series A investment round now amounts to $16… Read more »
