The two companies’ partnership will initially focus on providing the eDrive system for Olli, then expand into developing new technologies to accelerate future autonomous and transportation-as-a-service (TaaS) vehicle production.
“Open platforms are a critical piece of LM Industries’ strategic vision, allowing us the flexibility to work with innovative companies like Protean Electric and quickly integrate new technologies that let us make great product,” said John B. Rogers Jr, CEO and co-founder of LM Industries. “Protean Electric’s eDrive technology with in-wheel motors and integrated power electronics makes powertrain components obsolete and vehicle digitization easier.”
“LM Industries brings the latest technological and safety advancements to mobility products,” says KY Chan, CEO of Protean Electric. “Their core skill is rapid product development and commercialization. We fundamentally believe our in-wheel motor technology is a key enabler to self-driving passenger vehicles.”
Source: Protean Electric