BMW has invested in DeepDrive, the German startup behind a new type of ultra-efficient motor for electric vehicles. The 15m Series A funding round also saw participation from the likes of UVC Partners, the Continental Corporate Venture Capital Unit, and former board member and CTO of Audi and Volvo, Peter Mertens. Founded in 2021, the Munich-based startup has developed a radial flux dual-rotor motor that boasts the highest torque and power density of any EV motor available today, the startup claims. It also has low noise emissions, and is built using far fewer rare earth materials. All of this translates…
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