Tech Company Financing Transactions
DeepDrive Funding Round
On 9/19/2024, DeepDrive raised $33.5 million in Series B funding from Bayern Kapital, BMW i Ventures and Co-pace.
Transaction Overview
Company Name
Announced On
9/19/2024
Transaction Type
Venture Equity
Amount
$33,500,000
Round
Series B
Proceeds Purpose
The company intends to use the funds to convert high-volume projects in its customer pipeline of 8 of the world's 10 largest automakers (currently in co-development) and to build in-house production lines and industrialise its patented Dual Rotor motor technology to accelerate the mass adoption of electric vehicles (EVs).
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
Pasteurstraße 23
München, 80999
DE
München, 80999
DE
Phone
Website
Email Address
Overview
We are DeepDrive. We are powered by fusion. Absolute professionalism mixed up with our deeply rooted urge to discover. Deep expertise meets revolutionary innovations. Our ride started about 10 years ago as part of the student motorsport team of TU Munich. After that, the journey continued for many years in the industry at leading automotive companies. Now we're radically unlocking the potential of today's technology for tomorrow's mobility. To build best in class In-Wheel and Central Drive solutions. With a world-class team. With highend facilities located in Munich. With clear milestones. And with strong co-drivers joining our journey.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Felix Pörnbacher
Browse more venture capital transactions:
Prev: 9/19/2024: AtoB venture capital transaction
Next: 9/19/2024: Ephos venture capital transaction
Share this article
About Database of VC Transactions
We do our best to record all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs