It also has low noise emissions, and is built using far fewer rare earth materials.

DeepDrive is currently co-developing its electric motors witheight of the worlds 10 largest automakers.

The company has raised just shy of 50mn to date.

BMW-backed DeepDrive raises €30M to industrialise ultra-efficient EV motor

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Last year, the share of BEV sales for some carmakers stagnated or even decreased.

European carmakers havestruggled to competewith cheaper models from China.

Siôn Geschwindt

Story bySion Geschwindt

Sion is a freelance science and technology reporter, specialising in climate and energy.

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