Protean Electric Revenue and Competitors

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Detroit, MI USA

Location

$194M

Total Funding

Automotive

Industry

Estimated Revenue & Valuation

  • Protean Electric's estimated annual revenue is currently $35.3M per year.(i)
  • Protean Electric received $40.0M in venture funding in June 2018.
  • Protean Electric's estimated revenue per employee is $330,000
  • Protean Electric's total funding is $194M.

Employee Data

  • Protean Electric has 107 Employees.(i)
  • Protean Electric grew their employee count by -5% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$12600M20541N/AN/A$26B

Driving the Future of Electric Vehicles Protean Electric is an automotive technology firm. We are over 100 talented people based across the US, UK and China. Our mission is to drive sustainable transport through innovation. Born out of a business focused on motor development for over five decades, we were founded in 2008 to focus on our first product, the ProteanDrive in-wheel motor. Today we are the world leader of in-wheel motor technology. Built on a track record of innovation, we've come a long way to help create the clean vehicles of tomorrow. With over 130 patents, numerous inventions and more great ideas, this is only the start of our journey. Why not join us and be the future of sustainable transport

keywords:Automotive,Cleantech,Solar Power,Wind Power

$194M

Total Funding

107

Number of Employees

$35.3M

Revenue (est)

-5%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Protean Electric News

2016-07-20 - Protean Electric raises $70m from Chinese PE Go Scale, VIE, Tianjin

Premium Chinese private equity Go Scale Capital, Zhejiang VIE Science & Technology and Tianjin THSG Corporation have led a $70-million equity financing round in the leading in-wheel electric drive systems developer Protean Electric. Continue reading this story with a subscription to DealStreet ...

2016-07-20 - Protean Electric raises $70m from Chinese PE Go Scale, VIE, Tianjin

Premium Chinese private equity Go Scale Capital, Zhejiang VIE Science & Technology and Tianjin THSG Corporation have led a $70-million equity financing round in the leading in-wheel electric drive systems developer Protean Electric. Continue reading this story with a subscription to DealStreet ...

2018-06-01 - Automotive Tech Company Protean Electric Raises $40M in Series E

Protean Electric, an automotive technology company, closed a $40m equity funding as the initial closing of its Series E funding round. The round was led by Weifu High-Technology Group Co., Ltd. (000581.SZ) and Oak Investment Partners. The company intends to use the funds to support on-going bu ...

09/03/2019 - Automotive Hub Motor Market Astonishing Growth by 2028 ...

Automotive Hub Motor Market Astonishing Growth by 2028 – Protean Electric, ELAPHE, SIM-Drive, Toyota, TM4, Micro-Motor AG, Schaeffler, ...

09/09/2019 - Hub Motors Market Rising Growth With Keyplayer: Protean ...

The main company in this survey is Protean Electric, Ziehl-Abegg, Schaeffler Technologies, ZF Friedrichshafen, Elaphe, Heinzmann GmbH, ...

09/03/2019 - Business Performance and Opportunity Analysis of Hub ...

Business Performance and Opportunity Analysis of Hub Motors Market by 2025: Global Players Protean Electric, Ziehl-Abegg, Schaeffler ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$15.5M107-98%$36.5M
#2
$31M1071%N/A
#3
$21.6M10719%$7M
#4
$13.1M109N/AN/A
#5
$38.5M10945%N/A

Protean Electric Funding

DateAmountRoundLead InvestorsReference
2012-07-11$84.0MUndiclosedGSR Ventures, New Times GroupArticle
2016-07-20$70.0MUndisclosedGO Scale CapitalArticle
2018-06-01$40.0MEWeifu High-Technology Group Co., Ltd.Article