Protean Secures Funding Moving Its Electric In Hub Wheel Forward
The Protean Electric company is a global player in the development and commercialization of in-wheel electric drive systems. The company has secured $84 million in new funding from a few ventures capitals and cities. GSR Ventures, New Times Group, Oak Investment Partners and the city of Liyang, Jiangsu Province, China have given the company a vote of confidence and the money will go for production of its in-hub electric wheel at the manufacturing facilities in Liyang.
Technically Speaking. The fuel economy improvements, according to Protean are substantial depending on which type of vehicle you use, up to 30%, which also depends on battery size. It is, as of today the highest torque density than any of today's leading electric propulsion systems with 81 kW, 110 hp and 800 Nm, 590 lb.-ft. of torque in each motor. The weight of 68 lb, 31 kg per motor and fits within the space of a conventional 18- to 24-inch road wheel. Its regenerative braking capabilities allow up to 85% of the available kinetic energy to be recovered during braking and the company plans to begin its prototype motor production early next year in China with an anticipated full volume in 2014.