DeepDrive News: 08.11.2022
DeepDrive is now officially MIH | Mobility in Harmony Start-up Ambassador!
In September 2022, we were selected as one of 20 startups to participate in the MIH | Mobility in Harmony for Startups powered by Techstars and Foxconn! After 2 months of participating in working groups and passing specifi levels, we were chosen alongside 9 fellow Start-ups as finalists to join the MIH Demo Day in Taipeh and pitch our technology in front of an audience of industry luminaries.
On November 8th, 2022 we won the MIH Startup Challenge alongside C2A Security and Olympian Motors (YC-22). This means we‘ll join the MIH consortium and working groups to help develop the next-level EV platform.
We are looking forward to working with the team around Jack Cheng and the many high-profile corporate partners and could not be more proud of all DeepDrivers working relentlessly to build this great product and company! What an amazing team achievement!
Big shoutout to the Techstars team, Foxconn and Karma Automotive for the great organisation and to the other finalists: ElectricFish, Graphen, Make My Day, ONEOQ, Open Energy, Robeff Technology, and WingDriver
DeepDrive is a Munich-based high-tech startup offering e-motors for EVs. With our revolutionary new electric motor technology, we address the main problems of today’s electric vehicles by significantly reducing their cost by €3,000+ and increasing vehicle range by 20%. In addition, the technology is so compact that, instead of a central position, it can be integrated inside the wheels. At DeepDrive, we combine a radically new design with proven, deep expertise in the industrialisation of powertrains and develop a technology made for low-cost large-scale production. We received huge interest from the automotive industry and are working with 8 of the top 10 automakers in multiple development projects. With main partnerships already set up, we aim to start small series production by 2024 and proceed with large-scale series production by 2026.
DeepDrive is backed by renowned high-tech investors such as UVC Partners and Bayern Kapital, as well as business angels Jonas Rieke (COO of Personio) and Peter Mertens (former board member at Audi and Volvo).