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Energy Tech Series B Founded 2021

DeepDrive

DeepDrive is an automotive technology company that develops an autonomous, modular electric vehicle platform featuring a power range of 150 to 1,800 kW, an 18-inch rim with integrated inverter, and plug-and-play architecture. The company platform is designed for buses, trucks, and other commercial vehicles, providing a flexible foundation that vehicle manufacturers can adapt for different vehicle types and use…

📍 Munich, Germany · Electric Vehicles,

Funding snapshot

Last roundSeries B
Amount$33M
Date19 September 2024
Total raised$54M
Team size90

About

DeepDrive is an automotive technology company that develops an autonomous, modular electric vehicle platform featuring a power range of 150 to 1,800 kW, an 18-inch rim with integrated inverter, and plug-and-play architecture. The company platform is designed for buses, trucks, and other commercial vehicles, providing a flexible foundation that vehicle manufacturers can adapt for different vehicle types and use cases. The modular approach enables faster vehicle development cycles, reduced engineering costs, and simplified manufacturing by standardizing core drivetrain components while allowing customization of vehicle bodies and configurations. DeepDrive technology integrates motor, inverter, and control systems into a single wheel-end unit, improving efficiency and reducing weight. Founded in 2021 and headquartered in Munich, Germany, the company has raised approximately $54.4 million through Series B funding from investors including BMW i Ventures, Continental, Bayern Kapital, UVC Partners, and EIT Urban Mobility.

Business model

Electric Vehicles > Modular Vehicles Platform > Autonomous,

Autonomous Vehicles > Self Driving Technology > Modular Vehicles

Institutional investors

Leitmotif BMW i Ventures Co-pace Bayern Kapital UVC Partners EIT Urban Mobility Bayern Continental Plug and Play Tech Center Peter Mertens Jonas Rieke

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