Protean Electric, developer of in-wheel electric drive systems (earlier post), received $84 million in new funding from GSR Ventures, New Times Group, Oak Investment Partners and the city of Liyang, Jiangsu Province, China. This capital will be used to bring Protean’s electric drive technology to production by establishing manufacturing facilities in Liyang.
http://www.greencarcongress.com/2012/07/protean-20120710.html
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