DeepDrive GmbH raised €30 million in a Series B funding round led by BMW to enhance their production capabilities and advance electric vehicle technology.
Amount Raised
€30 Million
Round Type
Series B
MunichManufacturingAutomotiveElectric VehicleInvestors
Description
DeepDrive GmbH has secured €30 million in funding to convert projects within its strong customer pipeline of top automakers and to industrialize its patented Dual Rotor technology. This investment marks a significant milestone, enabling the company to meet high demand in the automotive industry.
Quick answer
DeepDrive raised €30 Million in a Series B round, dated September 19, 2024. Investors: Leitmotif, Bayern Kapital, UVC Partners, Continental and Bmw. DeepDrive is based in Munich, Bavaria, Germany.
- How much did DeepDrive raise?
- DeepDrive raised €30 Million in a Series B round on September 19, 2024.
- Who invested in DeepDrive?
- Leitmotif, Bayern Kapital, UVC Partners, Continental and Bmw are named as investors in this round.
- What does DeepDrive do?
- DeepDrive is a high-tech electric motor company that focuses on enhancing efficiency, performance, and sustainability in the automotive industry.
- Where is DeepDrive based and how big is it?
- DeepDrive is based in Munich, Bavaria, Germany.
- Who are the decision-makers at DeepDrive?
- Fundz holds 1 contact at DeepDrive. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Automotive and Electric Vehicle around the same time
Companies in the same sectors as DeepDrive that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
- Infinite Machine raised $9.3M (Seed) on October 29, 2024.
- Harbinger raised $82M on September 25, 2024.
- Aptera Motors raised $200K (Seed) on August 23, 2024.
- Ather Energy raised $71M on August 13, 2024.
- Powerdot raised $180M (Debt Financing) on August 9, 2024.
Who to call at DeepDrive, and when
A new round usually means DeepDrive is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day DeepDrive raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at DeepDrive, from your own LinkedIn network
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Funding Insights
What this usually meansDeepDrive raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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