Starting a company to build electric cars is tough, as Tesla, Fisker, and others have found out. Building electric motors is tough, too. It's tougher yet if you intend to turn the traditional design inside out, and build big, powerful, slim wheel motors to be used in large sedans, full-size pickup trucks, and other heavy vehicles. But Protean Electric is doing just that, and today the company announced it has received $84 million in venture funding from GSR Ventures and the New Times Group, a Chinese industrial conglomerate. Protean's original venture investor, Oak Investment Partners, is...
2011 Frankfurt Auto Show: Brabus AWD Electric Mercedes-Benz E-Class
This year’s 2011 Frankfurt Auto Show has been heavily dominated by the drive towards greener vehicles, better gas mileage, and zero tailpipe-emissions motoring. So it’s no surprise that German tuning house Brabus has followed the trend set by most of the major automakers attending the...Nikki Gordon-Bloomfield