Pain. Electric vehicles have only a 0,12% global market share of the automobile industry. Adoption is limited due to short driving ranges, power losses and poor driving efficiency.
Product. QE Drive powertrain is a disruptive permanent magnet electric motor with an integrated digital gearbox. The innovation is the modular stator coil structure that saves manufacturing costs and creates a digital gearbox (e-gear) in the motor itself. USP.
Extended driving range up to 50% and increased driving efficiency from 40% to 97% due to enhanced regeneration technology. Competitors: Bosch, ZF Group, Continental, Magna, Schaeffler Group. Round of funding. 2nd round. Investment applied: 3 M€. Use of funds: Commercialization and market entry.
