Protean Electric
AcquiredHomepage - Protean
Troy, United States · Founded 2008 · $40.0M raised
- Headquarters
- Troy
- Employees
- 51–200
- Founded
- 2008
- Business Model
- B2B
- Website
- proteanelectric.com
- Total Funding
- $40.0M
- Last Round
- $40.0M Series EMay 2018
- Rounds
- 1
- Acquisition Date
- Mar 2026
About
Protean Electric is an automotive technology company that develops in-wheel electric motors, including ProteanDrive, a fully integrated in-wheel motor with power electronics and digital control. Founded in 2008 to focus on in-wheel motors, the firm employs over 150 people globally and holds more than 200 patents. Its motors have been tested across 31 vehicle types and more than two million kilometres. Customers include automakers and fleets seeking simpler electric conversions with fewer components.
Summary
Protean Electric is an Automotive company based in Troy, United States, founded in 2008. It has raised $40.0M in total across 1 round, most recently a $40.0M Series E round in May 2018. Investors include Oak Investment Partners.
Tech & App Stack
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Funding History
Mar 2026
Sign up to see all 3 rounds
Series E through Acquisition — per-round amounts, valuations, and who invested in each round.
Investors
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