Protean - About the company
Protean is an acquired company based in Farnham (United Kingdom), founded in 2008. It operates as a Developer of in-wheel motor technology for electric and hybrid vehicles. Protean has raised $186M in funding from investors like Oak Investment Partners, Wuxi Weifu High-Technology Group and Zhejiang VIE Science & Technology, with last known valuation of $*****. The company has 8 active competitors, including 1 funded and 1 that has exited. Its top competitors include companies like In-wheel.com, GEM Motors and Orbis Wheels.
Company Details
Developer of in-wheel motor technology for electric and hybrid vehicles. The company focuses on creating motors with integrated power electronics and digital control. These motors are designed to improve torque response, handling, acceleration, and range. The technology aims to remove efficiency losses and reduce vehicle weight. The company also develops friction brakes to suit various vehicle types.
- Website
- www.proteanelectric.com/
- Social
- Email ID
- *****@proteanelectric.com
- Phone Number
- +44 **********
Key Metrics
Founded Year
2008
Location
Farnham, United Kingdom
Stage
Acquired
Total Funding
$186M in 4 rounds
Latest Funding Round
Last Known Valuation
$***** as on May 31, 2019
Investors
Ranked
1st among 8 active competitors
Annual Revenue
£1M - £10M as on Dec 31, 2024
Employee Count
87 as on Aug 31, 2026
Similar Companies
Exit Details
Acquired by EXEDY (Mar 09, 2026)
Legal entities associated with Protean
Protean is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Protean Electric Limited CIN: 6747884 , Germany, Active | Nov 11, 2008 | £1M - £10M (As on Dec 31, 2024) | 111 (As on Dec 31, 2024) |
Protean's acquisition details
Protean got acquired by EXEDY on Mar 09, 2026.
Click here to take a look at Protean's acquisition in detail
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Protean's funding and investors
Protean has raised a total funding of $186M over 4 rounds. Its first funding round was on Jan 27, 2009. Its latest funding round was a Series E round on May 31, 2018 for $*****. 2 investors participated in its latest round. Protean has 7 institutional investors.
Here is the list of recent funding rounds of Protean:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 31, 2018 | 9173626 | Series E | 8697188 | 2452221 | 1698972 | 8400067 |
Jul 19, 2016 | 4474143 | Series B | 9084146 | 2786395 | 5252026 | |
Jul 10, 2012 | 2016553 | Series B | 4082650 | 1317845 | 5399150 |
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Protean's founders and board of directors
Founder? Claim ProfileProtean's Board of Directors
Protean's board has 3 active members. Andrew John Graham Whitehead is part of team and Nicholas Simon James Rich and Osman Feyzi Boyner are independent board members.Here is the list of Protean's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
mgkpmuq | Team | - | Current | 6y 9m |
Independent board member | - | Current | 17y 3m | |
hizioq{ | Independent board member | - | Current | 2y 4m |
obovmzo | Independent board member | - | Past | 3y 1m |
qkplyvw | Independent board member | - | Past | 2y 5m |
gteylkl | Independent board member | - | Past | 9y 5m |
Protean's employee count trend
Protean has 87 employees as of Aug 26. Here is Protean's employee count trend over the years:
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Protean's Competitors and alternates
Top competitors of Protean include In-wheel.com, GEM Motors and Orbis Wheels. Here is the list of Top 10 competitors of Protean, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Protean 2008, Farnham (United Kingdom), Acquired | Developer of in-wheel motor technology for electric and hybrid vehicles | $186M | 68/100 | |
2nd |  In-wheel.com 2006, Ljubljana (Slovenia), Series A | Developer of in-wheel motors for electric vehicles | $15.8M | 48/100 | |
3rd | GEM Motors 2010, Kamnik (Slovenia), Funding Raised | In-wheel motors for electric vehicles | - | 34/100 | |
4th | Orbis Wheels 2014, San Francisco (United States), Funding Raised | Developer of in-wheel motors for electric vehicles | - | - | 20/100 |
5th |  s-Drive 2026, United Kingdom, Unfunded | Developer of integrated in-wheel electric drivetrains for vehicle propulsion systems | - | - | 17/100 |
6th | Evans Electric 2006, Sydney (Australia), Unfunded | In-wheel motors for electric cars | - | - | 16/100 |
7th |  Rizel Automotive Unfunded | Platform offering advanced electric vehicle powertrain technologies | - | - | 16/100 |
8th | Quanteon Powertrain 2018, Funding Raised | Developer of axial flux in-wheel motor technology for electric vehicles | - | 15/100 |
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Protean's Investments and acquisitions
Protean has made no investments or acquisitions yet.
Reports related to Protean
Here is the latest report on Protean's sector:
News related to Protean
Filter this listMedia has covered Protean for 1 event in last 1 year.
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Protean Electric leads industry with first mainstream OEM application of in-wheel motorsElectric Cars Report•Aug 02, 2025•Renault, Protean
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Protean Electric-led consortium awarded £5.5 million grant to accelerate IWM developmentThe Business Magazine•Sep 19, 2024•Protean, Advanced Propulsion Centre UK, Unipart Manufacturing Group
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Unipart Manufacturing partners in £11 million power electronics and electric motors innovationManufacturing Management•Sep 17, 2024•Unipart Manufacturing Group, Protean, University of Warwick, Gov
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Land Rover EV conversion packs in-wheel motors, weighs same as originalGreen Car Reports•Apr 22, 2024•BEDEO, Protean
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Protean Electric to showcase in-wheel technology at Vienna Motor SymposiumRenewable Energy Magazine•Apr 26, 2022•Protean
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Protean eGov Technologies joins hands with Indian Academy of PediatricsIndiaMedToday•Dec 23, 2021•Protean, Indian Academy of Pediatrics
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London-based EV tech startup Bedeo buys in-wheel pioneer Protean from the troubled China Evergrande GroupTechStartups.com•Nov 04, 2021•BEDEO, Evergrande, Protean
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