Protean Electric raises $70m from Chinese PE Go Scale, VIE, Tianjin

Chinese private equity Go Scale Capital, Zhejiang VIE Science & Technology and Tianjin THSG Corporation have led a $70-million equity financing round in the leading in-wheel electric drive systems developer Protean Electric.

Existing investors Oak Investment Partners and GSR Ventures also participated in this funding, according to the company’s announcement.

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