About Protean
Protean is a company based in Farnham (United Kingdom) founded in 2008 was acquired by EXEDY in March 2026. It operates as a Product-as-a-Service. Protean has raised $185.64 million across 4 funding rounds from investors including NEVS, EXEDY and Wuxi Weifu High-Technology Group. The company has 75 employees as of December 31, 2022. Protean offers products and services including ProteanDrive and Protean360+. Protean operates in a competitive market with competitors including Elaphe, GEM Motors and Orbis Wheels, among others.
- Headquarter Farnham, United Kingdom
- Employees 75 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Protean Electric Limited
- Date of Incorporation 12 Nov, 2008
- Jurisdiction FARNHAM, SURREY
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Annual Revenue
$3.86 M (USD)131as on Dec 31, 2022
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Net Profit
-$23.41 M (USD)-330as on Dec 31, 2022
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EBITDA
-$24.34 M (USD)-367as on Dec 31, 2022
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Total Equity Funding
$185.64 M (USD)
in 4 rounds
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Latest Funding Round
$40 M (USD), Series E
May 31, 2018
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Investors
NEVS
& 8 more
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Employee Count
75
as on Dec 31, 2022
- Acquired by
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Products & Services of Protean
Protean offers a comprehensive portfolio of products and services, including ProteanDrive and Protean360+.
In-wheel motors are developed for electric vehicle efficiency.
Advanced in-wheel motor systems are designed for vehicles.
People of Protean
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Funding Insights of Protean
Protean has successfully raised a total of $185.64M across 4 strategic funding rounds. The most recent funding activity was a Series E round of $40 million completed in May 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Protean
Protean has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include NEVS, EXEDY and Wuxi Weifu High-Technology Group.
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Manufacturer, supplier & exporter of automotive powertrain systems
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Brake systems are manufactured and supplied for vehicles.
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Investor details for Protean
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Investments & Acquisitions by Protean
Investment portfolio details for Protean
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Financial Statements - Protean
Detailed financials for Protean
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Protean Comparisons
Peer comparison for Protean
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Competitors of Protean
Protean operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Elaphe, GEM Motors and Orbis Wheels, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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In-wheel electric motors for vehicles are developed by Elaphe.
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In-wheel motors for electric vehicles are developed using modular technology.
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In-wheel motors for electric vehicles are developed by Orbis Wheels.
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Detailed competitors of Protean
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Latest news on Protean
Complete news archive for Protean
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Frequently Asked Questions about Protean
Protean was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Protean is headquartered in Farnham, United Kingdom. It is registered at Farnham, Surrey, United Kingdom.
Protean is a funded company, having raised a total of $185.64M across 4 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Protean is 75.
Annual revenue of Protean is $3.86M as on Dec 31, 2022.
Protean is recognized as a leader in in-wheel motor technology for electric vehicles, focusing on passenger cars, light commercial vehicles, and future transport solutions. The technology is integrated directly into vehicle wheels, enhancing torque response, handling, acceleration, and range while reducing charging needs. Solutions like ProteanDrive and Protean360 are designed to improve efficiency by eliminating traditional drivetrain components. The company serves the automotive sector with innovations that support flexible vehicle design and production efficiency.
Protean's top competitors include Elaphe, GEM Motors and Orbis Wheels.
Protean offers ProteanDrive and Protean360+.
Protean has 9 investors. Key investors include NEVS, EXEDY, Wuxi Weifu High-Technology Group, Zhejiang VIE Science & Technology, and Oak Investment Partners.