🏆 Deal of the Week · KW 38/2024
DeepDrive raised EUR 30 million in a Series B round in September 2024; the post-money valuation was not disclosed. The round was backed by BMW i Ventures, co-pace, and Leitmotif.
DeepDrive — key deal facts
| Company | DeepDrive |
| Founded | 2021 |
| Headquarters | Munich, Germany |
| Amount raised | EUR 30m |
| Valuation | Valuation Remains Undisclosed |
| Round | Series B |
| Investors | BMW i Ventures, co-pace, Leitmotif |
| Sectors | Automotive |
Who invested in DeepDrive?
The investor syndicate comprises BMW i Ventures, co-pace, and Leitmotif. The presence of BMW i Ventures — the corporate venture arm of BMW Group — and co-pace, the venture unit of ZF Friedrichshafen, signals strong strategic validation from two of Europe's most prominent automotive incumbents. This combination of OEM-adjacent capital alongside specialist investor Leitmotif reflects the dual commercial and technological credibility DeepDrive carries at the Series B stage.
What does DeepDrive do?
DeepDrive, founded in 2021 by co-CEOs Felix Pörnbacher and Stefan Ender, develops dual-rotor electric drive units for battery electric vehicles. Its patented Dual Rotor technology enables highly compact, torque-dense motors that can be deployed as in-wheel drives or conventional central drives, extending vehicle range by up to 20% relative to comparable single-rotor architectures. The company is headquartered in Munich, Germany, and is currently engaged with eight of the ten largest global automakers. DeepDrive targets large-scale series production from 2026.
DeepDrive valuation & multiples
Explore the benchmarks: Series B.
Frequently asked questions
How much did DeepDrive raise in its Series B?
DeepDrive raised EUR 30 million in its Series B round in September 2024.
What is DeepDrive's valuation?
DeepDrive's valuation was not disclosed in connection with the Series B round.
Who invested in DeepDrive?
The Series B was backed by BMW i Ventures, co-pace, and Leitmotif.
When was DeepDrive founded and where is it based?
DeepDrive was founded in 2021 and is headquartered in Munich, Germany.
Source: original announcement — read the full report.