24.11.2021Renault invests in electric motor specialist Whylot
This week, Renault Group has announced that on 30th September 2021 it acquired a 21% minority stake in Whylot, a French company that has developed a unique technology in the promising sector of innovative electric motors. This acquisition of a stake in the French start-up reinforces the existing strategic partnership between the two companies.
Announced in June 2021, Renault Group previously signed a partnership with Whylot to develop and industrialise on a large scale an innovative axial flow automotive e-motor. The technology will be applied to electrified and electric powertrains, with the objective in particular in hybrid powertrains of reducing costs, while saving CO2 emissions of 2.5 g/km of CO2 according to the WLTP standard (for passenger cars in segments B/C). According to Renault Group, it will be the first mainstream manufacturer to produce an axial-flow electric motor on a large scale from 2025.
"We are delighted to take a further step in our relationship with Whylot, a promising start-up specialising in the design and development of high-tech electric motors," said Philippe Brunet, Director of Powertrain and Electric Vehicles, Alliance.
"This partnership, coupled with an equity investment in the company, is a further demonstration of our commitment to our French roots and to the Renault Group's industrial anchorage in France, with the aim of producing popular, affordable and profitable electric and electrified cars."
The equity investment will enable Renault Group and Whylot to position themselves in the coming years as leaders in the development and industrialization of innovative and affordable electric motors and to support the very strong growth of the electrified vehicle market in France and Europe.
Founded in 2011 by Romain Ravaud, Whylot is a French engineering research company specialising in the design and development of hightech electric motors.