Renault acquires 21% of Whylot: new electric motor is coming

The group Renault made it known, through a press release, that it had acquired a minority shareholding of 21% in Whylot , a technology company specialized in the production of innovative electric motors . This investment strengthens the existing collaboration between the two companies with the aim of developing and industrializing an innovative electric motor axial flow for the Automotive sector, a revolutionary technology for electrified applications.

That the Renault Group had forcefully embarked on the path of sustainable mobility and of the new electric mobility we have known for some time, therefore the agreement concluded on 30 September 2021 further strengthens this new path of the French group. The entry into the capital of the start-up further consolidates the already existing strategic partnership between the two companies.

Group Renault had previously signed a partnership with Whylot, announced in June 2021, to develop and to industrialize on a large scale an innovative axial flux electric motor for the Automotive sector. The new electric motor with unprecedented technology will be applied to electrified and electric powertrains, with the main goal of reducing costs for hybrid powertrains, while at the same time lowering CO2 emissions by 2.5 g / km according to the WLTP standard (for passenger cars in the B / C segments). Groupe Renault will be the first generalist manufacturer to produce a large-scale axial flux electric motor from 2025.

These are the words of Philippe Brunet , Director of Thermal and Electric Powerplant Groups of the Alliance:

We are very happy to take our relationship with Whylot a step further, a promising start-up specializing in the design and development of high-tech electric motors. This partnership, coupled with the acquisition of a stake in the company capital, is further demonstration of our strong French roots and the Renault Group’s industrial roots in France, with the desire to produce popular, affordable and profitable electric and electrified vehicles there. .

L’ acquisition of a stake in the capital will allow the Renault Group and Whylot to position themselves, in the coming years, as a leader in the development and industrialization of innovative electric motors and accessible, accompanying the very strong growth of the electrified vehicle market in France and Europe.

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