Renault acquires 21% stake in electric motor company Whylot

Renault has acquired a 21% minority stake in electric motor company Whylot. Renault previously signed a partnership with Whylot to develop a large-scale axial-flow e-motor. This technology will be applied to electrified powertrains with the objective of reducing costs and emissions. 

“We are delighted to take a further step in our relationship with Whylot, a promising start-up specializing in the design and development of high-tech electric motors. 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,” said Philippe Brunet, Alliance EV Director.

Source: Renault