The Renault Group has made it known, through a press release, that it has acquired a minority stake of 21% in Whylot , a technology company specializing in the production of innovative electric motors . This investment strengthens the collaboration already existing 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 strongly embarked on the path of mobility; sustainable and the new mobility; electric power was already known; for some time, therefore the agreement concluded on 30 September 2021 strengthens more this new path of the French group. The entry into the capital of the start-up further consolidates the already strategic partnership; existing between the two companies.
Groupe Renault already had; previously signed a partnership with Whylot, announced in June 2021, to develop and 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 objective 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 of the B/C). The Renault Group will be the first generalist manufacturer to produce a large-scale axial flux electric motor starting from 2025.
These are the words of Philippe Brunet , Group Director Thermal and Electric Powertrains of the Alliance:
We are delighted 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, combined with the acquisition of a stake in the company's capital, & egrave; a further demonstration of our strong French roots and the industrial roots of the Renault Group in France, with the will & agrave; to produce popular, affordable and profitable electric and electrified vehicles.
The acquisition of a share of the capital will allow & agrave; to the Renault Group and Whylot to position itself, in the next few years, as a leader in the development and industrialization of innovative and accessible electric motors , accompanying the very strong growth of the electrified vehicle market in France and Europe.
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