Israeli EV startup using in-wheel motors hits $580 million valuation
The simplicity of packaging electric motors directly into wheels is alluring. The possibilities for this solution date back a century to the earliest EVs. Several technical and economic challenges have held it back. (See unsprung mass.) But the latest company to tackle the problem is picking up speed. Haaretz reported today that Israel’s REE, an EV startup, is now raising money based on a $580 million valuation.
Ford patents a concept for an in-wheel electric motor that turns into a unicycle
Do you remember when Batman turned a part of the Batmobile into a motorcycle with the touch of a button in The Dark Knight? Well this is like a lame version of that. We learn that Ford patented a concept for an electric car powered by in-wheel electric motors that can turn into a unicycle.
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