Protean Electric is a technology company that has developed an in-wheel, electric-drive system for hybrid, plug-in hybrid, and battery electric light-duty vehicles. Their technology creates a permanent magnet e-machine with relatively high torque and power density with the power electronics and controls packaged within the motor itself. Their in-wheel motor product is intended to be produced in low volume by Protean Electric and licensed in high volume to global automotive and Tier 1 automotive supply companies. Protean Electric is a privately held company with approximately 65 employees. Protean Electric has operations in the United States, United Kingdom, Shanghai China and Hong Kong.