According to cleantech news site NewNet News, MotoCzysz is looking to raise $10 million through a 25% stake in the company. Securing its first MotoCzysz D1g1tal Dr1ve technology order, MotoCzysz is looking to bring its drivetrain products into full production with this investment, as the company reports it is close to securing further industry collaborations.
Funded to-date primarily by high-networth individuals, MotoCzysz will surely seek venture capital investment to raise the needed $10 million. “We have not gone down the venture capital route yet and I think that has so far been of benefit to the company,” said Michael Czysz to NewNet. “We are open to venture capital investment, we would just choose our partners very carefully
The folks at MotoCzysz just got back from a trip to China (the EVS25 show in Shenzhen, China) where they debuted the MotoCzysz D1g1tal Dr1ve D1 — the world’s first fully integrated electric drive system. Complete with motor, inverter, oil pump, gear reduction, and differential housed in an aluminum chassis, MotoCzysz says the D1g1tal Dr1ve D1 is a complete plug-and-play system that can be used in the development of electric vehicles.
Based off the Portland company’s experience racing the MotoCzysz E1pc at the Isle of Man and FIM e-Power Championship, the MotoCzysz D1g1tal Dr1ve D1 uses Remy motors to produce 60kW (80hp) of continuous power, with a 75 kW (100hp) peak power delivery figure. The D1 comes with plenty of torque, 1000 Nm of torque to be precise (no, that’s not an extra zero, the motor makes 737 lbs•ft of torque). The feather-light D1g1tal Dr1ve D1 weighs under 150 lbs, making it ideal for a variety of applications. Available in May 2011, pricing will start under $8,999 as the MotoCzysz D1g1tal Dr1ve D1 will compete head-to-head with Mission Motors’ MissionEVT program.