DEPECHE INFO: Renault acquires a stake in the Lot-based company Whylot

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The news broke during the day: the Renault Group has just committed its stake in the capital of the Lotoise company Whylot, located in the Quercypôle du Grand Figeac business area.

This Renault stake in the Figeacoise start-up specializing in innovative electric motors amounts to 21%. “This investment strengthens the existing collaboration between the two companies aimed at developing and industrializing an innovative axial flow automotive e-motor, a breakthrough technology for electrified applications”, communicates the French automotive group.

Announced in June 2021, Renault Group previously signed a partnership with Whylot founded by Romain Ravaud in 2011, in order to develop and industrialize on a large scale this innovative automotive e-motor with axial flow. This technology will be applied to the powertrain equipment of electric and hybrid vehicles, with the objective of reducing costs while saving CO2 emissions.

Large-scale production from 2025

The French manufacturer will be the first to produce an electric motor equipped with this innovative technology, on a large scale from 2025.
“We are delighted to take a new 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 acquisition of a stake in the company’s capital is a further demonstration of our attachment to our French roots and to the industrial anchoring of Renault Group in France with the desire to produce popular electric and electrified cars there. , affordable and profitable ”, declares Philippe Brunet, Director of thermal and electrical power generation, Alliance.

Romain Ravaud the founder of Whylot.
DDM – Laetitia Bertoni

Ten years of research and 45 patents filed by Whylot

This capital investment will allow Renault Group and Whylot to position themselves in the years to come as leaders in the development and industrialization of innovative and affordable electric motors and to support the very strong growth of the electrified vehicle market in France and in Europe.

After ten years of research and 45 patents filed, Whylot, winner of the France Relance Project, therefore confirms its leadership position by offering the best axial flow motor on the market. Romain Ravaud confided to us this evening with pride: “To finally see the investment and the commitment of his team to work on highly strategic and efficient engines.” A fine achievement for these researchers from Figeacois who have made innovation and invention their daily life for 10 years now in a city that until then had focused on aeronautics.

As for the Renault Group, it recalls that it relies “on the complementarity of its 5 brands – Renault – Dacia – LADA – Alpine and Mobilize – and offers sustainable and innovative mobility solutions to its customers. Established in more than 130 countries, the Group sold 2.9 million vehicles in 2020. It has more than 170,000 employees. Renault Group aims to achieve carbon neutrality in Europe by 2040 “.