BMW i Ventures Announces Investment in Software Motor Company.
(WorldNews Environment)

Mountain View, Calif. (January 22, 2020)... BMW i Ventures announced today an investment in Software Motor Company (SMC) a Silicon Valley-based company developing the world`s most reliable, efficient and intelligent motor systems. The new funding will enable SMC to further scale its business and accelerate product development. `Electric motors are a massive, $100B market, and they move our modern world, while consuming over 45% of the world`s electricity. So investing in a company that can deliver huge electrical cost savings, while selling motor systems that are lower cost, more reliable, and made from more sustainable materials seems like a no-brainer,` said...