With this new appointment, Elaphe adds to its board a person instrumental to the rise of modern e-mobility. Dr. Kohler will be joining Elaphe's advisory board to focus on Elaphe's business development, market positioning, and supporting activities with the growing OEM business.

EIT InnoEnergy has announced a 4.2 million Euro A+ investment in Elaphe Propulsion Technologies Ltd. (Elaphe), a world leader in electric in-wheel-drive technology for electric vehicles. The investment will serve as a springboard to secure further growth while giving Elaphe access to one of the most robust and respected sustainable energy and mobility innovation networks globally.