Hillcrest Energy Technologies Ltd V.HRH

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Currently, electric vehicles use single-speed motors. But Inmotive says its patented mechanical two-speed transmission makes EVs up to 15 per cent more efficient, thereby extending their range or allowing automakers to use smaller, cheaper batteries and still meet performance expectations.

The situation demonstrates that even as electric vehicle performance is often linked to battery chemistry and size, there is also a burgeoning group of companies focused on innovation in other areas, such as the motor.

https://financialpost.com/commodities/energy/electric-vehicles/toronto-startup-inmotive-deal-suzuki-two-speed-ev-transmission