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Drive System Designs establishes new product development company

Automotive engineering consultancy firm Drive System Designs (DSD) has announced the establishment of Evolute Drives – a product development company tasked with advancing DSD’s new technologies.
Evolute Drives will develop MSYS (a multispeed hybrid and electric vehicle transmission) to design stage, advancing the project so that it can be licensed for manufacture. The new company will allow DSD, which was founded in 2007, to remain focused on consultancy.
“Engineering consultancies can face a challenge,” says DSD managing director Mark Findlay. “They are staffed by intelligent and creative engineers, but often have no convenient way to develop innovate ideas into new technologies. By creating a completely separate entity in which to develop the MSYS product, we can step up out investment while sending a clear signal to our consultancy clients that they will retain the rights to technologies arising from programs they have funded.”

Evolute will focus on inward investment and grant funding for the development of MSYS, with a view to licensing the technology when it is ready for production. A three-speed transmission for next generation hybrid and electric vehicles, MSYS won a Road Transport Innovation award at the ecoConnect Cleantech Innovate 2014 Showcase in February.
While it will initially be run by senior staff on secondment from DSD, Evolute will later have its own separate management team. DSD will also transfer its membership of The Proving Factory – a UK government-backed project creating low-volume manufacturing and assembly facilities for low-carbon technology companies – to Evolute Drives.
“The benefit of technology derived from independent ideas from within a consultancy company is that they are immediately relevant to applications in development rather than just a good idea looking for a suitable application,” says Evolute managing director Alex Tylee-Birdsall. “The company will also benefit from the extensive knowledge and experience contained within DSD. It is an exciting moment for us and will bring significant benefit to both companies.”

15 May 2014


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