Developed to extend the range of battery electric and hybrid vehicles, MSYS drivetrain technology is being aimed initially at premium markets.
However, managing director Alex Tylee-Birdsall says the company also has product under development suitable for the higher volume mainstream automotive industry.
He says the latter comprise cost-effective gearboxes for conventional powertrains catering for the needs of developing markets such as India.
"The German carmakers in particular, which tend to be global leaders in automotive technology development, are already expressing a keen interest in our high efficiency transmission for hybrid and electric vehicles," says Tylee-Birdsall.
"OEM success in electric and hybrid vehicles has emerged very clearly around premium level vehicles. That's why we've aimed initially at these early adopters of electric vehicle technology."
As a start-up company, Evolute Drives has been registered under the UK's Enterprise Investment Scheme, which provides significant tax incentives for investors in new technology.
Tylee-Birdsall says the HEV transmission products developed by the company are at a high level of technology and manufacturing readiness.
The company has been created as a spin-off business by DSD to accelerate the production of its portfolio of driveline technologies and in particular its innovative MSYS gearbox, he explains.
"We're on course for initial low volume production, and scheduled to be profitable from 2018 onwards, with additional products available to launch by 2022," says Tylee-Birdsall.
"The 2018 milestone will provide an initial opportunity for incoming investors to exit through an automotive industry sale following a year of successful low volume production."
The MSYS transmission was originally developed under a three year Technology Strategy Board (now InnovateUK) grant awarded in 2011.
In 2013, DSD was named a key member of a £16 million UK government supported consortium known as the Evoque_E development programme.
Almost completed, the project has investigated several evolving powertrain options, including multispeed transmissions and the potential for doubling electric vehicle motor speeds.
Other industry leaders of the Evoque_E consortium were AVL, Delta Motorsport, GKN Driveline, Jaguar Land Rover, Motor Design, Tata Steel, Williams Advanced Engineering, and Zytek.
The consortium was supported by the universities of Bristol, Cranfield and Newcastle.
"There is a real commercial opportunity for an efficient 4-5 speed AMT, rather than the larger, more complex and more expensive dual-clutch transmission (DCT) systems," states says Tylee-Birdsall.
"Consequently, we're receiving serious enquiries and genuine interest in these markets for our patented high-efficiency gearbox designs."
Prospective investors can skype Sean Butcher at 'seanbutcher' or contact him on +44 7725 249528 or sean.butcher@ansonglobal.com