2 years ago

Advanced Electric Machines Raises £23M for Sustainable Motor Manufacturing

  • Advanced Electric Machines (AEM), a UK-based company specializing in sustainable motor manufacturing for the automotive industry, secured £23M in Series A funding led by Legal & General Capital and Barclays Sustainable Impact Capital

  • The funds will be used to scale up production, establish a global sales footprint, and bolster R&D capabilities

  • AEM has developed motor technologies that eliminate the need for rare earth metals in EV motors, reducing environmental impact and dependence on critical supply chains.

      • ProblemTechnology

      "Electric vehicle manufacturers are heavily reliant on rare earth metals for their motors, which are both environmentally harmful to produce and come from unreliable supply chains, particularly China."

      Solution

      "AEM has developed electric motors that don't require polluting rare earth metals, allowing EV manufacturers to reduce their environmental impact and dependence on critical supply chains without compromising on performance."

      Covered on