9 years ago

Avid Technology Group Raises £3.4 Million to Develop Electric Vehicle Powertrain Systems

  • Avid Technology Group, a UK-based manufacturer of electrified vehicle powertrain systems, has raised £3.4 million in funding

  • The funding will be used to develop the company's engineering and manufacturing capabilities at its Cramlington facility

  • The lead investor in the round was NVM Private Equity.

      • ProblemTechnology

      "Making diesel engines more efficient and enabling electric vehicles to be more performant to reduce emissions."

      Solution

      "Avid Technology offers powertrain systems for diesel and electric vehicles. These powertrain systems help improve the efficiency of diesel engines and enable the creation of high-performance electric, hybrid and fuel cell vehicle powertrains."

      Covered on