2 years ago

Advanced Electric Machines Raises £23 Million for Sustainable EV Motors

  • Advanced Electric Machines (AEM), a UK-based startup developing sustainable electric motors without copper, has secured £23 million in Series A funding led by Legal & General Capital and Barclays Sustainable Impact Capital

  • The funding will be used to scale up production, create new jobs, expand globally, and accelerate the development of its electric motor technologies

  • AEM's HDSRM motor for commercial vehicles is already in production and the company plans to bring its SSRD motor for passenger vehicles to market soon.

      • ProblemTechnology

      "Electric vehicles need motors, but most current motors rely on rare earth magnets and copper, which are expensive, environmentally damaging, and hard to source."

      Solution

      "Advanced Electric Machines (AEM) has developed electric motors that don't use rare earth magnets or copper, making them more sustainable and less reliant on volatile supply chains. Their technology also delivers better performance and efficiency than traditional motors."

      Covered on