Advanced Electric Machines

Investor: Barclays Climate Ventures, PXN Ventures, Northstar Ventures, and the Low Carbon Innovation Fund

Advanced Electric Machines has secured £16m in funding to scale up production and accelerate development of its next-generation high-torque motor platform. Summary of transaction details: Value: £16m Sector: DeepTech & AI Advisor: None Key Entities: Advanced Electric Machines, Barclays Climate Ventures, PXN Ventures, Northstar Ventures, and the Low Carbon Innovation Fund Location: UK Note: The investment will help Advanced Electric Machines expand its production capacity and support the rollout of its higher-torque HDRM commercial vehicle platform and its SSRD motor technology for passenger vehicles, driving the company's growth and positioning it for success in the transition to electrification.

Investor: Barclays Climate Ventures, PXN Ventures, Northstar Ventures, Low Carbon Innovation Fund, Innovate UK

Advanced Electric Machines, a UK-based manufacturer of electric motors and powertrain systems, has successfully secured £16 million in a new funding round. This significant investment aims to accelerate the development of its next-generation high-torque motor platforms and expand its technology into more demanding commercial vehicle and industrial applications.Summary of transaction details:Value: £16 millionSector: Industrials & EnergyAdvisor: Turquoise International, Magma International AGKey Entities: Advanced Electric Machines (Target); Barclays Climate Ventures, PXN Ventures, Northstar Ventures, Low Carbon Innovation Fund, Innovate UK (Investors)Location: Wearside, Washington, UK (Target company's plant)Note: This funding round highlights a strong commitment from investors to support the transition to electrification, particularly in industries seeking high-performance, cost-competitive motor technologies free from rare earth materials. The investment will enable Advanced Electric Machines to scale its product offerings and production capacity to meet growing global demand.

Investor: Barclays Sustainable Impact Capital, Low Carbon Innovation Fund 2 (LCIF2), Northstar Ventures, Turquoise Capital LLP, Par Equity, Legal & General Capital