Advanced Electric Machines

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.