British electrics Advanced Electric Machines raises a £23M Series A round to scale up production capacity

Advanced Electric Machines is a sustainable motor manufacturing primarily for the automotive industry. Here are details of Advanced Electric Machines‘ latest funding round :

🚀 Launch


🏭 Industry



James Widmer (CEO)

💸 Funding & Investors

INVESTMENT (Novembre 2023)£23 million (Series A)
INVESTORS (Novembre 2023)led by Legal & General Capital and Barclays Sustainable
Impact Capital
with significant additional investment from Par Equity. Other investors included Northstar Ventures, the Low Carbon Innovation Fund 2 and Turquoise Capital LLP.

🎯 Funding purpose

Scale up production capacity at its facility in the North East, establish a global sales footprint, and bolster R&D capabilities.

🌐 Country HQ

UK (Washington)

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