Advanced Electric Machines is a sustainable motor manufacturing primarily for the automotive industry. Here are details of Advanced Electric Machines‘ latest funding round :
🚀 Launch
2017
🏭 Industry
Electrics
🧠Management
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)