Info
Info

Electric motor and controller manufacturer YASA closes £18 million funding round

News

YASA, a leading manufacturer of axial-flux electric motors and controllers for hybrid and pure electric vehicles, announced closing a £18 million ($22.32 million) funding round.

Info

The new funding will enable the company to scale to meet rapidly growing customer demand from the automotive and aerospace sectors. Existing investors Parkwalk Advisors and Universal Partners have been joined in the round by Oxford Sciences Innovation (OSI) and Inovia Capital.

YASA's innovative axial-flux electric motor and controller designs offer best-in-class power and torque densities and are ideally suited to both hybrid and pure electric applications, allowing manufacturers to improve electric vehicle performance whilst reducing vehicle weight. This news follows YASA's announcement in May 2019 that a luxury hybrid electric car now in series production is powered by a custom YASA motor.

Speaking of the new funding round, Charles Conn CEO at OSI said, “We have been tracking YASA's progress for a number of years and are pleased to have the opportunity to invest in one of the UK's most exciting high-growth technology companies that is well positioned to take advantage of the rapid move to electrification in both automotive and aerospace sectors.”

Patrick Pichette, General Partner at Inovia Capital said, “YASA exemplifies what we look for in our portfolio companies - a company with high-growth potential and a team that's passionate about building a better world through the discovery and application of innovative technology. YASA's electric motors and controllers are opening up entirely new opportunities for vehicle manufacturers, enabling them to create exciting electric driving experiences while reducing the impact on the environment. We look forward to enabling the company to grow and secure its place at the centre of the electrification revolution.”

Dr. Chris Harris, YASA's CEO said, “This funding round is helping prepare the company to meet the rapidly increasing volume of demand for our electric motors and controllers from our automotive customers. We're pleased to welcome OSI and Inovia onboard as investors - both share our long-term vision for the company and bring tremendous operational experience that will help us realise our full potential.”


The Latest News, Brought To You By
Electric motor and controller manufacturer YASA closes £18 million funding round
Modified on Wednesday 11th September 2019
Find all articles related to:
Electric motor and controller manufacturer YASA closes £18 million funding round
TaaS Technology Magazine
Info
Citroën Launches The New C5 Aircross SUV Hybrid
BorgWarner To Supply P2 Hybrid Solutions For ChangAn’s New Transmission
London Lime Riders Log Over 1 Million Rides On Dockless E-Bikes
BMW I And Grid Operator TenneT Pilot New Type Of Charging Strategy For EVs Using The BMW I3
Volkswagen Starts Pre-production In First Plant Purely Focused On E-mobility In China
Volkswagen To Unveil ID. SPACE VIZZION At The Los Angeles Auto Show
MAHLE’s New 48-volt Battery Boosts Mild-hybrid Performance
HUBER+SUHNER Expands High Voltage Product Portfolio For EVs
Peugeot To Launch A Fully Electric Version Of Its Expert Van In The Second Half Of 2020
BMW Sheds Light On Its Future Electrified Vehicle Launches
Blink Charging Deploys EV Charging Stations At Hotel Rose, Portland
World’s First Mobility-as-a-Service Operator MaaS Global Completes €29.5M Funding Round
BP Invests In City Mobility Start-up MaaS Global
Volvo Offers Free Charging For A Year To Its PHEV Buyers In The UK
ZF Becomes A New Partner Of The Mobility As A Service Alliance
John Lawler Takes Over As The CEO Of Ford Autonomous Vehicles LLC
BYD, Toyota Establish Joint Company For BEV Research And Development
Zapp Readies The I300 Performance City Bike For Deliveries
MIT And Toyota Researchers Develop System To Help Driverless Cars Tackle Tricky Intersections
Chevrolet’s E-10 Concept Electrifies Hot Rodding World
Driver Monitoring Technology To Be Available On DS Automobiles’ Vehicles Ahead Of 2022 Safety Deadline
Ford Ropes In Former Zipcar CEO To Define Customer Experience For Its Autonomous Vehicles
O2 Plans Rollout 5G Connectivity For London-based Testbed For Self-driving Vehicles
Tevva Launches Programme To Deploy Electric Trucks Across UK And Europe
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}