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Turntide Technologies Secures £17 Million UK Government Grant to Boost Production of Axial Flux Motors.
Aug 10, 2026•about 2 hours ago
Contract Type
partnership
Description
Turntide Technologies has been awarded £17 million in funding from the UK Government's DRIVE35 program for Project SUPREME. This initiative aims to enhance the production efficiency of axial flux motors, addressing manufacturing challenges and meeting the rising demand for high-performance powertrains.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months