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AEM secures £16M to enhance its rare earth-free electric motor technology. The funding will support product portfolio expansion and development of new electric propulsion solutions.
Amount Raised
£16 Million
Round Type
Venture
WashingtonManufacturingAutomotiveElectronicsInvestors
Description
Advanced Electric Machines Group (AEM) has secured £16 million to accelerate the innovation of its electric motors. The funding will promote the company's expansion in the electric propulsion sector and enhance its manufacturing capabilities. Key investors include Barclays Climate Ventures, PXN Ventures, Northstar Ventures, and the Low Carbon Innovation Fund. This investment will facilitate the development of advanced motor technologies in Washington.
Fundz sees it the moment Advanced Electric Machines Group raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Advanced Electric Machines Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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