New Motion Labs raised £1.8M in an equity crowdfunding round led by the South West Investment Fund to accelerate growth and enhance its innovative drivetrain technology.
Amount Raised
£1.8 Million
Round Type
Equity Crowdfunding
ExeterManufacturingAutomotiveInvestors
Description
New Motion Labs (NML) has secured over £890,000 in equity investment as part of a £1.8M funding round managed by The FSE Group. This funding aims to support the company's growth plans and its development of drivetrain technology for various mobility and industrial markets.
Quick answer
New Motion Labs raised £1.8 Million in a Equity Crowdfunding round, dated August 5, 2024. Investors: South West Investment Fund. New Motion Labs is based in Exeter, England, United Kingdom.
- How much did New Motion Labs raise?
- New Motion Labs raised £1.8 Million in a Equity Crowdfunding round on August 5, 2024.
- Who invested in New Motion Labs?
- South West Investment Fund is named as investors in this round.
- What does New Motion Labs do?
- New Motion Labs (NML) is a pioneering developer of innovative drivetrain technology for mobility and industrial markets.
- Where is New Motion Labs based and how big is it?
- New Motion Labs is based in Exeter, England, United Kingdom.
- Who are the decision-makers at New Motion Labs?
- Fundz holds 1 contact at New Motion Labs. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Automotive and Manufacturing around the same time
Companies in the same sectors as New Motion Labs that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
- DeepDrive raised $33M (Series B) on September 19, 2024.
- Specter raised $2.2M (Seed) on September 10, 2024.
- Nautical Wings Aerospace raised an undisclosed amount (Pre-Series A) on September 6, 2024.
- Aptera Motors raised $200K (Seed) on August 23, 2024.
- Aeon Industries raised $173K (Pre-Seed) on August 20, 2024.
Who to call at New Motion Labs, and when
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- An alert the day New Motion Labs raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at New Motion Labs, from your own LinkedIn network
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Related People
New Motion Labs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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