Uk-Based Advanced Electric Machines Ramps £23M Funding To Build Metal-Free Sustainable Ev Motors
Amount Raised
£23 Million
Round Type
Funding Round
WashingtonManufacturingInvestors
Description
Now, AEM has secured £23 million in Series A funding led by London-based Legal & General Capital and Barclays Sustainable Impact Capital with additional investment from Par Equity. Other investors in the round are Northstar Ventures, the Low Carbon Innovation Fund 2 and Turquoise Capital LLP known for investing in Appital.
Quick answer
Advanced Electric Machines raised £23 Million in a Funding Round round, dated November 24, 2023. Investors: Turquoise Capital LLP, Northstar Ventures, Par Equity, Barclays Sustainable Impact Capital and Legal & General Capital. Advanced Electric Machines is based in Washington, England, United Kingdom.
- How much did Advanced Electric Machines raise?
- Advanced Electric Machines raised £23 Million in a Funding Round round on November 24, 2023.
- Who invested in Advanced Electric Machines?
- Turquoise Capital LLP, Northstar Ventures, Par Equity, Barclays Sustainable Impact Capital and Legal & General Capital are named as investors in this round.
- What does Advanced Electric Machines do?
- Advanced Electric Machines (AEM) designs and manufactures next-generation sustainable electric motors and powertrain systems that eliminate rare-earth magnets and copper windings whilst still offering market-leading..
- Where is Advanced Electric Machines based and how big is it?
- Advanced Electric Machines is based in Washington, England, United Kingdom.
- Who are the decision-makers at Advanced Electric Machines?
- Fundz holds 1 contact at Advanced Electric Machines. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Manufacturing around the same time
Companies in the same sectors as Advanced Electric Machines that raised within 45 days of this round, from Fundz verified event records.
- Hadrian raised $86M on December 11, 2023.
- OnPoint Surgical raised $20 on January 8, 2024.
- Vescent Technologies raised $3.4M (Seed) on January 5, 2024.
- Country Delight raised $20M (Funding Round) on January 5, 2024.
- ViaLase raised $45M (Seed) on January 5, 2024.
- WEG raised $300K (Seed) on January 4, 2024.
Who to call at Advanced Electric Machines, and when
A new round usually means Advanced Electric Machines is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Advanced Electric Machines raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Advanced Electric Machines, from your own LinkedIn network
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Related People
Advanced Electric Machines 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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