AEM raises £16 million to expand its rare-earth-free motor range
Portfolio company Advanced Electric Machines (AEM) has secured £16 million of new investment to accelerate the development of its rare-earth-free electric motor portfolio. The funds will be used to support the development of an extended range of rare-earth free motors with a focus on heavy commercial vehicle and industrial applications. evertiq Northstar Ventures invested alongside Barclays Climate Ventures, PXN Ventures and the Low Carbon Innovation [...]









