AEM Archives - Shackleton Ventures

AEM raises £16 million to expand its rare-earth-free motor range
AEM raises £16 million to expand its rare-earth-free motor range

Funding, News, Press Release

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 [...]

Deborah Hudson2026-09-29T03:54:20+00:00August 4th, 2026|Categories: Funding, News, Press Release|Tags: AEM, funding|

AEM: Strategic Expansion into India via Landmark Licensing Deal

Advanced Electric Machines (AEM), the UK-based leader in sustainable, magnet-free electric motors, has signed a major technology licensing agreement with Sterling Tools Limited, a leading Indian automotive component manufacturer. This partnership marks a significant milestone in AEM’s global expansion, enabling the large-scale production of its rare-earth-free motor technology within one of the world's fastest-growing electric vehicle (EV) markets. Under the agreement, Sterling Tools' subsidiary, Sterling [...]

Deborah Hudson2026-02-16T19:12:08+00:00May 16th, 2025|Categories: News, Press Release|Tags: AEM|

AEM secures £23m for its rare-earth free motors

Shackleton investee, Advanced Electric Machines (AEM), a leader in sustainable motor manufacturing primarily for the automotive industry, has secured £23 million of new investment. The funding will be used to scale up production capacity at its facility in the North East, deliver on ambitious growth plans to establish a global sales footprint, and bolster R&D capabilities. AEM's motors are used by Adgero, another of our [...]

Deborah Hudson2024-01-08T17:18:37+00:00November 20th, 2023|Categories: Funding, News|Tags: Adgero, AEM, funding|