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 [...]