Tech Company Financing Transactions
Advanced Electric Machines Funding Round
Legal & General, Barclays Sustainable and Impact Banking and Low Carbon Innovation Fund participated in a $29 million Series A capital raise for Advanced Electric Machines. The funding round was recorded on 11/23/2023.
Transaction Overview
Company Name
Announced On
11/23/2023
Transaction Type
Venture Equity
Amount
$28,980,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to scale up production capacity at its facility in the North East, establish a global sales footprint, and bolster R&D capabilities.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Blaydon
Newcastle upon Tyne, Undisclosed
UK
Newcastle upon Tyne, Undisclosed
UK
Phone
Undisclosed
Email Address
Overview
Advanced Electric Machines Ltd (AEM) was formed in November 2016 to deliver world class motor and drivetrain systems for Low Carbon Vehicles with a focus on cost effective high performance and minimal environmental impact. AEM is focused on putting Britain ahead in the global race for the development of new low carbon propulsion technologiesaiming to use a UK manufacturing base to export products all over the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
James Widmer
Chief Technical Officer
Andy Steven
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