YASA, a manufacturer of axial-flux electric motors and controllers for hybrids and EVs, has closed an £18-million funding round. YASA says the new funding will enable it to scale to meet growing customer demand from the automotive and aerospace sectors.
Investors include Oxford Sciences Innovation (OSI) and Inovia Capital, which join existing investors Parkwalk Advisors and Universal Partners.
YASA says its axial-flux electric motor and controller designs offer best-in-class power and torque densities and are ideally suited to both hybrid and fully electric applications.
YASA CEO Dr. Chris Harris said, “This funding round is helping prepare the company to meet the rapidly increasing volume of demand for our electric motors and controllers from our automotive customers.”