Visedo, a Finnish manufacturer specializing in electric powertrains and components, has secured a financing package worth €20 million ($21 million) to support its international growth plans.

Founded in 2009, Visedo specializes in electric powertrains and components for heavy-duty machinery, commercial vehicles and the marine industry. Its powertrains are suitable for hybrid and electric systems in the power range of 30 kW to 2,000 kW.

Visedo electric machines are based on synchronous reluctance assisted permanent magnet technology (SRPM), which the company says combines the benefits of PM and synchronous reluctance motor technologies, offering smaller dimensions, lighter weight and higher efficiency. They are liquid-cooled and designed to work as traction motors in harsh operating environments.

The motors are available in various speed and torque ratings in both Visedo machine series:

• PowerDRUM, with power up to 4,000 kW – high torque with high efficiency
• PowerDISK, with power up to 75 kW – short axial length to fit in tight spaces

Visedo supplies an electric drivetrain for the new Businova hybrid bus from French manufacturer Safra. The new buses are already in serial production, and the first vehicles are being delivered to cities in France.

Visedo currently operates in Finland and the Netherlands and has clients in 19 countries. Market growth is strong in Asia, and the next step is to open a new office in Hong Kong.

“The company has grown at an annual rate of 100 percent, and the new funds will enable us to invest in sales and marketing to take our business to a new level in Europe and Asia,” says Kimmo Rauma, CEO of Visedo. “The added value that we create for clients is not merely technological. We offer the best expertise in the electric system as a whole. These additional funds will enable us to ensure that we are known globally.”

Source: Visedo via Green Car Congress