**Investment will enhance manufacturing capability to fulfill buyer commitments and help additional enterprise enlargement**
**Secretary of State for Business, Energy and Industrial Strategy, the Rt Hon Greg Clark MP to open YASA’s new 100,000-unit capability manufacturing facility in Oxford immediately**
OXFORD, England–(BUSINESS WIRE)–February 1, 2018–
YASA, the world’s main producer of axial-flux electrical motors and controllers, immediately introduced elevating £15 million in development funding. Universal Partners joins Parkwalk Advisors and different present traders within the spherical, bringing the whole raised by the corporate to £35 million.
This press launch options multimedia. View the total launch right here: http://www.businesswire.com/information/house/20180131005889/en/
An axial-flux electrical motor manufactured by YASA (Photo: Business Wire)
This £15 million funding follows YASA’s signing of long-term growth and provide agreements with clients within the automotive sector. The firm has not too long ago opened a brand new 100,000-unit capability manufacturing facility in Oxford, UK to fulfill the rising demand for its merchandise. Eighty per cent of YASA’s manufacturing is destined for export to automotive producers internationally, together with China.
The new manufacturing facility can be formally opened immediately by the Secretary of State for Business, Energy and Industrial Strategy, the Rt Hon Greg Clark MP. A spread of YASA-powered autos can be on show on the occasion, together with vehicles from Nissan, Jaguar Land Rover and Williams Advanced Engineering.
The Business Secretary Greg Clark MP stated, “YASA is a superb instance of what could be achieved when authorities, academia and business come collectively to show the most effective concepts from the most effective minds into scale-up corporations.”
YASA’s revolutionary axial-flux electrical motor design presents best-in-class energy and torque densities and is ideally suited to each hybrid and pure electrical car functions. With YASA’s expertise, automotive producers have better design flexibility to enhance car efficiency while decreasing car weight.
YASA motors and controllers allow automotive producers to meet more and more stringent emissions targets while delivering thrilling driving experiences. In addition to automotive, YASA motors are used in marine functions and in aerospace the place excessive energy density and torque density are vital.
Dr. Chris Harris, YASA’s CEO stated, “Our clients want to undertake revolutionary new applied sciences akin to YASA’s axial-flux electrical motors and controllers in an effort to meet the wants of the quickly increasing hybrid and pure electrical automotive market. This further £15 million in development funding will allow YASA to additional spend money on the quantity manufacturing capability needed to fulfill our clients’ necessities, and to deal with markets past automotive together with aerospace and marine.”
Andrew Birrell of Universal Partners – who joins YASA’s board – stated, “YASA has distinctive and extremely differentiated axial-flux motor expertise that provides clear benefits by way of energy and torque density in comparison with their competitors in school. We are happy to have the chance to take a position and are very excited by the prospects for the Company.”
Alastair Kilgour, Chief Investment Officer at Parkwalk Advisors stated, “YASA has made glorious industrial progress over the previous two years and we’re happy to proceed to help the Company in this newest financing spherical. With the fast development of electrification in automotive and different sectors akin to aerospace and marine, we imagine YASA has big enterprise potential.”
YASA is the world’s main producer of axial-flux electrical motors and controllers for automotive, aerospace and marine functions. YASA’s proprietary electrical motor and controller merchandise supply the smallest, lightest kind issue for a given energy and torque requirement. The privately-held firm relies in Oxford, the UK’s automotive manufacturing heartland. Investors embody Parkwalk Advisors and Universal Partners.
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