Advanced Electric Machines designs and manufactures electric traction motors that avoid rare earth magnets and copper rotors, making them cheaper to source and fully recyclable. It supplies automotive and commercial vehicle manufacturers from its Newcastle plant.
Rare-earth-free and magnet-free electric motors for commercial and passenger vehicles
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£16,000,000
Total raised
-
Valuation
60
Employees
2017
Founded
Latest round
Growth - August 1, 2026
Growth - £16,000,000
August 1, 2026
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