United Kingdom · Automotive startup

Advanced Electric Machines

Advanced Electric Machines (AEM) is a British technology company focused on designing and manufacturing sustainable electric motors and powertrain systems.

Funding reportedLast round: Series A

AutomotiveWashington, United Kingdom

About Advanced Electric Machines

Advanced Electric Machines (AEM) is a British technology company focused on designing and manufacturing sustainable electric motors and powertrain systems.

Founded in 2017 as a spin-out from Newcastle University, AEM is headquartered in Washington, Tyne and Wear. The company has developed innovative electric motors that eliminate the need for rare-earth magnets and copper windings, offering high performance, efficiency, and recyclability. AEM holds 46 international patents and has secured significant funding to support its growth. AEM provides a range of services, including custom electric motor design, powertrain system integration, and sustainable manufacturing solutions. Its flagship product line features High Density Switched Reluctance Motors (HDSRM), which are suitable for various applications, including passenger cars, commercial vehicles, aerospace, and industrial systems. AEM collaborates with global automotive manufacturers and industrial partners to advance sustainable electric propulsion technologies, aiming to scale production to 100,000 motors annually by 2026-2027.

What company datasets say Advanced Electric Machines raised

Funding, as reported

Reported in all24.6Min the source's currency
Rounds3
Last roundSeries A
Last round size21M
Last round dateNov 2023
Investors listed7

Funding filed with regulators

Advanced Electric Machines filed 2 raises, $10M in all. Filings say how much was sold and to how many investors; they never name the investors.

  1. Nov 2022$1.9MUK share allotment
  2. Jul 2022$8.5MUK share allotment

Founders and team

From Advanced Electric Machines's own website: 2 founders, 4 on the team.

Dr James WidmerChief Executive Officer, Co-founder
Dr Andy StevenCo-founder
  • Jeremy NorthChief Financial Officer
  • Mark JohnsonChief Technical Officer
  • Mark LeaverDeputy Chief Technical Officer
  • Mike O'NeillChief Operating Officer

On a portfolio page

Investors who name them

Each firm lists Advanced Electric Machines on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

bespoke electric solutionsmodular system integrationenvironmental servicesmagnet-free electric motorssupply chain resiliencerare-earth-free motorsb2blightweight designadvanced motor designflexible applicationsev transmission designgreen mobility innovationindustrial automationperformance enhancementautomotive oemscost-effective electric motors

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Sector
Automotive
Industry code
NAICS 33631, 335312, 336320, SIC 3612, 3621, 3714
Region
England
Revenue
3.1M a year, as listed
Full record
Every detail in the company directory

Automotive in United Kingdom

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