# Advanced Electric Machines: Automotive, Washington, United Kingdom

> Advanced Electric Machines: Advanced Electric Machines (AEM) is a British technology company focused on designing and manufacturing sustainable electric...

Source: https://millionrounds.com/startup/advanced-electric-machines (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Automotive startup](https://millionrounds.com/companies)

# Advanced Electric Machines

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

Funding reported Last round: Series A

Automotive Washington, United Kingdom

Company summary

- **Founded:** 2017 9 years old
- **Team:** 61 51 to 200 people
- **Funding reported:** 24.6M as listed, currency not stated
- **Last round:** Series A Nov 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Advanced Electric Machines has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 all **24.6M** in the source's currency

Rounds **3**

Last round **Series A**

Last round size **21M**

Last round date **Nov 2023**

Investors listed **7**

## 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.

- Nov 2022 **$1.9M** UK share allotment
- Jul 2022 **$8.5M** UK share allotment

## Founders and team

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

**Dr James Widmer** Chief Executive Officer, Co-founder

**Dr Andy Steven** Co-founder

- **Jeremy North** Chief Financial Officer
- **Mark Johnson** Chief Technical Officer
- **Mark Leaver** Deputy Chief Technical Officer
- **Mike O'Neill** Chief Operating Officer

## On a portfolio page

Investors who name them

- [Shackleton Ventures](https://millionrounds.com/fund/shackleton-ventures)

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 solutions modular system integration environmental services magnet-free electric motors supply chain resilience rare-earth-free motors b2b lightweight design advanced motor design flexible applications ev transmission design green mobility innovation industrial automation performance enhancement automotive oems cost-effective electric motors

Built with from their website

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+8 more

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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](https://millionrounds.com/directory/advanced-electric-machines)

## Automotive in United Kingdom

Startups like it

- [**Breathe Battery Technologies** founded 2019 *Raised*](https://millionrounds.com/company/breathe-battery-technologies)
- [**cinch** London · founded 2018](https://millionrounds.com/startup/cinch)
- [**ARCTIC TRUCKS** Warwick · founded 1990](https://millionrounds.com/startup/arctic-trucks)
- [**Group 1 Automotive UK** Birmingham · founded 2011](https://millionrounds.com/startup/inactive-group-1-automotive-uk)
- [**HVS (Hydrogen Vehicle Systems)** Glasgow · founded 2017](https://millionrounds.com/startup/hvs-hydrogen-vehicle-systems)
- [**Sherbet Electric Taxis** London · founded 2013](https://millionrounds.com/startup/sherbet-electric-taxis)
- [**Rhino Products** Ellesmere Port · founded 2003](https://millionrounds.com/startup/rhino-products)
- [**Revive! UK** Rugby · founded 2004](https://millionrounds.com/startup/revive-uk)

## Is this your company?

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