Advanced Electric Machines secures £23m in Series A funding to expand sustainable motor production.

Advanced Electric Machines has secured £23m in Series A funding to scale production capacity and accelerate the commercial rollout of its sustainable electric motor technology. The round was co-led by Legal & General Capital and Barclays Sustainable Impact Capital, with additional backing from Par Equity, Northstar Ventures, the Low Carbon Innovation Fund 2, and Turquoise Capital.

The company will use the capital to expand manufacturing operations at its facility in the North East of England and establish a global sales footprint. The investment will also support research and development efforts for its passenger vehicle motor technology, aiming to reduce the environmental impact of the electric vehicle sector.

Formed as a spin-out from Newcastle University, Advanced Electric Machines develops powertrain systems that eliminate the reliance on copper and rare-earth magnets. The latest financing will enable the business to meet growing international demand across transport markets in Europe, North America, and the Asia Pacific region.