Advanced Electric Machines

Based in the UK, Advanced Electric Machines Ltd specializes in innovative electric powertrain technologies, eliminating rare earth materials and enhancing efficiency for various sectors such as transportation, aerospace, and maritime industries. Founded in 2017 in Washington, UK, Advanced Electric Machines Ltd focuses on designing and manufacturing magnet-free electric powertrain technologies. James Widmer (CEO) and Dr Andy Steven (CTO) are co-founders.63 million post-money. James Widmer (CEO) and Dr Andy Steven (CTO) are co-founders. Advanced Electric Machines specializes in high-efficiency electric motor solutions, engineered to provide superior performance and range while avoiding reliance on rare earth materials. Their offerings cater to industries including passenger vehicles, commercial applications, aerospace, and maritime sectors, supporting manufacturers who aim for sustainability without sacrificing performance. The revenue generation model of Advanced Electric Machines is predominantly B2B, engaging in direct collaborations with manufacturers and industry partners. Their products, such as the HDRM 300 and HDRM 150, are priced based on customization and complexity, with transactions consisting of both one-time purchases and long-term agreements for ongoing support, thus fostering robust client relationships.

1. Series A

   Nov 6, 2023

   Amount

   $25M

   Investors

   Locked

2. Series A

   Dec 18, 2019

   Amount

   $2.5M

   Investors

   Locked