With growing demand for high power density electric motors, YASA is expanding its business

YASA, the British manufacturer of axial-flux electric motors and controllers, announced closing a £18 million (€20 million/$22.5 million) funding round.

It is another step to scale up the company, which recently was selected as the supplier for the plug-in hybrid Ferrari SF90 Stradale.

"The new funding will enable the company to scale to meet rapidly growing customer demand from the automotive and aerospace sectors. Existing investors Parkwalk Advisors and Universal Partners have been joined in the round by Oxford Sciences Innovation(OSI) and Inovia Capital.

YASA’s innovative axial-flux electric motor and controller designs offer best-in-class power and torque densities and are ideally suited to both hybrid and pure electric applications, allowing manufacturers to improve electric vehicle performance whilst reducing vehicle weight."

The press release doesn't contain details, but thanks to previous investments, YASA was already capable of producing up to 100,000 motors annually using its new production facility in Oxford, UK.

Dr. Chris Harris, YASA’s CEO said:

“This funding round is helping prepare the company to meet the rapidly increasing volume of demand for our electric motors and controllers from our automotive customers. We’re pleased to welcome OSI and Inovia onboard as investors – both share our long-term vision for the company and bring tremendous operational experience that will help us realise our full potential.”

YASA Announces Partnership With Global OEM

Gallery: Ferrari SF90 Stradale

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Electric motor and controller manufacturer YASA closes £18m funding round, sets stage for rapid growth

Sep 10, 2019

** New funding stages company for next phase of rapid growth in response to customer demand **

** Announcement follows the recent launch of a luxury production vehicle incorporating custom YASA motor**

OXFORD, U.K. – YASA, the world’s leading manufacturer of axial-flux electric motors and controllers for hybrid and pure electric vehicles,today announced closing a £18m (€20m) funding round. The new funding will enable the company to scale to meet rapidly growing customer demand from the automotive and aerospace sectors. Existing investors Parkwalk Advisors and Universal Partners have been joined in the round by Oxford Sciences Innovation(OSI) and Inovia Capital.

YASA’s innovative axial-flux electric motor and controller designs offer best-in-class power and torque densities and are ideally suited to both hybrid and pure electric applications, allowing manufacturers to improve electric vehicle performance whilst reducing vehicle weight.

This news follows YASA’s announcement in May 2019 that a luxury hybrid electric car now in series production is powered by a custom YASA motor.

Speaking of the new funding round, Charles Conn CEO at OSI said, “We have been tracking YASA’s progress for a number of years and are pleased to have the opportunity to invest in one of the UK’s most exciting high-growth technology companies that is well positioned to take advantage of the rapid move to electrification in both automotive and aerospace sectors.”

Patrick Pichette, General Partner at Inovia Capital said, “YASA exemplifies what we look for in our portfolio companies – a company with high-growth potential and a team that’s passionate about building a better world through the discovery and application of innovative technology. YASA’s electric motors and controllers are opening up entirely new opportunities for vehicle manufacturers, enabling them to create exciting electric driving experiences while reducing the impact on the environment. We look forward to enabling the company to grow and secure its place at the centre of the electrification revolution.”

Dr. Chris Harris, YASA’s CEO said, “This funding round is helping prepare the company to meet the rapidly increasing volume of demand for our electric motors and controllers from our automotive customers. We’re pleased to welcome OSI and Inovia onboard as investors – both share our long-term vision for the company and bring tremendous operational experience that will help us realise our full potential.”