FundedIQ
Manufacturing

Advanced Electric Machines

Advanced Electric Machines (AEM) develops and manufactures eco-friendly electric motors and powertrain systems that achieve exceptional performance and efficiency and eliminate the need for rare-earth magnets and copper windings. AEM collaborates with top-tier academics, global vehicle manufacturers, and leading industrial partners to deliver advanced technologies for electric vehicles. They have partnered with Bentley Motors to create high-power e-axle systems for luxury cars and with Tevva Hydrogen Electric Trucks to develop integrated solutions for next-generation electrified commercial vehicles. AEM offers two main types of electric motors: - HDSRM, which is a magnet-free traction motor designed for high performance and versatility across various vehicle platforms. It utilizes AEM's patented efficiency-boost technology, resulting in up to a 12% increase in vehicle range for customers. - SSRD, which provides industry-leading performance for passenger vehicles and boasts a 45% improved power-to-weight ratio compared to other permanent magnet motor designs. Additionally, SSRD offers the same sustainability advantages as HDSRM and can be equipped as a fully integrated e-axle system for enhanced efficiency in real-world operating conditions. It is also lightweight and cost-effective. If you are interested in learning more about AEM's products or would like to collaborate with them, feel free to contact them.

advancedelectricmachines.com Blaydon, United Kingdom 51-100 employees
Total raised
$28.8M
Rounds
1
Latest
Series A
Nov 2023

Advanced Electric Machines (AEM) develops and manufactures eco-friendly electric motors and powertrain systems that achieve exceptional performance and efficiency and eliminate the need for rare-earth magnets and copper windings. AEM collaborates with top-tier academics, global vehicle manufacturers, and leading industrial partners to deliver advanced technologies for electric vehicles. They have partnered with Bentley Motors to create high-power e-axle systems for luxury cars and with Tevva Hydrogen Electric Trucks to develop integrated solutions for next-generation electrified commercial vehicles. AEM offers two main types of electric motors: - HDSRM, which is a magnet-free traction motor designed for high performance and versatility across various vehicle platforms. It utilizes AEM's patented efficiency-boost technology, resulting in up to a 12% increase in vehicle range for customers. - SSRD, which provides industry-leading performance for passenger vehicles and boasts a 45% improved power-to-weight ratio compared to other permanent magnet motor designs. Additionally, SSRD offers the same sustainability advantages as HDSRM and can be equipped as a fully integrated e-axle system for enhanced efficiency in real-world operating conditions. It is also lightweight and cost-effective. If you are interested in learning more about AEM's products or would like to collaborate with them, feel free to contact them.

Advanced Electric Machines has raised $28.8M across 1 round. Its most recent round was a Series A of $28.8M in Nov 2023. Full funding history, investors, and team are detailed below.

Funding history

1 round · 1 visible Unlock with plan

1 round on record.

Date
Round
Amount
Lead investor
Nov 20, 2023
Series A
$28.8M

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