Electric Motor And Controller Manufacturer Yasa Closes £18M Funding Round, Sets Stage For Rapid Growth
OXFORD, England--(BUSINESS WIRE)--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 inn.