YASA Motors secures $8.2 million in new funding
16 January 2014
YASA Motors, the manufacturer of highly differentiated advanced axial flux motors and generators based on its Yokeless And Segmented Armature (YASA) technology (earlier post), has raised £5 million (US$8.2 million) in new financing from a combination of existing and new investors. The money will be used to increase production capacity to meet customer demand and to expand its commercial activities.
The YASA 750 and YASA 400 axial flux motors achieve power densities of up to 10 kW/kg and torque densities which are significantly better than the nearest competitive motor topology. High power densities are achieved at relatively low speeds (2000-9000 rpm) which make the motor ideally suited for hybrid and generation markets.
YASA motors make more efficient use of key materials, and are produced with simple low cost manufacturing processes.
We are naturally delighted at the support shown by our investors who share our view of the potential for our highly differentiated electric motors. The motors are now being integrated into products by an ever increasing number of customers across a wide range of markets including marine, agriculture, industrial and construction equipment along with automotive and aerospace.—Chris Harris, CEO of YASA Motors
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