AEM secured £16 million to expand its product portfolio, scale production, and develop electric propulsion solutions for automotive, industrial and marine applications.
- Amount
- $21.5M
- Announced
- 4 August 2026
- Leads
- Barclays Climate Ventures, PXN Ventures, Northstar Ventures, Low Carbon Innovation Fund
- Use of funds
- Expand product portfolio, facilities, expertise and production capability in Washington; accelerate next-generation motor development.
- Checked
- Amount and date checked against the press source