Funding · Growth · 7 August 2026
Advanced Electric Machines raises £16m
Washington-based Advanced Electric Machines has raised £16m. It builds electric motors without rare earths or magnets for commercial vehicles. Investors include Barclays Climate Ventures, PXN Ventures, Northstar Ventures and others. The money will go on product development, manufacturing capacity and skilled hires.
48thRound size percentile, 21 growth rounds
Press report
CompanyAdvanced Electric Machines
StageGrowth
SectorClimate
Based inNorth East
InvestorsBarclays Climate Ventures, PXN Ventures, Northstar Ventures, Low Carbon Innovation Fund, Innovate UK
SourcePress · confidence highView source ↗
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