YASA closes £18 million funding round, prepares for rapid growth

September 11, 2019

YASA closes £18 million funding round, prepares for rapid growth
Ferrari’s SF90 Stradale is powered by a custom YASA axial-flux electric motor (Courtesy Ferrari)

YASA, Oxford, UK, a manufacturer of axial-flux electric motors and controllers for hybrid and pure electric vehicles has announced the closing of an £18 million funding round. The new funding is expected to enable the company to scale to meet rapidly growing customer demand from the automotive and aerospace sectors. 

YASA’s axial-flux electric motors contain a number of pressed stator cores manufactured from soft magnetic composite iron powder, and are said to offer best-in-class power and torque densities. This gives manufacturers the opportunity to improve performance whilst reducing weight. 

Existing investors Parkwalk Advisors and Universal Partners were joined in this latest funding round by Oxford Sciences Innovation (OSI) and Inovia Capital. This news follows the announcement in May 2019 that Ferrari’s first hybrid production series supercar, the SF90 Stradale, is powered by a custom YASA axial-flux electric motor.

The YASA motor in the SF90 Stradale is highly compact with a power density of 14kW/kg, allowing Ferrari to deliver a high level of vehicle performance whilst reducing vehicle weight. The motors will be manufactured in YASA’s production facility in Oxford, UK.

Speaking of the new funding round, Charles Conn, CEO at OSI, stated, “We have been tracking YASA’s progress for a number of years and are pleased to have the opportunity to invest in one of the UK’s most exciting high-growth technology companies that is well-positioned to take advantage of the rapid move to electrification in both automotive and aerospace sectors.”

Patrick Pichette, General Partner at Inovia Capital, added, “YASA exemplifies what we look for in our portfolio companies – a company with high-growth potential and a team that’s passionate about building a better world through the discovery and application of innovative technology. YASA’s electric motors and controllers are opening up entirely new opportunities for vehicle manufacturers, enabling them to create exciting electric driving experiences while reducing the impact on the environment.”

Dr Chris Harris, YASA’s CEO, commented, “This funding round is helping prepare the company to meet the rapidly increasing volume of demand for our electric motors and controllers from our automotive customers. We’re pleased to welcome OSI and Inovia on board as investors – both share our long-term vision for the company and bring tremendous operational experience that will help us realise our full potential.”


Latest Industry News

Download the latest issue of PM Review

Our latest issue is now available to download in PDF format, free of charge.

As well as an extensive Powder Metallurgy industry news section, this 88-page issue includes the following exclusive articles and reports:

  • Are you safe or lucky? A look at Environment, Health and Safety in the PM industry
  • The hybridisation of pick-up trucks and the impact on the content of PM parts
  • EPMA’s General Assembly reviews Powder Metallurgy trends in Europe
  • Metal powder recycling: Innovative technology is turning waste into resources
  • More information

Industry News


Sign up to our free e-newsletter, sent weekly to industry professionals around the world. We'll also let you know each time a new issue of PM Review magazine is available.

Subscribe for a FREE digital magazine

PM Review is the leading international magazine for the Powder Metallurgy industry.
Published four times a year, it is available as a free download or through a print subscription

Connect with us

Powder Metallurgy: The original net-shape production process

Powder Metallurgy components are relied upon by a wide variety of manufacturing industries, from automotive to power tools, household appliances, chemical engineering, filtration and more.

The main reason for the technology’s success is its cost-effectiveness at producing high volumes of net-shape components, combined with its ability to allow the manufacture of products that, because of the production processes, simply cannot be manufactured by other methods.

To discover more about how the technology has revolutionised component production, browse our Introduction to Powder Metallurgy.

Latest industry news

Copy link
Powered by Social Snap