AEM secures £16M to enhance its rare earth-free electric motor technology. The funding will support product portfolio expansion and development of new electric propulsion solutions.
Amount Raised
£16 Million
Round Type
Venture
WashingtonManufacturingAutomotiveElectronicsInvestors
Description
Advanced Electric Machines Group (AEM) has secured £16 million to accelerate the innovation of its electric motors. The funding will promote the company's expansion in the electric propulsion sector and enhance its manufacturing capabilities. Key investors include Barclays Climate Ventures, PXN Ventures, Northstar Ventures, and the Low Carbon Innovation Fund. This investment will facilitate the development of advanced motor technologies in Washington.
Quick answer
Advanced Electric Machines Group raised £16 Million in a funding round, dated August 4, 2026. Investors: Low Carbon Innovation Fund, Innovate UK, Barclays Climate Ventures, PXN Ventures and Northstar Ventures. Advanced Electric Machines Group is based in Washington, District Of Columbia, United States.
- How much did Advanced Electric Machines Group raise?
- Advanced Electric Machines Group raised £16 Million in a funding round on August 4, 2026.
- Who invested in Advanced Electric Machines Group?
- Low Carbon Innovation Fund, Innovate UK, Barclays Climate Ventures, PXN Ventures and Northstar Ventures are named as investors in this round.
- What does Advanced Electric Machines Group do?
- Advanced Electric Machines Group (AEM) is a UK-based manufacturer of rare earth and magnet-free electric motors.
- Where is Advanced Electric Machines Group based and how big is it?
- Advanced Electric Machines Group is based in Washington, District Of Columbia, United States.
Source: Fundz verified event record.
Who else raised in Automotive and Electronics around the same time
Companies in the same sectors as Advanced Electric Machines Group that raised within 45 days of this round, from Fundz verified event records.
- Samson Sky raised $80M on September 15, 2026.
- Vimag Labs raised $5M (Series A) on September 14, 2026.
- Ultraviolette raised $39M (Series E) on September 11, 2026.
- Sunwoda Electric Vehicle Battery Co Ltd raised $390M (Series C) on September 4, 2026.
- BKT raised $58M (Debt Financing) on September 3, 2026.
- Yuma Energy raised $35M on September 1, 2026.
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