VC firms invest £18m in Yasa

Previous backers Parkwalk Advisors and Universal Partners were joined in the round by Oxford Sciences Innovation and Inovia Capital.

The company intends to use the fresh capital to scale its operations to meet the increasing volume of customer demand from the automotive and aerospace sectors.

The news follows Yasa's announcement in May 2019 that Ferrari's first ever hybrid electric car in series production is powered by a Yasa motor.

Previous funding
Yasa previously raised funds from ParkWalk Advisors, 24Haymarket, Universal Partners and other investors.

Parkwalk first invested in Yasa in January 2013, according to Unquote Data, when it acquired a minority stake in the business for an undisclosed sum. It then led a £5m round of growth capital funding for the company 11 months later, with 24Haymarket and other investors also taking part. Parkwalk has since led further investment rounds in May 2016 and July 2017.

Company
Founded in 2009, Yasa is the manufacturer of axial-flux electric motors and controllers for hybrid and pure electric vehicles. Yasa's axial-flux electric motor and controller designs offer power and torque densities suited to both hybrid and pure electric applications. The business is based in Kidlington, UK.

People
Oxford Sciences Innovation – Charles Conn (CEO).
Inovia Capital – Patrick Pichette (general partner).
Yasa – Chris Harris (CEO).

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• Expansion
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