UK - Imperial Innovations takes 38% stake in EVO Electric

EVO also recieved funding from Imperial during its pre-commercial phase of development and will be using this latest investment in the commercialisation of its product. Susan Seale, chief executive of Imperial Innovations will join the company's board. Other investors involved in this round included Consensus Business Group and a group of private individuals.

Evo is developing electrical motors and generators using axial flux technology, based on the work of Dr. Michael Lamperth at Imperial College, which have a high power density and flat design. This enables vehicles to use lighter, smaller and higher power components which exhibt higher fuel efficiency and create lower emissions.

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• Topics
• Early-stage
• UK / Ireland