09/29/2020
Electric motor company expands facilities and funding
Saietta, a UK manufacturer of axial flux ‘pancake’ electric motors is expanding its facilities with a solar panelled factory and preparing for major international growth with a new round of funding. Their patent-protected, axial-flux motor tech is branded AFT (axial flux traction) and is modular in design, meaning high and low voltage e-motor solutions can be provided or everything from scooters to buses to boats.
Saietta electric motor shown in exploded viewThe Saietta Group was formed when Agility Global and Agni Motors merged in 2015. The inventor of the pancake motor, Cedric Lynch, joined Agni in 2002 and has won numerous awards including the Guinness World Record for the world’s first manned electric helicopter, world speed record for the first e-powered aircraft, the Mansura Medal for outstanding contributions to hybrid development and the winning entry in the UK’s inaugural e-motorcycle race TT Zero.
Speaking about the growing demand for its products in all applications, Wicher Kist, Chief Executive Officer Saietta Group, said: “To have seen market demand increase so significantly means that a new round of funding will allow us to capitalize on the wave of vehicles that will be entering development soon.”
Saietta has appointed former Goldman Sachs Managing Director Emmanuel Clair as Non-Executive Chairman. Clair has been a prominent investor and Board Advisor at Saietta since 2017.
Mr Clair said “I have been watching the growth of e-mobility for the last five years, and my decision to accept the role at Saietta Group is a commitment to the company’s potential, which I think will be transformative to the entire mobility industry.”