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27 September, 2020

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UK EV motor-maker expands, creating up to 250 jobs

02 September, 2020

A UK company that manufactures lightweight axial-flux motors for electric vehicles, is expanding its production facilities, creating 150-250 jobs over the next three to five years. Saietta’s plant, at Upper Heyford near Bicester in Oxfordshire, will be powered by solar panels and will be funded by a new investment round.

“We have now reached the point at which the last three years of planning can be realised,” says Saietta Group CEO, Wicher Kist. “To have seen market demand increase so significantly means that a new round of funding will allow us to capitalise on the wave of vehicles that will be entering development soon.”

Saietta was formed in 2015 by the merger of the Indian-based motor manufacturer Agni Motors and the electric motorcycle developer, Agility Global, following a long partnership between the two companies. Its modular AFT (axial flux traction) permanent magnet motors are based on the designs of the British inventor, Cedric Lynch. The sealed, brushless, zero-maintenance motors are scalable for high- and low-voltage applications from scooters to buses.

Saietta currently employs about 40 people in the UK and 30 in India. It plans to sell its technology under licence in Asia and other parts of the world.

Saietta's axial-flux motors are scalable for applications ranging from electric scooters to buses.

Saietta has recently appointed former Goldman Sachs managing director Emmanuel Clair as non-executive chairman, to help drive its expansion. Clair, who has been an investor and advisor to Saietta since 2017, has experience in engineering, investment and renewable industries, including eight years at the French utility EdF, followed by 12 years with Goldman Sachs where he was MD of three energy trading desks.

“The appointment of Emmanuel Clair is a natural step in our evolution and signals that we have the impetus to deliver transformative solutions for mass-market EVs,” says Kist. “Emmanuel and I have worked together successfully for the last three years and we can finally start to roll out our technology, and clean up the air in large cities around the world. The new round of funding will allow us to fast track our deployment.”




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