**Minister voor bedrijfsleven, energie en industrie Greg Clark opent nieuwe productiefaciliteit met capaciteit voor 100.000 eenheden van YASA in Oxford **

**Investering vergroot productiecapaciteit om tegemoet te komen aan vraag en verdere groei te ondersteunen**

OXFORD, Engeland–(BUSINESS WIRE)– YASA, wereldwijd toonaangevend in elektrische motoren met axiale stroom, maakt bekend 15 miljoen pond aan groeifinanciering te hebben opgehaald. Universal Partners voegt zich bij Parkwalk Advisors en andere investeerders in het bedrijf, waarmee het totaal aan opgehaald kapitaal 35 miljoen pond bedraagt.

De investering van 15 miljoen pond volgt op YASA’s overeenkomsten met klanten uit de auto-industrie voor productontwikkeling en toelevering op de lange termijn. Het bedrijf heeft onlangs in Oxford in het Verenigd Koninkrijk een nieuwe productiefaciliteit geopend met een capaciteit voor 100.000 eenheden. YASA wil daarmee tegemoetkomen aan de stijgende vraag naar zijn producten. Tachtig procent van YASA’s productie is bestemd voor export naar autofabrikanten in landen over de hele wereld, inclusief China.

Electric Motor Manufacturer YASA Secures £15m Growth Funding, Opens New Oxford Production Facility

**Secretary of State for Business, Energy and Industrial Strategy, the Rt Hon Greg Clark MP to open YASA’s new 100,000-unit capacity production facility in Oxford today**

**Investment will increase production capacity to meet customer commitments and support further business expansion**

OXFORD, England–(BUSINESS WIRE)– YASA, the world’s leading manufacturer of axial-flux electric motors and controllers, today announced raising £15 million in growth funding. Universal Partners joins Parkwalk Advisors and other existing investors in the round, bringing the total raised by the company to £35 million.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180131005889/en/

An axial-flux electric motor manufactured by YASA (Photo: Business Wire)

This £15 million investment follows YASA’s signing of long-term development and supply agreements with customers in the automotive sector. The company has recently opened a new 100,000-unit capacity production facility in Oxford, UK to meet the growing demand for its products. Eighty per cent of YASA’s production is destined for export to automotive manufacturers across the world, including China.

The new production facility will be officially opened today by the Secretary of State for Business, Energy and Industrial Strategy, the Rt Hon Greg Clark MP. A range of YASA-powered vehicles will be on display at the event, including cars from Nissan, Jaguar Land Rover and Williams Advanced Engineering.

The Business Secretary Greg Clark MP said, “YASA is a brilliant example of what can be achieved when government, academia and industry come together to turn the best ideas from the best minds into scale-up companies.”

YASA’s innovative axial-flux electric motor design offers best-in-class power and torque densities and is ideally suited to both hybrid and pure electric vehicle applications. With YASA’s technology, automotive manufacturers have greater design flexibility to improve vehicle performance whilst reducing vehicle weight.

YASA motors and controllers enable automotive manufacturers to meet increasingly stringent emissions targets whilst delivering exciting driving experiences. In addition to automotive, YASA motors are used in marine applications and in aerospace where high power density and torque density are critical.

Dr. Chris Harris, YASA’s CEO said, “Our customers are looking to adopt innovative new technologies such as YASA’s axial-flux electric motors and controllers in order to meet the needs of the rapidly expanding hybrid and pure electric automotive market. This additional £15 million in growth funding will enable YASA to further invest in the volume production capacity necessary to meet our customers’ requirements, and to address markets beyond automotive including aerospace and marine.”

Andrew Birrell of Universal Partners – who joins YASA’s board – said, “YASA has unique and highly differentiated axial-flux motor technology that offers clear advantages in terms of power and torque density compared to their competition in class. We are pleased to have the opportunity to invest and are very excited by the prospects for the Company.”

Alastair Kilgour, Chief Investment Officer at Parkwalk Advisors said, “YASA has made excellent commercial progress over the past two years and we are pleased to continue to support the Company in this latest financing round. With the rapid growth of electrification in automotive and other sectors such as aerospace and marine, we believe YASA has huge business potential.”

EDITOR’S NOTES

YASA http://www.yasa.com/

YASA is the world’s leading manufacturer of axial-flux electric motors and controllers for automotive, aerospace and marine applications. YASA’s proprietary electric motor and controller products offer the smallest, lightest form factor for a given power and torque requirement. The privately-held company is based in Oxford, the UK’s automotive manufacturing heartland. Investors include Parkwalk Advisors and Universal Partners.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180131005889/en/

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