Electric motor producer and Oxford spinout Yasa has raised $21.4m that will go to expanding its manufacturing capabilities.

Yasa Motors, a UK-based electric motor manufacturer spun out from University of Oxford, attracted £15m ($21.4m) on Wednesday in a growth equity round featuring spinout-focused investment firm Parkwalk Advisors. Investment firm Universal Partners also participated in the round, which Yasa said increased its overall funding to £35m. Andrew Birrell, executive director of Universal Partners, will…

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