The Oxford spinout designs electric motors and generators with a surface intended to allow greater power and rotational capacity.
Yasa Motors, a UK-based electric motor producer spun out from University of Oxford, has raised an undisclosed amount of funding led by Parkwalk Advisors.
Further details on the round were not disclosed, though Parkwalk Advisors invested through the Parkwalk Opportunities Fund, which operates under the UK government’s tax incentive program Enterprise Investment Scheme.
Spun out in 2009, Yasa designs electric motors and generators with a surface crafted from the material “yokeless and segmented armature”, which Yasa claims enables greater power and rotational capacity.
The technology is based on research by Tim Woolmer, who received a doctorate an electrical engineering from Oxford, and Malcolm McCulloch, the head of the university’s Electrical Power Group.
Yasa Motors has now disclosed $14.9m altogether, according to deals database PitchBook. Parkwalk Advisors led a $8.3m investment round in 2014, and PitchBook recorded a $3.4m round from undisclosed backers two years earlier.
