Advanced Electric Machines Group (AEM), a UK-based maker of rare earth-free and magnet-free electric motors, has secured £16 million in new funding. The investment is aimed at helping the company grow its product range and speed up work on new electric propulsion technologies.
The funding marks a significant step for AEM as it looks to scale its motor innovation in a market that is increasingly focused on electrification. By expanding its portfolio, the company is positioning itself to serve more applications that need electric drive systems without relying on rare earth materials.
AEM said the fresh capital will support both product development and broader commercial growth. That suggests the business is preparing to move faster on new motor designs while strengthening its presence in the electric propulsion space.
The announcement also highlights continuing investor interest in technologies that can support cleaner transport and industrial electrification. For AEM, the £16 million raise provides added momentum as it advances rare earth-free electric motor solutions from the UK.
