UK startup AEM raises USD 29 mn to scale up rare earth, copper free EV motors
The Series A funding round was led by Legal & General unit Legal & General Capital and Barclays Sustainable Impact Capital initiative that invests in climate startups, AEM said on Monday Based in Washington in England's industrial northeast, AEM already has a commercial rare earth free motor in use in electric buses and other vehicles in Europe, North America and Asia, CEO James Widmer said.
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