Oxfordshire based Saietta’s radical, lightweight and efficient motor has played its part in setting world speed records for electric powered aircraft and boats, as well as launching the first manned electric helicopter flight and powering the first Isle of Man TT Zero victory.
Continuing the roll out of its radical Axial Flux Traction (AFT) motors to the mass electric vehicle (EV) market, the UK company plans to sell its technology under licence in Asia and the rest of the world.
AFT technology can be used in all mobility solutions, from scooters to buses. Saietta is seen globally as one of the most disruptive EV technology businesses in the world, and lists leading OEMs as its clients today.
With this growth Saietta announces plans to expand production facilities with a new sustainable plant that will be powered by solar panels. It will be funded by a fresh investment round. The expansion should add 150-250 jobs to the area over the next three to five years,
Wicher Kist, Chief Executive Officer Saietta Group, said: “We have now reached the point at which the last three years of planning can be realised. To have seen market demand increase so significantly means that a new round of funding will allow us to capitalise on the wave of vehicles that will be entering development soon.”
Former Goldman Sachs MD Emmanuel Clair has been appointed as Non-Executive Chairman.
“The appointment of Emmanuel Clair is a natural step in our evolution and signals that we have the impetus to deliver transformative solutions for mass-market EVs. Emmanuel and I have worked together successfully for the last three years and we can finally start to roll out our technology, and clean up the air in large cities around the world. The new round of funding will allow us to fast track our deployment.”
Learn more at Saietta website:
In case you were asking Saietta means ‘thunderbolt’ in the Italian Apennine dialect.