Oxfordshire based tech company Saietta announces plans to expand production facilities. Bringing 150-250 jobs in the area over the next three to five years, the new sustainable plant will be powered by solar panels. It will be funded by a fresh investment round.
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 market, the UK company plans to sell its technology under license in Asia and the rest of the world. AFT technology can be used in all mobility solutions, from scooters to buses.
Former Goldman Sachs MD Emmanuel Clair has been appointed as Non-Executive Chairman.
Wicher Kist, chief executive officer Saietta Group, said: “We have now reached the point at which the last three years of planning can be realized. To have seen market demand increase so significantly means that a new round of funding will allow us to capitalize on the wave of vehicles that will be entering development soon.”
“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.”