Yasa Motors, a spin-out of Oxford University, has secured a £5m ($8.31m) investment round to support the development of its electric motors.
Parkwalk Advisors, a venture capital investor, led the round into the UK-based firm. The additional funds will be used to increase both production capacity and its commercial activities.
Chris Harris, chief executive of Yasa Motors, said: “We are naturally delighted at the support shown by our investors who share our view of the potential for our highly differentiated…
