Electric motor producer and Oxford spinout Yasa has raised $21.4m that will go to expanding its manufacturing capabilities.
Yasa Motors, a UK-based electric motor manufacturer spun out from University of Oxford, attracted £15m ($21.4m) on Wednesday in a growth equity round featuring spinout-focused investment firm Parkwalk Advisors.
Investment firm Universal Partners also participated in the round, which Yasa said increased its overall funding to £35m. Andrew Birrell, executive director of Universal Partners, will join its board of directors.
Spun out in 2009, Yasa manufactures electric motors and generators. Its prime market is the automotive sector, but its systems…
