Aeristech powers up with £5.15m funding round and key appointments to drive rapid growth of leading electric motor and controller business

Leamington Spa, UK – April 12021 - Aeristech, a UK-based leader in high-speed electric motor and controller technology, has announced the close of a £5.15m private funding round led by investors Sabien Technology, Vela Technologies and SAIC Venture Capital. 

The funding round will supercharge the company’s investment in its development of market-leading e-boost technologies for hydrogen fuel-cell, hybrid-electric and internal combustion engine powertrains utilising its unique patented technology. This includes expanding the company’s skilled engineering and design talent, adding new test cells and investing in the next generation of R&D to build on its market leading advantages. 

Aeristech’s unique and patented technologies mean it can deliver electric motors that are smaller, lighter and faster accelerating than its competitors. The resulting high performance and efficiency means Aeristech’s technologies can play a significant role in powering innovative low carbon transportation solutions.  

Richard Wall, Executive Chairman of Aeristech, said: 

“As the world takes action to reduce emissions from transport and deliver new forms of mobility, such as hydrogen powered vehicles, it will need new and better electric motor technologies. This is where Aeristech is focused on making a difference through our innovative solutions. We are pleased to welcome Sabien Technology, Vela Technologies and SAIC Venture Capital as partners as we invest to make it possible.” 

The company has recently announced partnerships with leading aerospace innovators ZeroAvia and GKN Aerospace, with both companies working with Aeristech on the development of new low carbon hydrogen-electric powertrains for aviation, a sector where power density is crucial. For both ZeroAvia’s HyFlyer II and GKN’s H2GEAR projects, which aim to deliver some of the first commercially available hydrogen-electric propulsion systems for aviation, Aeristech is playing a key role by integrating its advanced hydrogen fuel cell compressors. 

Alongside the close of the funding round, Aeristech has announced a series of strategic hires that will further expand its skilled engineering talent base. This includes hires in aerospace engineering, power electronics, and embedded software engineering. 

Later in the Spring, Aeristech will also complete work on a series of new test cells at its site in the heart of a high performing engineering cluster in the UK’s West Midlands. The new test cells mean that Aeristech can rapidly progress and test new designs for new projects and partnerships. 

Richard Parris, Chairman and CEO of Sabien Technology, said: 

“Sabien believes that environmental and shareholder benefits are not mutually exclusive. We are focused on building a portfolio of solutions which reduce carbon dioxide production at the point of consumption. Aeristech fits this template completely - its work within hydrogen fuel cell optimisation is class-leading and the resulting technology will be, I am sure, capable of significant growth.” 

John Shi, Director of SAIC Venture Capital, said: 

“SAIC Venture Capital is a champion of forward-thinking technology companies. We actively seek to invest in companies with the potential to deliver growth and change the world around us for the better. We look forward to joining Aeristech as it delivers innovation with the potential to help transform the transportation sector.” 

James Normand, Executive Director of Vela Technologies, said: 

"Vela is pleased to be investing in Aeristech whose leading technology is increasing the viability of hydrogen fuel cell power, particularly in the automotive and aviation sectors. Together with the government grant funding, this funding round will enable Aeristech to develop its products for application to hydrogen fuel cell solutions for commercial jets, light aircraft and heavy goods vehicles and to broaden its customer base." 

For media enquiries: 

Ben Gascoyne – Madano 

Aeristech@madano.com 

07785 486201 

Aeristech announces expansion into aerospace with HyFlyer II

Aeristech, a leading innovator in electric motor technology, has today announced an aerospace expansion that will create up to 60 new ‘green collar’ jobs. 

Aeristech’s aerospace facility will enable the company to begin offering its expertise in market-leading power dense electric motors and motor controllers to the aerospace sector, including for hydrogen fuel-cell compressors, which will make it possible to reduce aviation emissions. 

The planned expansion of Aeristech will see the company invest in an advanced facility in the West Midlands from which the company will deliver high tech projects with its aerospace sector partners. It will also see Aeristech take on up to 60 new roles, in highly skilled areas such as power electronics and motor drive engineering. 

The expansion follows the announcement of its first partnership, HyFlyer II, which will see its technology used as part of sustainable aviation innovator ZeroAvia’s UK Government-backed project to deliver the world’s first 19-seat hydrogen-electric powered aircraft by 2023. Aeristech’s cutting-edge 25kW fuel cell compressor technology will enable ZeroAvia to achieve the power output required for a 19-seat aircraft. 

Aeristech has been awarded UK Government funding through the ATI Programme of £2.75m for its part in the HyFlyer II project which will further strengthen the UK’s position as a hydrogen innovation powerhouse at the forefront of aerospace technology.  

The company already has market-leading technology in power dense electric motors and motor controllers and projects underway in the automotive sector.  

The announcement of Aeristech’s investment in new facilities and new roles is a boost for the UK’s aerospace sector and its supply chains, which has faced closures and job losses through 2020 as a result of COVID-19. Aeristech is investing in aerospace because it sees the potential for sustainable aviation technologies to lead the sector’s recovery. 

Establishing a dedicated aerospace facility will enable the company to meet the high-quality control, safety and management procedures and processes required to launch the aerospace business for success. 

The HyFlyer II project is the first of a steady stream of upcoming partnerships that will see Aeristech’s electric motor and motor controllers, including for hydrogen fuel cell compressors, play a vital role in enabling the aerospace sector’s biggest names to drive sustainable aviation forward. 

Duncan Kerr, Chief Executive Officer of Aeristech comments: 

“We are incredibly pleased to announce the launch of our aerospace facility and our involvement in HyFlyer II, where we will be working with industry-leading innovator ZeroAvia to bring passenger-ready zero emissions aviation to reality. 

“This is a significant expansion for Aeristech and highlights the potential for our technology in aerospace applications. 

“At Aeristech, we have a proven track record in other industries such as the automotive, marine, off-highway and material handling sectors. This has helped us to identify an exciting opportunity to use our technology to make large-scale, zero emissions hydrogen-electric flights possible, with the potential to create hundreds of highly skilled ‘green-collar’ jobs in the UK.” 

Gary Elliott, CEO of the Aerospace Technology Institute, comments: 

“We are very pleased to see Aeristech investing in the creation of Aeristech Aerospace.  

“One of the strengths of the UK’s aerospace sector is the depth of its leading eco-system of innovative, highly-regarded engineering companies and suppliers. As sustainable aviation technologies become an imperative for the sector and a commercial reality through projects like HyFlyer II, it is vital that the UK can draw upon the expertise of innovators like Aeristech Aerospace. It also demonstrates the power of the Aerospace Technology Institute: build an environment for innovation in the UK and it leads to new businesses and new infrastructure, and creates the next generation of high-tech jobs.” 

Follow Aeristech on Twitter and LinkedIn to keep up with company news.

For more information:

Hoda Awad - Madano 

Aeristech@madano.com  

+44 (0) 20 7593 4014 

About Aeristech: 

Aeristech was founded in 2006 to develop electrification of automotive supercharger systems and has since become a leading designer of advanced electric motor systems. The company is based in Warwickshire, at the heart of the UK engineering industry, with access to automotive professionals, manufacturers, and prototype component suppliers. 

Aeristech’s technology enables it to manufacture the world’s fastest accelerating and most power dense permanent magnet variable speed electric motors. Aeristech’s high-speed motors are ideal for applications where efficiency, power density and speed are essential. 

The company recently moved into new dedicated headquarters in Leamington Spa, with laboratories, pilot production facilities and four fully instrumented test cells for motor and turbo-machine commissioning, validation and durability testing. In 2020 the company received a Queen’s Award for Enterprise: Innovation for its electric motor system designs. 

About HyFlyer II: 

The HyFlyer II project aims to decarbonise medium range small passenger aircraft by demonstrating powertrain technology to replace conventional piston engines in propeller aircraft.  

HyFlyer II will scale-up, develop and integrate the hydrogen-electric powertrain technology aboard an aircraft capable of carrying up to 19 passengers, which will perform initial test flights out of Cranfield and culminate in a 250 – 300 nautical mile (NM) demonstration flight out of an airfield in Orkney. 

The project is led by ZeroAvia with project partners the European Marine Energy Centre (EMEC) and Aeristech. 

The HyFlyer project is supported by the ATI Programme, a joint Government and industry investment to maintain and grow the UK’s competitive position in civil aerospace design and manufacture. The programme, delivered through a partnership between the Aerospace Technology Institute (ATI), Department for Business, Energy & Industrial Strategy (BEIS) and Innovate UK, addresses technology, capability and supply chain challenges. 

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