Oxford University spinout electric motor company YASA has been acquired by Mercedes-Benz. The announcement arrives in conjunction with the auto manufacturers’ intention to go all-electric by the end of the decade, with YASA’s technology playing a key role. The financial details of the deal were not disclosed, and no staffing or management changes are planned.
Incorporated in 2009 and founded by Tim Woolmer, YASA’s axial-flux electric motors offer the highest efficiencies power densities in class for the smallest size and weight. The company will provide electric motors for Merc’s electric-only platform, as well as providing innovation support for new electric drive technology.
Over the course of 8 funding rounds, YASA raised $56.2 million, with Parkwalk Advisors being the largest investor and shareholder in the company.
“This transaction shows how government and private finance can work together to create excellent outcomes. The core YASA technology was developed by research at one of the world’s leading universities, funded by UK taxpayers,” commented Parkwalk’s Alastair Kilgour. “The result is a world leading company that creates high value jobs and wealth and prosperity for UK plc while helping with our environmental policies and aspirations. This transaction could be a pivotal moment in the UKs transformation to automotive electrification.”