Mercedes-Benz acquires YASA, a 24Haymarket Portfolio Company

Mercedes has acquired YASA, an electric motor start-up with 24Haymarket exiting their position in full.

YASA spun out of Oxford University in 2009, manufactures next-generation electric motors for performance cars, and counts Ferrari and other supercar brands among its customers.  Its products, known as axial flux motors, offer greater efficiency, and are smaller than traditional electric drives, enabling vehicles to drive for more miles on a single charge.

Electric motors are a fast developing area of technology where innovation and expertise drive performance and differentiation.  YASA’s proprietary axial flux electric motor technology is a step-change from the legacy radial technology on which most of the electric vehicle market still depends.

The YASA team which consists of 250 staff will continue to operate from their HQ and production facility in Oxford and their innovation facility in Welshpool, Wales.

This acquisition is tremendously exciting because it gives YASA technology the global scale and reach of Mercedes Benz.

Read the full article here:  Financial Times