A new Oxford University spin-out company, Oxford Yasa Motors, has been set up to commercialize lightweight electric motors developed at the Department of Engineering Science. The new technology promises to help firms build more efficient electric vehicles. Isis Innovation, the University’s technology transfer company, announced that Oxford Yasa Motors Ltd has closed the £1.45 million funding round with private investor Seven Spires Investments Limited. Oxford Yasa Motors also announced that it has been successful in securing a grant from the UK’s Technology Strategy Board as part of a £1.89 million consortium to develop a higher volume version of the motor. ‘We have optimised the materials and design, so that the motor is much lighter and more effective, giving half the volume and twice the torque for the same power output. This electric motor technology will reduce fuel consumption and also help us move away fossil-based fuels to alternative energies.’ Over the last 8 months the Oxford team has collaborated with engineering firm Delta Motorsports to configure the motor for a new four-seat coupe, which is scheduled for track tests scheduled at the end of 2009.
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