Saietta Group
UK business
Saietta Group PLC is a UK-based global engineering business specialising in the design, development, and supply of complete powertrains for electric vehicles (EVs) including scooters, buses, and marine applications.
Since 2017, Saietta has engineered several electric motor technologies including proprietary AFT (axial flux motor) and RFT (radial flux motor) technology. This technology is mated to controllers and transmissions. The design is modular, enabling the delivery of both high and low-voltage e-motor solutions.
Saietta was originally financed by a combination of private funding and grants from the Advanced Propulsion Centre, Niche Vehicle Network and Innovate UK Though this endeavor, technology designs were developed and the corresponding intellectual property registrations were filed.
In June 2021, Saietta was listed on the London Stock Exchange's AIM market, raising gross proceeds of £37.5 million with an approximate market capitalisation of £102.1 million at the issue price.
In April 2022, Saietta Group announced that it was opening a former ZF Automotive manufacturing facility in Sunderland, UK, with a goal to produce 100,000 motors per annum in the first phase. The agreement (what agreement?) enabled Saietta to meet its stated objective of establishing a UK pilot production facility significantly ahead of its 2024 target.
Current business areas include market research and product definition, CAE simulation, motor-controller electrical development, mechanical integration, prototype building, rigorous testing on rigs (not sure what rigs are), and building 20 miles of private roads.
Saietta Group PLC entered administration on 4 March 2024.
“Saietta Group” enters the record as uK business. Crown Archives preserves that source wording while asking what Saietta, Group and business can confirm, complicate or overturn.
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This entry incorporates text from “Saietta Group” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.