Spun out from the University of Oxford in 2009 by Tim Woolmer, 37, YASA has developed electric motor technology that it says is lighter, cheaper and more efficient than its competitors. It can produce up to 100,000 motors and controllers each year at its production facilities in Oxford—opened in February—for its automotive customers. The company operates on the principle that light electric motors will play an increasing role in reducing emissions and improving vehicle efficiency, as well as in the industrial and aerospace industries. Under chief executive Chris Harris, 57, revenue hit £4.1m in 2017, with more than half of its sales generated overseas. In August 2017, it raised £15m from investors, bringing its total raised to more than £30m.
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