Barclays completed the investment in Advanced Electric Machines.

Barclays, a universal bank, completed the investment in Advanced Electric Machines, a sustainable motor manufacturer. Financial terms were not disclosed. “Today’s funding announcement clears our path to sustainable growth for years to come. It is a vote of confidence from the market in our vision, our technical capabilities and our mission to rid EV motors of harmful and problematic materials. Everyone at AEM and our new partners are excited for the role we are now able to play in making the electric vehicle sector truly sustainable," James Widmer, Advanced Electric Machines CEO and Co-Founder.