Saietta Group

Saietta Group plc is a UK-based global engineering business specialising in the design, development and supply of complete powertrains for electric vehicles (EVs) from scooters to buses as well as marine applications.

Since 2017, Saietta has engineered breakthrough electric motor technology including proprietary AFT (axial flux motor) and RFT (radial flux motor) technology which is mated to controllers and transmissions. The design is unique and modular, enabling the delivery of 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, with the technology designs developed and the corresponding intellectual propertyregistrations filed.

In June 2021, Saietta 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 taking on a former ZF Automotive manufacturing facility in Sunderland, UK, with a view to producing 100,000 motors per annum in the first phase. The 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 and simulation, motor-controller electrical and mechanical integration, prototype build and rigorous testing on rigs and 20 miles of private roads.

History

Founding

Saietta was originally incorporated under the name Agility Racing Limited in 2008, with the aim of becoming a manufacturer of electric motorcycles. In 2011, it changed its name to Agility Global Limited and on 6 June 2015, changed its name to Saietta Group Limited.

Under the Agility Racing Ltd and Agility Global Ltd names, the Group developed and marketed a number of working prototype variants of high-powered electric motorcycles under the brand name “Saietta” – meaning “thunderbolt” in the Italian language.

In 2015, the Group relocated from central London to its current headquarters in Oxfordshire, UK, which provided expanded high-tech facilities for design, development and testing and development, on a former military air field, with test and validation track availability.

The Pivot to Electric Drive Solutions

From 2015 to 2017, Saietta pivoted away from developing electric motorcycles and worked with a third-party electric motor manufacturer. At this point, Saietta was focused on developing and producing generic DC axial flux motors for a range of potential applications, including race tuned electric motorcycles, special one-off projects and light commercial vehicles for the Asian market. Whilst the performance of the motors was impressive, there was limited commercial success.

Stealth Mode

From 2017 onwards, Saietta started designing a new generation of axial flux motor, which would be capable of low-cost, mass-market production as well as having the performance attributes of more expensive competitors. Over the next three years, the company focussed on the design, development, engineering, and testing of this technology. During this time, the business was financed by a combination of private funding and grants from the Advanced Propulsion Centre, Niche Vehicle Network and Innovate UK.

Saietta’s first working prototypes of its axial flux motor technology were developed into a low-volume production model (known as the AFT 140). At the end of 2020, Saietta secured its first major commercial industry contracts.

Saietta exited stealth mode at the end of 2020 and is actively commercialising its products with manufacturing partners in multiple markets around the world.

In November 2021 the company acquired e-Traction, a supplier of electric drivetrains and high voltage power electronics for heavy goods vehicles and buses, from Evergrande Group.

In the same month it also launched Propel, a Dutch Saietta subsidiary that develops electric marine propulsion solutions based on axial flux technology

See also

* Lynch motor

References

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Electric motor manufacturers
Electric motorcycles
Electric vehicle industry
Companies listed on the Alternative Investment Market