New Motion Labs raised £1.8M in an equity crowdfunding round led by the South West Investment Fund to accelerate growth and enhance its innovative drivetrain technology.

Aug 05, 2024•about 1 year ago

Amount Raised

£1.8 Million

ExeterAutomotiveManufacturing

Investors

South West Investment Fund

Description

New Motion Labs (NML) has secured over £890,000 in equity investment as part of a £1.8M funding round managed by The FSE Group. This funding aims to support the company's growth plans and its development of drivetrain technology for various mobility and industrial markets.

Company Information

Company

New Motion Labs

Location

Exeter, England, United Kingdom

About

New Motion Labs (NML) is a pioneering developer of innovative drivetrain technology for mobility and industrial markets. Their patented Enduo technology enhances traditional chain and sprocket systems, reducing wear, energy loss, and manufacturing costs. NML aims to deliver reliable solutions across various industries, including automotive and food and beverage. The company has already achieved success in the track cycling and e-bike markets.

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