Back in July, British “axial-flux” electric motor startup YASA was acquired by Mercedes-Benz for an undisclosed amount. YASA’s electric motors generated considerable EV industry interest because of their efficiency, high power density, small size and low weight.
Indeed, Rolls-Royce, best known in aviation for its jet engines, employed YASA engines in its all-electric airplane “Spirit of Innovation” which recently completed a 15-minute test flight.
But it’s emerged today that there was, to put it mildly, more to the deal than met the eye.
It turns out that a new company, Evolito, was spun out of YASA before its acquisition by Mercedes Benz, taking with it an electric motor it describes as ultra-high performance, low-weight, and most suitable for the aerospace industry.
The prospect now is that Evolito will pick up in the aerospace world where YASA left off in the automotive world. Evolito’s investors lead are Waypoint Capital and…