The Clean Tech Start-up Index - EVO Electric Ltd.
Greenbang’s Clean Tech Start-up Index 2008 contained many businesses, one of these was EVO Electric Ltd.
- Founders: Dr Michael Lampérth, CTO;
- Peter Beynon, CEO
- Founding date: November 2006
- Number of employees: 13
- Turnover: First sales envisaged for late 2008
- Website: www.evo-electric.com
- Investment: £1.5 million
Evo Electric has developed a motor that is lighter than other designs on the market, the company says, yet still produces more power.
The company is working on versions for trolley buses, delivery vans and London cabs. The technology could be used in other applications, such as windmills and mobile power generators.
The products are based on proprietary “axial flux motor and generator technology”, which could help hybrid and hybrid-electric cars become lighter, more powerful and energy efficient.
A new type of hybrid propulsion system, the Duo- Drive, is also on the cards. The company claims its products are cheaper than the alternatives, down to the choice of materials and manufacturing technique.
The company tells us: “We are currently seeking to raise a further £6m.We also received IP rights to electric motor technology developed by our CTO at Imperial College. This is a very significant nonmonetary contribution by Imperial College, which owns any IP developed by professors.”
The Greenbang Barometer
Demand for electric and hybridelectric vehicles is growing, there’s obviously no doubt about that. And equally there’s a growing demand for electric machines required to power these vehicles – Evo-Electric is already on the case. As well as keeping an eye on the upcoming hybrid market and aiming to work with vehicle makers, Evo-Electric can also do retrofit work with existing vehicles, giving it an even larger market to tackle.
