RBE makes a debut in the EV market. Ritchie Bland Energy Limited (RBE) is pleased to announce that it has made an investment, acquiring shares in Advanced Electric Machines (AEML).

James Widmer, CEO of AEM, said “Advanced Electric Machines Group is delighted to have Ritchie Bland Energy Ltd join us as investors. RBE’s mission to invest in environmentally sustainable technologies is entirely complementary to our goal of developing and manufacturing their world’s most sustainable electric motor solutions. We are looking forward to working with RBE as a partner as well as an investor.”

James Ritchie, CEO of RBE, said ” Investing in EV technology is a key part of our strategy as the world looks to replace combustion engines quicker to support the environment. Although we only have a small initial stake, we hope to be able to invest further and support the ambitious growth aspirations of the AEM team.” 

Background: 

Founded in 2017 by James Widmer, AEM originally spun out from Newcastle University and is now a leading UK North-East based technology and manufacturing business. AEM deliver the most sustainable electric powertrain technologies in the world with market-leading performance, removing rare earth materials with no compromise. 

Founded in 2020 by James Ritchie, Ritchie Bland Energy is a Yorkshire based privately funded investment company supporting entrepreneurs and technology businesses that are within the renewable energy industry. Currently, the business is involved in; technology start-up’s within Offshore Wind, Solar development in Yorkshire and Investment in Energy Storage Solutions.