Saietta says it is delivering 'a competitive advantage' with EV solutions

Vox Markets
Vox Newswire
15:26, 18th May 2022

 

Wicher Kist, CEO of the electric drivetrain group Saietta Group (SED), has told investors how the company is accelerating electrification transitions globally with its EV powertrain solutions.

Saietta is an AIM-quoted, multinational business which designs, engineers and manufactures complete powertrains for electric vehicles on land, from scooters to buses, as well as on sea.

Its breakthrough electric motor technology includes proprietary AFT (Axial Flux Technology) and RFT (Radial Flux Technology) which is mated to in-house controllers and transmissions. 

Saietta Group differentiates itself in its ability to conceive powertrain solutions tailored to deliver a competitive advantage, as well as its turnkey engineering services which are designed to fast-track electric vehicle manufacturers from concept to start of production.

Its vision is to play a leading role in cleaning up the air in large cities around the globe. In a recent interview with Innovation News Network, Kist spoke about the company’s efforts.

Since listing on the London Stock Exchange’s AIM market in July 2021, the business has devoted its time and resources in the development of three dedicated technology divisions. 

One division is focused on lightweight vehicle mobility through Saietta AFT electric motors. The group describes these high-tech and low-cost electric motors as “the ideal powertrain to transform lightweight mobility from being old and pollutive to new, advanced, and sustainable. 

Its second division is focused on trucks and buses. In November 2021, Saietta acquired 100% of Netherlands-based e-Traction, a move that brought proven, high voltage RFT motors integrated into entire electric axles (eAxles) for trucks and buses into the Saietta Group. 

The company highlights how this has significantly increased the number of electric drive specialist engineers and further accelerated growth by adding new technical capabilities. 

Saietta’s third division involves water, and in November 2021 the group launched a marine propulsion brand, Propel, dedicated to designing, developing and commercialising a range of innovative complete in-board and out-board motor solutions based on our AFT architecture.

The company’s aim with Propel is to fast-track the electrification of the marine industry while supporting decarbonisation and delivering sustainable and clean mobility on waterways.

Kist acknowledges that an important growth enabler for the business will be to invest significantly into state-of-the-art production facilities, equipment, processes, and people. 

He says some uncomfortable questions will need to be asked if the world is to support the transition from inefficient, dirty combustion engines to zero-emission electric powertrains.

As a result, Saietta said it is choosing a scaleable, “more sustainable electric powertrain model that will truly democratise EVs.” In fact, it said it expects to focus solely on its most attractive proposition - AFTs - to demonstrate its global technology deployment strategy.

Saietta said demand for its AFT and RFT motors remains strong, with several commercial negotiations advancing, and the directors say they are confident that Saietta remains on track to reach its revenue expectations for the financial year, which commenced on 1 April 2022.

In some final thoughts, Wicher Kist, concluded: “It is about true sustainable mobility across the lifetime of the vehicle and, just as importantly, zero emissions and clean air for all. Saietta intends to stay at the forefront of democratising electric vehicles of all shapes and sizes.”

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