Saietta Group (LON:SED) CEO chief executive Wicher 'Vic' Kist joins Proactive London's Katie Pilbeam after raising over £37mln in its AIM initial public offering (IPO).
Vic explains how their AFT electric motor which is designed for smaller and lighter vehicles including electric motorbikes, scooters, tuk tuks and last-mile delivery vehicles works.
Its first engine on the market is called the AFT 140 and is currently in low volume production, with the new funds helping to drive production in the UK up to around 100,000 units per year within three years.