YASA, the world’s leading manufacturer of ultra-compact and lightweight electric motors and controllers for electric and hybrid vehicles, has been named in The Sunday Times’ annual spotlight on the UK’s fastest-growing tech companies.
YASA was included in the prestigious “Ones to Watch” category of The Sunday Times Hiscox Tech Track 100 which recognises companies that are “talented, fired up and ready for take-off”. Previous “Ones to Watch” alumni include simulation platform Improbable and delivery service Deliveroo – both companies now so-called “unicorns” valued at over £1 billion.
YASA supplies automotive manufacturers with light, powerful and low-cost electric motors for electric vehicles and recently announced a partnership with Rolls-Royce to design an all-electric aircraft.
In making their decision, the judges singled out YASA’s production capacity of 100,000 electric motors per year from its new Oxfordshire factory in Kidlington near Oxford, and the Company’s impressive sales and export record. YASA’s headcount stands at 130, with plans to recruit intensively over the coming months to meet high customer demand for its innovative technology.
YASA CEO Chris Harris said, “We’re delighted to have been recognised by The Sunday Times Hiscox Tech Track 100 as one of the most promising tech companies in the UK. Our electric motors and controllers are helping drive the rapidly expanding hybrid and pure-electric automotive market, while also opening up opportunities for all-electric flight. The electrification of transportation is one of the most important technological advancements of our age. At YASA, we’re proud to be bringing jobs in this new high-growth industry to Oxford, traditionally the UK’s automotive heartland.”
