GovernmentGrant News & Analysis

Turntide Receives £17 Million UK Grant for Axial Flux Motors

Turntide has been awarded a £17 million grant from the UK government aimed at boosting the production of axial flux motors. This grant supports the company's efforts to scale up manufacturing, crucial for meeting increasing demand in the electric vehicle market. Turntide's focus on these advanced motors highlights their potential in the growing automotive sector. This development may impact investors by positioning Turntide as a key player in a lucrative market segment.