Evolito Acquires Electroflight
July 5, 2022
Oxford-based electric propulsion company Evolito has acquired Cheltenham-based aerospace battery specialist Electroflight, with Electroflight becoming a wholly owned subsidiary. The deal brings battery systems together with Evolito's high-performance axial-flux motors and controllers to offer fully integrated electric powertrain solutions for electric aviation.
- Buyers
- Evolito
- Targets
- Electroflight
- Industry
- Aerospace & Defense
- Location
- Gloucestershire, United Kingdom
- Transaction Type
- Buyout
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