As part of the license agreement, Avid will take over the development, manufacture and sale of EVO Motors and will also develop EVO technology to deliver new variants of the motor and additional applications. The motor’s high power density, ability to run at speeds that remove the need for a gearbox and its flat configuration enables in-wheel designs and operation in confined spaces. Its axial flux technology was originally developed by a tech company spin-out from Imperial College London.
The benefits for GKN and Avid’s target market mean that vehicles can use lighter, smaller and higher powered components, resulting in increased fuel efficiency and lower emissions in comparison to conventional technology. Less space is occupied by the components which also creates more room for passengers.
The contract will generate a new multi-million revenue stream for Avid Technology, an award-winning market leader in the design and manufacture of electrified ancillaries for the electric and hybrid vehicle market. The company was founded by engineer and entrepreneur Ryan Maughan, who is passionate about improving the efficiency and environmental impact of vehicles through systems electrification.
“This is a fantastic opportunity for us to bring our expertise and strong technical capabilities to meet real market and environmental demands” said Ryan Maughan, Avid Technology MD. “We see huge potential utilising this technology in our key markets of heavy duty and high performance vehicles as well as some exciting new market applications we already have in development.”
Avid’s core business is the electrification and intelligent control of engine ancillaries, thermal management systems and hybrid systems including pumps and fans that are used in many advanced electric, hybrid and low emission diesel vehicles.