New Motion Labs
Assembly Line
New Motion Labs secures £890K investment for drivetrain technology
New Motion Labs (NML), a developer of drivetrain technology for the mobility and industrial markets, has secured over £890,000 equity investment from the South West Investment Fund via the appointed Fund Manager, The FSE Group.
Exeter-based NML’s patented and award-winning Enduo technology NML has re-engineered the traditional chain and sprocket to reduce wear, enhance lifespan, reduce energy loss, and lower manufacturing costs, while offering retrofit capabilities.
The investment is part of a wider £1.8 million funding round designed to support business growth. It will bolster a variety of activities including product development, sales and marketing, and the creation of new jobs.