Currently reading: British electric motor maker Saietta goes into administration
The Silverstone-based EV supplier put itself up for sale in February, but no offer with enough capital was received

British electric motor developer Saietta has gone into administration after running into cashflow problems.

The Silverstone-based company built lightweight axial flux traction motors aimed at smaller EVs, such as motorbikes and three-wheelers.

It was unable to keep itself afloat after backing out of a deal earlier this year to contract-manufacture electric steering pumps at its plant in Sunderland.

Saietta put itself up for sale in February but as of 4 March hadn’t received an offer with enough cash attached to keep it going, it said in a filing to the London Stock Exchange.

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