Avid Technology secures £7M investment for electric vehicle parts production

Avid Technology has secured £7 million in investment led by Maven Capital Partners and the North East Development Capital Fund to boost production of electric motors, power electronics, and battery systems for heavy-duty electric and hybrid vehicles.

“AVID is experiencing unprecedented demand for its products and services and we are looking forward to delivering on this growth potential with the support of our new and existing investors.”chroniclelive.co.uk

• 1 source
• chroniclelive.co.ukNorthumberland firm Avid Technology secures £7m to boost production of electric car parts | Chronicle LiveJonathon ManningMar 6, 2019

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