Electric Propulsion Company Evolito Acquires Aerospace Battery Company Electroflight to Create Full Powertrain Solutions Capability
5.7.2022 10:00:00 EEST | Business Wire | Press release
Evolito, a privately-owned company designing and manufacturing world-leading electric motors and controllers for aerospace applications, has today announced the acquisition of the business and assets of Cheltenham-based aerospace battery solutions company Electroflight.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220705005223/en/
A render of an Evolito-powered EVToL. Image credit: Evolito.
Evolito supplies high-performance, low-weight axial-flux motors and controllers that are smaller, lighter and with a higher safety factor than any other competing electric propulsion technology. Evolito’s products enable a range of new electric propulsion applications, helping to accelerate the industry’s move towards net zero.
Electroflight has a proven track record of delivering safety critical, innovative battery solutions for the electrification of the aerospace industry. Following the acquisition, Electroflight will become a wholly-owned subsidiary of Evolito and will focus on delivering next-generation battery technology to complement Evolito’s unique motors and controllers.
Ajay Lukha, Chief Commercial Officer at Evolito, said, “We are very excited to complete the acquisition of Electroflight today. The combined capabilities will enable us to deliver flexible solutions for our customers, from best-in-class motor and controller subsystems to fully-integrated electric powertrains.”
To find out more about Evolito, watch this video.
EDITOR’S NOTES
Evolito http://www.evolito.aero
Evolito is making all-electric flight a reality by offering world-leading geared and direct-drive electric propulsion and battery solutions. Spun out of YASA in 2021, Evolito leverages technology proven at scale by OEMs in the automotive EV industry. The privately-held company is based in Oxford. Evolito’s investors include B-Flexion and Oxford Science Enterprises (OSE).
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220705005223/en/
Contact information
Cat Lenheim
ThoughtLDR
Cat@thoughtldr.com
+44 7511 117587
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Xsolla Expands Global Payment Coverage Across 18 Markets With 6 Trusted Local Payment Methods to Help Developers Reach New Players Worldwide3.3.2026 19:00:00 EET | Press release
Xsolla, a global video game commerce company that helps developers launch, grow, and monetize their games, today announced a major expansion of its global payments portfolio across 18 markets in Europe, the Middle East, Africa, and Asia. As developers continue to expand into high-growth and emerging markets, this expansion enables developers to reach new paying users, improve conversion rates, and deliver payment experiences tailored to local player preferences. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260303816373/en/ Graphic: Xsolla The newly supported payment methods include: Local Amazon Pay in Japan, with over 100 million registered Amazon Japan accounts, provides fully localized checkout experiences in Japanese Yen Zain Cash in Iraq is expanding access to mobile-first payment options in a rapidly growing economy, where mobile numbers serve as primary digital identities and mobile adoption is broad across a popula
SES Announces Annual General Meeting of Shareholders3.3.2026 18:42:00 EET | Press release
SES: Société Anonyme RCS Luxembourg B 81267 Notice is hereby given of the Annual General Meeting of SES, Société Anonyme, to be held at the Company’s registered office at Château de Betzdorf, L-6815 Betzdorf (the “Company”), Luxembourg, on Thursday 2 April 2026 at 10:30 a.m. CET AGENDA Attendance list, quorum and adoption of the agenda Nomination of a secretary and of two scrutineers Presentation by the Chairman of the Board of Directors of the 2025 activities report of the Board of Directors Presentation of the main developments during 2025 and of the outlook Presentation of the audit report Approval of annual financial statements, balance sheet and profit and loss account as of 31 December 2025 Approval of consolidated financial statements as of 31 December 2025 Allocation of 2025 profits and transfers between reserve accounts Discharge of the members of the Board of Directors Determination of the number of Directors Confirmation of the co-optation of Joseph Cohen and determination o
Phasecraft Joins DARPA’s Quantum Benchmarking Initiative3.3.2026 17:49:00 EET | Press release
Phasecraft, the world’s leading quantum algorithms company, today announced it has commenced work on the University of Maryland’s Applied Research Laboratory for Intelligence and Security’s (ARLIS) new contract to support the Defense Advanced Research Projects Agency’s (DARPA) ongoing Quantum Benchmarking Initiative (QBI). QBI’s goal is to assess if it is possible to achieve utility-scale quantum computing by 2033. Phasecraft joins the contract as a technical expert and will leverage its proprietary software and quantum algorithms to develop optimized estimates of resource requirements for quantum applications to inform the U.S. Government (USG) verification and validation efforts. Evaluating Progress Towards Quantum Utility While the cutting-edge quantum hardware selected for QBI inches closer to commercial utility, ultra-efficient quantum algorithms like those Phasecraft develops are required to unlock the full potential of any quantum hardware. The company’s hardware-agnostic algori
Xsolla SDK Now Available for Game Developers Globally3.3.2026 16:48:00 EET | Press release
Xsolla, a global video game commerce company that has helped developers launch, grow, and monetize their games, today announced the availability of Xsolla SDK, a unified, cross-platform software development kit that consolidates the company's PC, mobile, and web monetization tools into a single download. Launching at GDC Festival of Games 2026, the Xsolla SDK introduces built-in Payments, Login, Catalog, and Offerwall integration for developers, enabling them to configure their pricing and inventory once and deploy across every supported platform with no reconfiguration required. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260303075966/en/ Graphic: Xsolla Xsolla is building all the things to help developers monetize cross-platform with the industry’s best-in-class, battle-tested technical foundation built specifically for games. The Xsolla SDK is powered by two decades of building payment and monetization tools exclusivel
Andersen Consulting Broadens Platform with Reach Consulting3.3.2026 16:30:00 EET | Press release
Andersen Consulting expands its platform in the Middle East through a Collaboration Agreement with Reach Consulting, a digital transformation and advisory firm headquartered in the UAE. Reach Consulting supports organizations in driving growth, managing risk, and navigating complex change through a comprehensive suite of services, including digital transformation, strategy, internal audit, and M&A advisory. With a presence across the UAE, Saudi Arabia, Oman, Qatar, and Jordan, the firm serves public and private sector clients through tailored delivery, cross-functional expertise, and deep local insight. Reach Consulting combines scale with agility to advance operational performance and workforce innovation. “Transformation works best when local insight, cross-functional expertise, and practical execution come together,” said Suhail Shaker, managing director of Reach Consulting. “By collaborating with Andersen Consulting, we combine our regional presence with Andersen’s global platform,
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom