London Stock Exchange welcomes Saietta Group plc to AIM

London Stock Exchange today welcomes Saietta Group plc, a UK-based engineering company which has developed the innovative Axial Flux Technology (AFT) electric motor, to AIM. Saietta will be admitted to AIM under the Ticker (SED) “Saietta Electric Drive”. The Company has successfully raised £37.5 million through a placing and subscription, giving it a market capitalisation on Admission of £102 million. Saietta is pleased to welcome all new shareholders and investor partners, which include Amati Global Investors, Premier Milton Group and Schroders Investment Management. 

Saietta was founded in 2008 as an e-motorbike manufacturer and the business evolved in 2017 after spotting a global need for high efficiency mass market electric vehicle drive-train solutions. Saietta has developed the low cost, low maintenance and highly efficient, AFT motor to democratise the transition to mass market electrification, making the EV revolution accessible to millions of people around the world and supporting high-growth economies to achieve their carbon reduction targets. 
Saietta’s AFT motor intends to unlock the technical and economic impediments to the mass market electrification of the global motorbike and lightweight vehicle market. Currently driven by Asian demographics, the global motorbike market is forecast to significantly exceed passenger car sales, with 97.5 million two-wheel vehicles expected to be sold globally per annum from 2030, with approximately 40% of these vehicles forecast to be electric. It is the Group’s ambition to capture a material proportion of this growing market within five years from Admission.

The Company intends to use the net proceeds of the Placing to execute the Board’s growth plans, including establishing a motor durability testing facility and a pilot production facility which is expected to expand its UK based production capacity to 100,000 units per annum within three years from Admission. Saietta is expected to qualify for London Stock Exchange’s Green Economy Mark at Admission, which recognises companies that derive 50% or more of their total annual revenues from products and services that contribute to the global green economy. 

Vic Kist, Chief Executive of Saietta Group, commented: “Today is a landmark moment for everyone involved with Saietta and we are very pleased to be joining the London Stock Exchange to further accelerate our growth ambitions. I would like to take this opportunity to thank our people, all of whom have worked so hard in getting us to this stage, and to welcome our new investors on to the register. We look forward to fulfilling our ambition of democratising the electric vehicle revolution globally and delivering the best high-cost, high-performance electric drivetrain motor variants in a cost-effective architecture for urban communities in emerging markets.”

Tim Davis, Regional Head, Primary Markets of LSEG, added: “We are delighted to welcome Vic and Saietta to the London Stock Exchange. A highly innovative UK business, Saietta demonstrates the revolutionary potential in the electric vehicle market. Saietta’s plan to unlock the technical and economic impediments to the mass market electrification of the global motorbike and lightweight vehicle market will revolutionise clean transport for millions around the world.”

Board of Directors

•    Anthony (“Tony”) Gott – Independent Non-Executive Chairman
•    Wicher (“Vic”) Kist – Chief Executive Officer
•    Steven Harrison – Finance Director
•    David Wilkinson – Senior Independent Non-Executive Director
•    Emmanuel Clair – Non-Executive Director

Advisors to the company

•    Company Secretary – Fieldfisher Secretaries Limited
•    Nominated adviser, Sole Bookrunner and Sole Broker – Canaccord Genuity
•    Legal advisers – Fieldfisher LLP
•    Financial PR adviser – FTI Consulting
•    Patent attorneys – Reddie & Grose LLP
•    Auditor and reporting accountant – BDO LLP accountant 

Quick facts

Market: AIM
Instrument market cap (£m)
Listing/Admission to trading
07 Jul 2021
Looking for new and recent issues?

More recent

London Stock Exchange welcomes HydrogenOne Capital Growth plc to the Premium Segment of the Main Market

HydrogenOne Capital Growth plc, the first London listed hydrogen fund, offers growth potential in clean hydrogen and related technologies. The Company offers investors diversified exposure to private equity and listed hydrogen companies on an international basis. The Company has today listed on the premium segment of London Stock Exchange's main market and qualifies for the Green Economy Mark.<

Learn more
London Stock Exchange welcomes Seplat Energy’s Capital Markets Day

Seplat Energy has today opened London Stock Exchange trading at an official Market Opening ceremony. 

Seplat Energy is a leading independent energy company operating in the prolific Niger Delta area of Nigeria and a leading supplier of processed gas to the domestic market. In 2014 the company completed the first ever dual listing on both the London Stock Exchange (LSEG) and

Learn more
London Stock Exchange welcomes Spinnaker Acquisitions Plc to the Main Market

Spinnaker Acquisitions Plc (“SPAQ”) is a newly established purpose-built cash shell aiming to support businesses and projects in the areas of Sustainability and Energy Transition. With interest in the green economy as keen as it is currently, the objective is to find a business valued at £5–30M with strong profit potential and likely market appetite. 

SPAQ is a company co-founded

Learn more
London Stock Exchange welcomes BIG TECHNOLOGIES PLC to AIM

Big Technologies PLC, the UK-based, remote people monitoring technology company, has today taken the next step in its long-term growth strategy as it is admitted to AIM of London Stock Exchange. It is now trading on AIM, having raised gross proceeds in excess of £200 million, with ticker BIG. At the placing price of 200p per share, Big Technologies PLC has a market capitalisation of £577 millio

Learn more