£50m+ deals see UK car component maker create 10 new jobs

Posted on 30 Apr 2018 by Jonny Williamson

Manufacturer of electrified powertrain components and systems for heavy-duty and high-performance electric and hybrid vehicles, AVID, has created 10 jobs after winning contracts worth £50m+.

EVO Electric Motors have one of the highest usable power and torque densities of any electric vehicle drive motor available on the market today – image courtesy of AVID.

The Cramlington firm, which specialises in vehicle electrification, design and manufacture, has won work on a £20m Government project and hired 10 members of staff since January, taking its headcount to 64.

The new hires have been appointed across all of the firm’s departments including project management, engineering, production, testing, software, and electric motor design.

Along with the boost in headcount, the company’s project pipeline has more than doubled in the last 12 months, with annualised sales now exceeding £240m.

Ryan Maughan, Avid’s managing director, said: “Since the start of the year we’ve experienced a significant increase in new business both in the passenger and commercial vehicle industries internationally and the robotics and aerospace sectors which we began targeting in 2017.

“During the past few years our staff numbers have grown at a steady rate year-on-year, from an average of 14 in 2014 to 64 this month. We expect this number to increase significantly throughout the rest of 2018. This is an exciting time to join the team, as a young company we are focused on growth and breaking new ground.

“Our ability to support customer programs from prototype development to series production is demonstrated through our growing global customer base. Climate change, urban air quality and the rising cost of energy are major issues of our time.

“The energy consumption and exhaust emissions from vehicles and transport are major contributors to these issues. Everyone at Avid is committed to delivering a cleaner, greener future through the design and delivery of world-leading, energy efficient, electrified powertrain and propulsion technology.”

AVID has been advocating vehicle electrification for over a decade and its reputation led to the firm winning work on a £20m government-funded clean-tech environmental project in 2017.

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