Aston Martin Electrification Programme Awarded Millions In Funding

by BTM

Tue, 31 October 2023

Aston Martin Electrification Programme Awarded Millions In Funding

Aston Martin’s high-performance electrification strategy has been awarded GBP9 million of government funding through the Advanced Propulsion Centre UK (APC), further supplementing the research and development of Aston Martin’s innovative modular battery electric vehicle (BEV) platform. 

Awarded following a competitive process, the government grant will support the development of Aston Martin’s luxury BEV platform and enable a route to net-zero, including investment in vehicle light weighting, a digital toolchain and electrification training. The innovative British ultra-luxury manufacturer is making a GBP2 billion commitment to advanced technologies over the next five years, with its investment phasing from internal combustion engine (ICE) to BEV technology.

Project ELEVATION, a six-partner collaborative research and development project, will address the technical challenges of developing a lightweight, 800V traction battery pack and twin front electric drive unit (EDU) into a modular BEV platform with a bandwidth from supercar to SUV.

In 2024 the company will deliver its first plug-in hybrid – the mid-engine supercar, Valhalla, while in 2025 the first all-electric Aston Martin is set to be launched. By 2026 all new Aston Martin model lines will feature an electrified powertrain option, with the long-term objective for its core range to be fully electrified by 2030.