Aston Martin Logo

Grant Awarded for Aston Martin's EV Programme

10th Oct 2023

By Chris Russon

Aston Martin EV Grant

Aston Martin’s high-performance electrification strategy has been awarded £9 million of government funding through the Advanced Propulsion Centre UK.

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 funding announcement is another positive step in Aston Martin’s electrification programme, which forms a pillar of the company’s wider ‘Racing. Green.’ sustainability strategy.

Aston Martin is making a £2 billion commitment to advanced technologies over the next five years, with its investment phasing from internal combustion engine to BEV technology.

Project ELEVATION, a six-partner collaborative research and development project led by Aston Martin, is supported by the Manufacturing Technology Centre, Expert Tooling and Automation, Creative Composites, Fuzzy Logic Studio and WMG, University of Warwick.

The project will address the technical challenges of developing a lightweight, 800V traction battery pack and twin front electric drive unit into a modular BEV platform for everything from supercar to SUV.

Roberto Fedeli, group chief technology officer of Aston Martin, said: “The award of funding from the APC is another major boost to our electrification strategy and constant strive for innovation. Providing further resources to explore the possibilities of our bespoke BEV platform, it will help achieve our ambition to be an in-house BEV technology leader in the ultra-luxury, high-performance segment. We look forward to progressing this project with our collaborative partners and thank the APC for their incredible support.”

Ian Constance, APC chief executive, said: “We have seen over £1.4 billion of investment into automotive projects since the APC was set up, and I am proud of the impact that we have made here in the UK. This latest announcement includes a diverse set of OEMs and suppliers that demonstrate the strength of UK automotive. They will further add to our portfolio of innovative projects and continue to drive the UK to deliver on its net-zero ambition.”

Aston Martin is developing alternatives to the ICE, with the first all-electric Aston Martin targetted for launch in 2025.

In 2024 the company will deliver its first plug-in hybrid – the mid-engined supercar, Valhalla.

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.

Prices correct as of 10/10/2023 and are subject to change.