AVID appoint Andrew Hodgson; former chief executive and senior board member at Soil Machine Dynamics (SMD), Spirit Aerosystems, Airbus and BAE systems, as our new non-executive chairman.
AVID Secure a £7m investment, led by Maven Capital Partners, together with the North East Development Capital Fund, and AVID's existing shareholders; NVM Private Equity and Downing Ventures.
AVID announce a project with Caterpillar to develop a new battery storage system for electric machinery. Moreover, due to increased sales and more investment, the staff headcount was doubled and a new office was set up to hold the now larger engineering department.
AVID appoint Mike Dowsett, former VP at Sevcon and YASA motors, as Vice President of Business Development. Mike's appointment has helped to lead AVID's expansion in North America.
AVID proudly announce an R&D project with Jaguar Land Rover to help design components for the powertrains of JLR's upcoming electrified vehicles.
AVID secure another major contract with the Energy Technologies Institute (ETI) to design and install a waste heat recover system for marine vessels to convert waste heat into valuable electricity.
AVID reaches an agreement with GKN to acquire the IP, designs, manufacturing and sales of the EVO Axial Flux electric motor technology.
AVID successfully raise significant equity financing from 3 major houses; NVM, Downing and IP group. This backing provides us with the necessary strength to grow the business and respond to customer demands.
The AVID Innovation business, containing all activity relating to the electric vehicle battery development unit, is sold to become Hyperdrive Innovation.
The drive-by-wire controls business is sold to Continental Automotive; a long-standing customer of the business. Continental has since integrated this business into their Special OEM division.
AVID Technology design and manufacture the 100% electric AVID eBear Electric Utility Vehicle.
AVID are approached to develop parts for the state-of-the-art powertrain for the Ecotricity Nemesis supercar, which went on to break the UK EV landspeed record.
ComeSys Europe is renamed as AVID Technology Limited. While the AVID Group is re-branded as AVID Technology Group Limited, and contains the AVID Vehicles and AVID Innovation businesses.
The word AVID, meaning passionate, or devoted, conveys the company's spirit and passion towards the development of green electric vehicle solutions.
The AVID Group is formed by bringing together the two established businesses: AVID Vehicles and ComeSys Europe. Both businesses are re-branded to adopt the AVID name and a new group structure is adopted.
AVID Vehicles is established as a spin out of ComeSys putting the electric vehicle powertrain research and development business into a stand-alone company.
AVID's primary focus is on the development of electric and hybrid vehicle powertrain and the continued development of electrified systems, engine ancillaries and thermal management systems.