DG Innovate PLC Ex-Tesla electric motor design engineer appointed

RNS Number : 1538N

DG Innovate PLC

03 May 2024

 

3 May 2024

DG Innovate plc

("DG Innovate", "DGI" or the "Company")

Appointment of ex-Tesla electric motor design engineer on consultancy basis

DG Innovate (LSE: DGI), the advanced research and development company developing pioneering solutions in sustainable mobility and energy storage, is pleased to announce that ex-Tesla electric motor design engineer Pierre Pellerey is joining the Company as a consultant. Pierre holds a PhD in electrical and mechanical engineering and has over 15 years' experience in the design, optimisation and testing of electric motors and drive systems through to production.

His motor designs are in more than 3 million electric vehicles, 10 million home appliances and 100,000 micro-mobility solutions. Pierre was instrumental in the design of the Tesla Model 3, Model Y, Model S Plaid and Semi motors. He also played a key part in the design of the V10 motor design during a three year tenure with Dyson.

The Company believes the addition of Pierre will significantly enhance its technical capabilities as it continues apace with the development of its Pareta® e-drives, including for the proposed Indian joint venture with EVage Motors, for which a Memorandum of Understanding (MoU) was recently announced.

Commenting, Peter Bardenfleth-Hansen, CEO of DG Innovate, said: "I am delighted to have another former Tesla colleague onboard. Pierre's motor designs have helped revolutionise the industry and with the addition of his skill set, we believe DGI will be able to deliver on start of production of our Pareta® electric drives on an accelerated timescale."

For further information please contact:

DG Innovate plc	C/O IFC
Peter Bardenfleth- Hansen (CEO) Jack Allardyce (CFO)
IFC Advisory (Investor Relations)	020 3934 6630
Tim Metcalfe Zach Cohen
FGS Global (Public Relations)	020 7251 3801
Rollo Head Gordon Simpson Alessandro M Rubin
Grant Thornton UK LLP (Financial Adviser)	020 7383 5100
Samantha Harrison Jamie Barklem Ciara Donnelly
Cavendish Capital Markets Limited (Corporate Broker)	020 7220 0500
Adrian Hadden / George Lawson (Corporate Finance)

About DG Innovate 

 

DG Innovate is an advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and the best engineering and scientific practices. DG Innovate is currently developing its products alongside a number of major manufacturers across the transportation and energy sectors, research institutions and the UK Government, and has filed numerous patents worldwide. DG Innovate's current research and development activities are broadly split into two areas, focusing on novel electric motor technologies and energy storage solutions. Its two main products are: 

 

- Enhanced Drive Technology (EDT) - High efficiency, cost-effective electric motors + power electronics; and 

- Enhanced Battery Technology (EBT) - Sodium-ion batteries offering a sustainable energy storage solution at similar/greater energy density to incumbent technologies at a lower cost, increased safety with lower environmental footprint.  

 

Further information may be found at: https://www.dgiplc.com 

 

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