Appointment of Independent Non-Executive Director
17/12/2021 06:59
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RNS Number : 9645V Saietta Group PLC 17 December 2021
Friday 17 December 2021
Saietta Group plc
("Saietta" or "the Company")
Appointment of Independent Non-Executive Director
Saietta Group plc, the UK company that has developed the innovative, patent
protected, AFT electric motor designed for high efficiency electric vehicle
drivetrains, is pleased to announce the appointment of Seshu Bhagavathula as
an Independent Non-Executive Director, with immediate effect.
Seshu Bhagavathula (62) has over 30 years' experience in the automotive
industry and is currently a Non-Executive Director of Swedish electric truck
manufacturer, Volta Trucks AB. He is also advising Hong Kong-based
investment firm Jebsen Capital on its automotive investments. He currently
represents Jebsen on the Board of Cipia, a leader in computer vision AI for
driver and cabin sensing technologies.
Earlier in his career, Seshu spent 18 years across a number of roles at
Daimler AG, including over 4 years in India where he founded DaimlerChrysler's
R&D centre in Bangalore. From 2016, Seshu spent nearly five years at Ashok
Leyland, the Indian bus and truck manufacturer, as Chief Technology Officer
and then President - New Technologies.
Seshu holds a master's degree in Electronics and Physics from the Indian
Institute of Technology - Bombay, and a doctorate in High Frequency Technology
from the University of Stuttgart.
Anthony Gott, Chairman of the Saietta Group, said:
"We are pleased that Seshu has agreed to join the Board of Saietta. He
brings a wealth of automotive industry knowledge and networks and has a strong
track-record in developing new technologies and electric vehicles. He is
also extremely well-connected in the Indian automotive industry, one of
Saietta's key target markets, including with EV and battery manufacturers. We
welcome him to the Board and look forward to working together as we continue
to accelerate the commercialisation of Saietta's EV drivetrain products."
Seshu Bhagavathula commented:
"I am delighted to be joining Saietta. I believe the Company has the product
and technology to deliver its mission of democratising the EV revolution; a
mission which is very close to my heart. I have been very impressed by the
team and the progress the Company has made since its commercial product launch
just over a year ago. I look forward to being part of the team."
Save as set out below there is no other information that is required to be
disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for
Companies
Current and past directorships:
Current directorships Former Directorships within the last 5 years
Volta Trucks Ltd (Sweden) Albonair GmbH (Germany)
Cipia Limited (Israel) Optare Plc
Ascension AI UG (Germany) Albonair India Pvt., Limited (India)
QSentience UG (Germany)
Enquiries:
Saietta Group via FTI
Wicher (Vic) Kist, Chief Executive
Steven Harrison, Finance Director
Canaccord Genuity (Nominated Adviser and Broker) +44 (0) 207 523 8000
Henry Fitzgerald-O'Connor
Patrick Dolaghan
+44 (0) 20 3727 1000
FTI Consulting (Financial PR advisor)
Ben Brewerton saietta@fticonsulting.com (mailto:saietta@fticonsulting.com)
Dhruv Soni
About Saietta:
Saietta is an AIM-quoted, UK electric drive company that has developed the
innovative, and patent protected, axial flux technology (AFT) motor, which can
power a wide variety of electric vehicles, ranging from scooters, motorbikes,
cars, marine engines, through to larger vehicles. Saietta's initial focus is
to enable the mass-market electrification of the high-volume motorbike and
lightweight vehicle market across Asia. Saietta is democratising the EV
revolution with motors capable of delivering high torque density at low
voltage, whilst being low-cost, low-maintenance, and highly suitable for
mass-market production.
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