Shares in Wellington Drive Technologies rose after it raised $8.4 million from shareholders, the full amount that had been sought.
The company's share price has fallen 84% to 1.8 cents since it announced it was seeking the money by issuing new shares in December.
The stock gained 0.3 cents to 2.1c on Thursday.
The maker of energy-efficient motors said its small size, the global spread of its operations, intense competition and its limited cash reserve make left it vulnerable to adverse shocks.
It expects a substantial financial improvement this year and wants the extra funds to order materials in preparation for increased sales.
