Founded in 2119, Atlantica Electromotive is a government owned heavy industry who's goal is to produce the base infrastructure needed to develop Atlantica. It exsisted as a small company, kept afloat by funding from the
American Union, long into the settlement of Atlantica.
By 2135 it became increasingly clear that settling other
star systems was a massive investment of resources with very little payoff for Humanity's home world. Atlantica lacked the cantonite that made settlement of
New Texas so profitable. The rapid settlement of the surface of the planet also necessitated an increasingly large share of the resources produced in space which heavily bottle necked space expansion. The lack of cash flow caused The Atlantica Colonial Administration to open Atlantica Electromotive up for private investment.
The company would limp from crisis to crisis over the next century with many in leadership wiped out during the
Zhongzhi in 2199 during an international conference on extra solar colonization. A few years later, a massive drop in extra-solar investment from the American Union had the company declare bankruptcy to try and discharge debts owed to
organizations in Sol. A large purchase of
Chongwu would end up becoming a major scandal in 2238, and then a mere ten years later non-daqin aligned members of the board were forced to resign during the 'Furge'.
Ultimately the combination of low offical investment from its patrons in Sol and the Atlantica Colonial Administration combined with the increasing reach of the corporation would see powers hungry for influence view Atlantica Electromotive as an easy target. Board Members of the company rarely were able to hold a position for more than a few years before their dirty laundry would come to light and they were forced to resign.
In 2321, the entire board of the company was let go after the attack on the AU senate, with control of the company falling directly to the Atlantica Colonial Administration under fears of Magnetic Assembly influence within the organization. Despite pressure to install Union loyalists, the colonial administration has largely held off appointing new leadership, waiting to see who ends up with control over the
Atlantica system.