Crowdfunding is new to everything these days –even motorcycles. Arc, a British startup, is using crowdfunding to bring its electric motorcycle into production.
This funding is not the same as the platforms you are probably familiar with; “Crowdcube” is a crowdfunding platform based on equity. Instead of paying for a product or part of a product, your investment is just that, and you will get a share in the company. Similar to crowdfunding other businesses, and investing for that matter, this means that there is a chance that the investment will end up being worthless.
Arc, which takes care to call itself “a team of pioneering British designers and engineers in the field of electrical machines”, aims to expand into a new manufacturing facility in St Athan, in the south of the country. of Wales, in order to finalize the development of their new electric limited edition. motorbike. They will expand into this 65,000 square foot facility to work on putting their concept into production. The Vector is expected to retail for Â£ 90,000.
Arc CEO is Mark Truman, and he said this: âSince the Arc Vector launched just 16 weeks ago, we have been overwhelmed by the reception it has received from global media, prospects. and investors. To date, we have received over 100 expressions of interest from prospects and are now opening ownership of our transformative business in a manner similar to the community ownership model made famous by people like Barcelona football club. So whether you are a motorcycle enthusiast, a seasoned investor, a tech enthusiast, or just someone who is passionate about the environment, this is a unique opportunity to join the Arc family and help accelerate our journey. to become an established global leader in the field. of electric mobility, leisure and luxury.
According to Arc’s website, the group will manufacture just 399 of these machines, which have a published charge time of 40 minutes with a range of 436 km (270 miles) and a weight of 220 kg (485 lb).
The Crowdcube fundraising site will go live on May 6. Are you ready to invest?