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18/04/2019

Electric motorcycle manufacturer Arc has launched a crowdfunding campaign to complete the development of its Vector machine and expand its manufacturing plant at St Athan, South Wales.

The campaign, the second phase of a larger funding campaing that is said to include the backing of a number of blue-chip investors, including Jaguar Land Rover’s Venture Capital fund InMotion Venture - goes live to the public on 6 May and will run for four weeks.

Arc plans to produce 399 Vectors, priced at £90,000 each.

Mark Truman, CEO of Arc says: “Since launching the Arc Vector just 16 weeks ago we have been overwhelmed at how positively it has been received by global media, prospects and investors alike. To date we have received more than 100 expressions of interest and we’re now opening up ownership of our transformative business in a similar way to the community ownership model made famous by the likes of Barcelona Football Club.

"So, whether you’re a motorbike aficionado, a seasoned investor, 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 towards being an established global leader in the field of electric, recreational and luxury mobility.”

The 65,000sq.ft factory at Arc St Athan is scheduled to open in 2020 and will house a clubhouse, a test track and proving ground, as well as offering a private facility for international clientele arriving by helicopter.

Arc says the Vector is "the most advanced electric motorcycle ever brought to market". It has a lightweight carbon-composite structure and battery-module monocoque. The Human Machine Interface (HMI) comprises an intelligent rider jacket packed with sensory technology and a Heads-Up Display (HUD).

www.arcvehicle.com

https://Arcvehicle.com/invest