7 years ago

Arc Vehicle Secures Multi-Million Pound Funding to Launch Electric Motorcycle

  • Arc Vehicle, a Coventry, UK-based e-motorcycle maker, has completed a multi-million-pound funding round

  • Backers include Mercia Fund Managers’ EIS funds, the MEIF Proof of Concept & Early Stage Fund, managed by Mercia and part of the Midlands Engine Investment Fund, Jaguar Land Rover’s venture capital fund, InMotion Ventures, as well as a number of private investors

  • The company intends to use the funds to launch its electric motorcycle, the Vector, which is a clean, safe and fulfilling motorcycle accompanied by a connected helmet and ‘intelligent’ rider jacket that creates a ‘human machine interface’

  • The hand-made, lightweight vehicle is set to retail at £90,000

  • As part of the deal, the company has appointed David Roberts, who has held senior roles at both Aston Martin and Chrysler, as Chair.

      • ProblemManufacturing

      "making e-motorcycle manufacturing more efficient and sustainable"

      Solution

      "producing electric motorcycles with a connected helmet and intelligent rider jacket that provides riders with real-time information and a safer riding experience"

      Covered on