2 years ago

Munro Secures £1 Million in Follow-on Funding to Expand Electric 4×4 Production

  • Munro, a Scottish manufacturer of all-electric 4×4 vehicles, has secured £1 million in follow-on funding led by Elbow Beach Capital

  • The funding will support the expansion of operations and development efforts

  • Munro has also announced the completion of its first production model, the all-electric Series-M 4×4 Utility, and has secured a £68 million global customer pipeline

  • The company plans to ramp up production to 2,500 units annually by 2027, creating 300 new jobs

  • Munro has signed partnerships with Jakob Mining Vehicles (JMV) and Morgan Sindall Infrastructure for the supply of its vehicles.

      • ProblemTransportation

      "The mining industry faces a huge challenge in reducing its carbon footprint due to the use of heavy, diesel-powered vehicles that produce harmful emissions."

      Solution

      "Munro offers all-electric 4x4 vehicles specifically designed to meet the demanding needs of the mining industry, enabling mining companies to electrify their operations and reduce their carbon footprint. These vehicles are robust and can operate in harsh environments, even at extremely low temperatures. "

      Covered on