3 years ago
Munro Vehicles Secures £750,000 Pre-Seed Funding to Advance Electric 4x4 Production
Munro Vehicles, a UK-based electric four-wheel drive manufacturer, has secured £750,000 in pre-seed funding from Elbow Beach Capital
The investment will support the development of Munro's first vehicle, the Mark 1, a fully electric 4x4 designed and built in the UK
The company plans to begin production of the Mark 1 in Glasgow later this year, with first deliveries expected in 2023.
ProblemTransportation
"Farming and mining are responsible for a significant portion of global greenhouse gas emissions, and there is a lack of electric vehicles designed for these industries."
Solution
"Munro is developing the first fully electric 4x4 vehicle designed and built in the UK, specifically for the mining, forestry, and agriculture industries. This will help reduce carbon emissions in these sectors."