Matchless announces plan to fund TWO superbikes. By raising £5m through bonds.
The man behind Matchless Motorcycles has announced a plan to raise £5 million to help revive the classic business.
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Matchless, one of the UK’s oldest motorcycle makers is planning on raising a mini-bond system which will be sold to small investors through the online finance platform Karadoo. It’s an idea from Franco Malenotti, whose family acquired the Matchless brand and assets in 2012.
Investors in the Original Matchless Motorcycle Company will get six percent annual interest for five years.
Production of the hand-built motorbikes is due to begin early next year at the Onyx race engineering factory at Littlehampton, Sussex.