British electric motorcycle start-up Arc is gearing up to launch a crowdfunding campaign to get its Vector into production.
Following investment from Jaguar Land Rover’s Venture Capital fund InMotion Ventures – Arc is set to launch the second phase of its multi-year fundraising programme.
The campaign is set to go live on Crowdcube on 6 May – and will help Arc to grow the business through a new 65,000 sq-ft “state-of-the-art” manufacturing facility in St Athan, South Wales. If you’ve not heard of Crowdcube before – essentially it’s an equity-based crowdfunding platform, which means that if you invest some money, you’ll get a share in the business.
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The funding will also help them to finalise development of its new limited edition £90,000 Vector electric motorcycle – which was shown to widespread acclaim at the big bike shows towards the end of 2018.
Mark Truman, CEO of Arc said: “Since launching the Arc Vector just 16 weeks ago we have been overwhelmed with how positively it has been received by global media, prospects and investors alike. To date we have received over 100 expressions of interest from prospects 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.”
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