One month on from announcing its investment initiative with crowdfunding platform Crowdcube, Arc, the manufacturer of “the world’s most advanced electric motorcycle”, has now opened for public investment.
The public now has the chance to invest following a pre-registration phase that generated more than 2000 expressions of interest. The investment will also help drive business scale through a state-of-the-art manufacturing facility in St Athan, South Wales.
The company says it already as the backing of a number of blue-chip investors, including Jaguar Land Rover’s Venture Capital fund InMotion Ventures.
Mark Truman, CEO of Arc says: “What an incredible few weeks it has been. We had intended for Crowdcube to go live earlier in the month, but we were delayed due to the finalisation of terms with new cornerstone investors. Since we first announced the Crowdcube initiative, we have been overwhelmed with positive interest and pre-registration expressions exceeding 2000. This is all about joining the Arc family, so whether you’re a motorbike aficionado, seasoned investor, technology or environment enthusiast, we’re inviting people to join our mission to become an established global leader in electric, recreational and luxury mobility. This unique investment opportunity is now open to the British public.”
The investment will contribute to the funding of the 65,000 sq.ft HQ, Arc St Athan, in 2020 which will become the centre of excellence for the company’s manufacturing.
The Arc Vector will feature a lightweight carbon-composite structure and battery-module monocoque.