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Arc seeks investment to accelerate production of electric motorcycle
Arc has announced an investment initiative on crowdfunding platform Crowdcube. The crowdfunding campaign goes live to the public on 6th May and will enable Arc to finalise development of the game-changing Vector motorcycle as well as scaling the business through a state-of-the-art manufacturing facility in St Athan, South Wales.
This four-week investment is phase two of a much larger raise which includes the multi-year backing of a number of blue-chip investors, including Jaguar Land Rover’s Venture Capital fund InMotion Ventures.
Mark Truman, CEO of Arc says: “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.”
Arc St Athan will become operational in 2020 and will become the centre of excellence for the company’s manufacturing. The 65,000 square feet of premises will be reflective of the brand’s proposition; best in class, innovative and thoroughly British at heart. Alongside a brand-new manufacturing facility and staffing area, where training and customer experience will lie at its heart, the stunning facility will house a clubhouse, a test track and proving ground, as well as offering a private facility for international clientele arriving by helicopter.
The Arc Vector is the most advanced electric motorcycle ever brought to market, with a lightweight carbon-composite structure and ingeniously elegant battery-module monocoque. The Human Machine Interface (HMI), comprising an intelligent rider jacket packed with haptic sensory technology and a Heads-Up Display (HUD) brings together some of the most technologically advanced equipment known to man, all in one electric motorcycle.