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RBW EV Cars Receives £10 Million Investment from Silicon Valley Venture Capital Firm

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#classiccars #vintagecars #sportscar #carenthusiasts
Published
06/27/2024 by

RBW EV Cars – the UK's only EV manufacturer of new, hand-crafted British classic sports cars, today announced that it recently secured a £10m investment from San Francisco Bay Area-based Meson Capital Partners, which will be used to expand the company's operations, manufacturing, sales and marketing on a global scale. Riding on the coattails of this news, RBW also cemented several business partnerships to bolster the EV company's manufacturing capabilities. The recent events are part of RBW's business plans to expand its global market share and mindshare following unprecedented demand for its hand-built, iconic sports cars that are presently backordered until the end of 2024.

The recent VC funding has already been utilized to finish the completion of its new, state-of-the-art factory in Lichfield, England, which now employs 42 employees. RBW's new Roadsters, and later this year with the debut of the GT model, are hand built by a team of specialized craftsmen, including hand tailored interiors that are customized for each individual customer.

"This year is poised to be one of the all-time best in our company's history as we continue to go from strength to strength increasing sales and production for our EV powered Roadster and soon to be launched GT model," said Peter Swain, CEO of RBW EV Cars. "The infusion in capital from our recent venture funding coupled with continuing demand for our new, classic British sports cars will allow us to expand our global footprint operationally to ensure a steady supply of our hand built EV's."

Currently, RBW offers its Roadster model, with a starting price of $135,000 (USD). In late 2024, the company will debut its long-awaited GT model, with a starting price of $151,000 (USD). As part of RBW's customer experience, inquiring buyers can configure their personalized RBW Roadster by visiting the build your own RBW Roadster page on the company website. Configuration options include paint color, rooftop, interior and wheel style, as well as the ability to choose between multiple languages. To inquire about purchasing one, please visit RBWEVCars.com.

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