ARC Will Start Crowdfunding for Vector Electric Motorcycle
This One Looks Interesting and Cool
There seem to be many electric motorcycles out there right now, and the ARC Vector hopes to be the best. The company created the Vector design, which is actually a really cool-looking motorcycle. It also managed to snag some money from Jaguar Land Rover’s Venture Capital fund InMotion Ventures. Now, the company needs to crowdfund enough money to begin production of its dream.
According to MoreBikes, that’s exactly what the company is currently working to set up. ARC has a multi-year fundraising program that it hopes will bring its motorcycle to market so it can truly compete with other big manufacturers. The crowdfunding is the second phase of this plan.
The money from the crowdfunding efforts will go to building a 65,000 square-foot manufacturing facility in St Athan, South Wales. That’s where the company will produce the Vector. The crowdfunding effort will be conducted on Crowdcube and begin on May 6. You can participate if you want. If you do, you’ll get equity in the business.
For those of you that don’t know, the Vector is a sleek, futuristic-looking electric motorcycle that has a range of 270 miles and a short charge time of just 40 minutes. Zero to 62 mph should come in a quick 3.2 seconds, and the bike’s top speed will be 124 mph. It plans to build only 399 Vectors.
Right now the company is focused on Europe, but it has international expectations, so there’s a chance that someday you could ride one of its bikes in the U.S. However, that sounds like it would be several years in the future.