Ready to expand its line of motorized vehicles, Plymouth-based Wildcat has launched an equity crowdfunding campaign on Crowdcube to raise £1.5 million for its new off-roadsters, the W22 and MV-LSV. The raise represents a 15% equity stake in this 35 year old company. There is also a tired reward program for investors – depending on how much is invested.
The vehicles, which has been viewed on the hit British series Top Gear, was founded by Oliver Mitchell and is looking to develop the two vehicles and grow their company. According to Western Morning News, The W22 is based around a lightweight highly rigid composite platform and designed to provide 4X4 ‘track day’ performance with the Wildcat off road capabilities, while retaining the comfort of a luxury SUV. The MV-LSV (Light Strike Vehicle) provides the driver with an ideal lightweight rapid intervention vehicle for special forces, border patrol, reconnaissance or strike forces.
The company announced:
“Our success to date has been driven by a combination of our loyal customers, brand presence, premium product and dedicated team. However, we have ambitious plans for the future. In order to deliver the next chapter in our success story we are seeking further investment.
“We would like to welcome you to be a part of the Wildcat Automotive journey, and hope that you are as passionate about Wildcat as we are.
“We are on target to raise £1,500,000 in exchange for 15% equity in the business, with a tiered rewards programme for all investors, with the benefits increasing in line with the size of the investment.”
A spokesperson from Wildcat shared with the Plymouth Herald:
“Wildcat’s MV-LSV offers unrivaled performance for a vehicle in this size and weight class. There is already a huge amount of interest for this car with several major governments wanting to put it to the rest. Oliver is hoping to buck the trend of selling out to foreign investors by keeping the Wildcat automotive group under British ownership, providing jobs to British works in our UK car plants.”
Mitchell added:
“Whilst the company is profitable, developing and producing new vehicles is an extremely costly exercise and in order to achieve their goals and take the business to the next level, investors through the crowdfunding site are estimated to get an 800 percent return on their original stake over a five year period along with several company benefits if the targets are achieved.”
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