Other investors include the filmmaker Matthew Vaughn and the people behind brands including Vilebrequin and Fiat Chrysler
ZUG, Switzerland, Nov. 4, 2021 /PRNewswire/ — EV Technology Group Inc. (“EVT”) has announced that it has made a strategic lead investment in MOKE International Limited (“MIL”), the official producer of MOKE vehicles since 2015 when it acquired the original 1964 trademark.
MIL has recently been restructured, bringing together a new executive team and plans for the launch of the MOKE Electric in 2022. With the release of this ground-breaking electric vehicle, MIL brings decades of style and its iconic brand into the carbon free future. Other investors in the round include Matthew Vaughn (maker of the Kingsman films) with follow on investment from the Vere Nicoll family, Glenn Earle (former Goldman Sachs COO and Fiat Chrysler board member) and Morris Goldfarb (Chairman and CEO of GIII Apparel, the owner of DKNY and Vilebrequin and licensee of the Calvin Klein and Tommy Hilfiger brands). Mr Vaughn and Will Butler-Adams, CEO of Brompton Bicycles will join the Advisory Board.
MIL is currently led by:
- Isobel Dando (CEO) – An experienced automotive executive who has previously spent 16 years at the BMW Group, where she re-launched the Rolls-Royce brand and served as Director of Retail
- Andy Mullineaux (CFO) – Who previously led business planning, management and corporate financing at McLaren
- Robin Kennedy (Commercial Director) – A former derivatives broker at HSBC Investment Bank before founding a recruitment technology platform and SaaS business in 2009 that was sold to Bright Network in 2017
EVT was founded in 2021 by co-founders Olivier Roussy Newton and Wouter Witvoet, with the mission of accelerating the adoption of electric vehicles, with a strategic focus on EV technologies that have growth potential by targeting unique, niche and underserved markets. MIL is the first investment of EVT.
With this investment, MIL will be launching the MOKE Electric in 2022, ready for the summer season. MIL and EVT will also work together on rolling out vehicles across Europe and other geographies. The MOKE Electric will seek a European M1 Small Series vehicle classification and the vehicle itself has a top speed of 100 km/h, an 11 kWh battery …….