EV Technology Group acquires Moke International for £46.2m
Witvoet previously co-founded asset management firm Valour and says a number of investors that he knows from his time there – and at previous similar institutions – have followed him to EVTG, helping provide the funding needed to acquire automotive brands like Moke.
Isobel Dando, CEO of Moke International, said:"These are brands that don't just have a feel of nostalgia, but that we can catapult into the future. So what does the Moke of the future look like? Not exactly like it did in 1964. Interestingly, EVTG's future expansion plans could see it come to serve as a parent company for a group of low-volume manufacturers, each of whom could lean on the extra financial stability and resource availability to bring their own products to market.Witvoet said:"A lot of EV brands have similar problems: they need manufacturing; they need batteries; they need powertrains...
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