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EMotive is developing a 6 wheel drive all-electric off-road commercial vehicle platform. The configurable solution has led to early interest from Utility providers, Agriculture and Fire Services. Aiming to achieve verification & validation of working prototypes with customers in 2022, with the intention of delivering air quality improvements around the world.

  • 5 years of R&D and £1.1m invested to date
  • Early stage conversations in regards to technology licencing with a UAE corporation
  • Global off-highway EV market worth $5.48 billion with CAGR of 21%
  • Initial letter of support from National Farmers Union
Information £70,000 of funds on the progress bar represent funds raised by the Company prior to launching the campaign. The Company has already received these funds, and the Company has indicated that these funds may be spent whilst the pitch is live. Completion of the Crowdcube raise will occur on the same material terms and share price.

Idea

The UK government plans to phase out the sale of new diesel and petrol heavy goods vehicles (HGVs) by 2040.

Our mission is to help by creating a zero-emission solution for industries requiring specialist vehicles such as Construction, Agriculture and Mining.

The market for global off-highway vehicles is expected to grow at a CAGR of 21% from 2020 to 2027 but the overall development cost for vehicles entering this market is significant. We will support the cost-effective adoption of zero-emission vehicles by producing a versatile commercial vehicle platform that can be produced by manufacturers for various uses, under licence.

The concept is built around a bespoke chassis architecture, designed to be modulated with pure electric drive to either 2, 4 or 6 wheels individually. It’s been designed to use multiple different sources of propulsion such as Hybrid power plants, State of the art Ni-rich NMC battery technology, and hydrogen fuel cells.

Our demonstrator vehicle represents 5 years of engineering R&D and is now a rolling chassis with the control system architecture in development.

We are in early stage discussions with one of the worlds leading producers and suppliers of firefighting equipment.

Funds raised will be used to integrate the powertrain into the prototype chassis, allowing us to complete the final demonstrations to manufacturing partners and end consumers.

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Risk warning

Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Crowdcube once you are registered as sufficiently sophisticated. Please click here to read the full Risk Warning.

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Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

EMotive has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.