Maker of iconic electric Moke sells 65% of its shares to EV Technology Group
23 Jul 2022|664 views
Moke International has agreed to a corporate buyout of 65% by EV Technology Group, helping the iconic British marque prepare for a future as a fully electric global brand.
EV Technology Group is a specialist in electrifying iconic automotive brands. The move to buy Moke International came as MOKE International launches the new Electric Moke, which is an emissions free continuation of original 1964 Mini Moke.
The Moke has been thoroughly engineered to help it stay relevant in an electrified future The new electrified model has already proven to be a hit, with long waiting lists building up in countries such as France and the U.K.
Moke International will stand to benefit from EV Technology Group’s world class product development, engineering and manufacturing capabilities, taking the Moke into a new era and global markets.
EV Technology Group will own 65% of Moke International after a cash and stock transaction valued at $76.6 million dollars. The deal is the first full purchase of a major automotive brand by EV Technology Group and fits in its brand strategy of reinventing brands through electrification.
The management team at Moke International will be retained as part of the deal and will continue to lead the brand’s expansion to other markets.
Production of the electric Moke is already underway, with customer deliveries arriving in the coming weeks. The electric Moke is able to cover up to 130km of range on a single charge and takes just four hours for a full charge via a Type 2 port.
EV Technology Group is a specialist in electrifying iconic automotive brands. The move to buy Moke International came as MOKE International launches the new Electric Moke, which is an emissions free continuation of original 1964 Mini Moke.
Moke International will stand to benefit from EV Technology Group’s world class product development, engineering and manufacturing capabilities, taking the Moke into a new era and global markets.
EV Technology Group will own 65% of Moke International after a cash and stock transaction valued at $76.6 million dollars. The deal is the first full purchase of a major automotive brand by EV Technology Group and fits in its brand strategy of reinventing brands through electrification.
The management team at Moke International will be retained as part of the deal and will continue to lead the brand’s expansion to other markets.
Production of the electric Moke is already underway, with customer deliveries arriving in the coming weeks. The electric Moke is able to cover up to 130km of range on a single charge and takes just four hours for a full charge via a Type 2 port.
Moke International has agreed to a corporate buyout of 65% by EV Technology Group, helping the iconic British marque prepare for a future as a fully electric global brand.
EV Technology Group is a specialist in electrifying iconic automotive brands. The move to buy Moke International came as MOKE International launches the new Electric Moke, which is an emissions free continuation of original 1964 Mini Moke.
The Moke has been thoroughly engineered to help it stay relevant in an electrified future The new electrified model has already proven to be a hit, with long waiting lists building up in countries such as France and the U.K.
Moke International will stand to benefit from EV Technology Group’s world class product development, engineering and manufacturing capabilities, taking the Moke into a new era and global markets.
EV Technology Group will own 65% of Moke International after a cash and stock transaction valued at $76.6 million dollars. The deal is the first full purchase of a major automotive brand by EV Technology Group and fits in its brand strategy of reinventing brands through electrification.
The management team at Moke International will be retained as part of the deal and will continue to lead the brand’s expansion to other markets.
Production of the electric Moke is already underway, with customer deliveries arriving in the coming weeks. The electric Moke is able to cover up to 130km of range on a single charge and takes just four hours for a full charge via a Type 2 port.
EV Technology Group is a specialist in electrifying iconic automotive brands. The move to buy Moke International came as MOKE International launches the new Electric Moke, which is an emissions free continuation of original 1964 Mini Moke.
Moke International will stand to benefit from EV Technology Group’s world class product development, engineering and manufacturing capabilities, taking the Moke into a new era and global markets.
EV Technology Group will own 65% of Moke International after a cash and stock transaction valued at $76.6 million dollars. The deal is the first full purchase of a major automotive brand by EV Technology Group and fits in its brand strategy of reinventing brands through electrification.
The management team at Moke International will be retained as part of the deal and will continue to lead the brand’s expansion to other markets.
Production of the electric Moke is already underway, with customer deliveries arriving in the coming weeks. The electric Moke is able to cover up to 130km of range on a single charge and takes just four hours for a full charge via a Type 2 port.
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