Electric Vehicle Conversion Company

Expressions of Interest Due:

Monday 10th October at 12pm BST

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Project Volt – SOLD

The opportunity exists to purchase the business and assets of an electric vehicle conversions company with a high profile that is well positioned to expand into multiple vehicle sectors ahead of 2030 net zero targets.

• Created the world’s first fully electric London Black Cab with 261 vehicles sold
• Diversified into new products due to the effects COVID19 had on donor vehicle supply
• Operates from Coventry in the Midlands
• 5 employees
• 2021 turnover c. £4.5m
• Assets available or sale comprise the fully fitted leasehold premises including machinery/tools, stock and intellectual property (customer database, automotive contacts, Goodwill/IPR, EV Expertise)

It is envisaged this will be an asset sale only out of Administration. The purchaser will require initial starting capital and longer term investment to develop and grow the business​.