In a deal purported to be worth US $55.1 million, EV Technology Group has agreed to purchase an additional 50% of MOKE International, which will boost its stake to 67.6% of the company. The deal is intended to rapidly expand MOKE International’s reach, producing and delivering more of its iconic classic MOKE-inspired electric vehicles.
The terms of the deal maintain an option for EVT Group to acquire the remainder of MOKE International, pushing its ownership to 100%.
EVT Group is an electric vehicle company whose stated mission is to “bring iconic brands into the booming EV revolution.”
In this case, it targeted MOKE International, the trademark holder of the original MOKE name.
For those too young to remember (which includes me), MOKEs were Jeep-like British cars built in the 1960s. Around 50,000 of the vehicles were produced, eventually developing a cult following around the fun little open-top rides.
The vehicle design has been rehashed multiple times since, including by a handful of companies with varying degrees of claims to the MOKE trademark.
MOKE International recently decided to go all-electric with its MOKEs, ending production of gas-powered versions in favor of the cleaner and quieter alternative.
As MOKE International’s CEO Isobel Dando explained:
MOKE going electric secures the appeal of one of Britain’s best loved marques for many generations to come. MOKE’s marriage of fun, personality and open air thrills will only be enhanced through the performance and silent running of an electric powertrain. We are proud to write a new chapter in one of British automotive folklore’s best loved stories.
Going on sale this summer, the new electric MOKE has a long reservation list across the UK and France, two of the largest markets for the original MOKE.
The vehicle features a top speed of 80 km/h (50 mph) and a range of 120 km (75 miles). A four-hour recharge is possible from a Level 2 charger. The rear-wheel-drive vehicle is fitted with a 10.5 kW electric motor that offers a peak power rating of 33 kW.
The Launch Edition of the electric MOKE is priced at £34,980 (approximately US $41,920), making this British-built EV one of the more expensive options on the market.
The cars may be pricey, but there’s apparently an audience for them. And EVT Group wants to grow that audience even further.
As CEO of EVT Group Wouter Witvoet explained:
The investment in MIL is extremely close to my heart. I first became interested in MOKE International when I tried to rent the vehicle in the South of France – I quickly discovered the joy of driving this vehicle in beautiful locales – but also the commercial opportunity given how high demand was for this iconic brand, relative to supply.
EV Technology Group’s mission is to revitalize iconic brands and rediscover the joy of motoring in an electric age. This applies brilliantly to MOKE International as it forms the perfect start to EV Technology Group’s strategy to acquire and brands that have a loyal following and substantial brand equity. I am looking forward to helping the business expand as it enters new markets, especially in the USA. MIL has a superb future and EV Technology Group has the capabilities to support it every step of the way.
MOKE International also claims on its website that it plans to begin shipping its electric MOKEs to the US in October of this year.
That US market expansion should prove interesting, especially since an outfit known as MOKE America already sells its own electric MOKEs for a still staggering yet somewhat easier to stomach US $21,975. That’s around half the price of the British-made version.
MOKE America claims to also produce its MOKEs locally, meaning the two companies could be setting the stage for a MOKE on MOKE showdown.
The US version from MOKE America is a different type of vehicle though, known locally as a Low-Speed Vehicle of LSV. These are 25 mph-limited vehicles that are technically not classified as cars. That allows them to pass a much less stringent set of regulations, yet are limited to slower speeds and smaller roads.
Would you pay twice as much for a MOKE that goes twice as fast? Let’s hear your thoughts in the comment section below.
Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.
Your poetic words create a beautiful melody! Your ability to express emotions through writing is truly an art. Thanks for sharing the beauty of language with us.
Incredible shot! The composition and colors are mesmerizing. You have a keen eye for capturing beauty in the simplest moments.
Your insightful reflections on this topic resonate deeply. Your ability to articulate complex ideas makes your contributions to the discussion invaluable.
Hi,Check out [www.dramago.live] for all your favorite Korean series. They have a huge variety of the latest and popular dramas you can watch anytime on any device.Thanks!
Hi,Check out [www.dramago.live] for all your favorite Korean series. They have a huge variety of the latest and popular dramas you can watch anytime on any device.Thanks!
Hi,Check out [www.dramago.live] for all your favorite Korean series. They have a huge variety of the latest and popular dramas you can watch anytime on any device.Thanks!
Hi,Check out [www.dramago.live] for all your favorite Korean series. They have a huge variety of the latest and popular dramas you can watch anytime on any device.Thanks!
Hi,Check outhttps://sites.google.com/d/1LZ5xqiGyyGneC2ELnm2vfh72L607ibpx/p/1ikhzqis3KR7V6QSgT_hDBZizKzcxLagc/edit for all your favorite series.
Hi,Check out [www.dramago.live] for all your favorite Korean series. They have a huge variety of the latest and popular dramas you can watch anytime on any device.Thanks!
Check out my collection of unique homemade videos!
lasuna without prescription – buy himcolin online buy himcolin for sale
besifloxacin oral – order carbocisteine generic sildamax tablet
buy gabapentin 100mg pill – buy azulfidine 500mg online cheap purchase sulfasalazine sale
order celecoxib 100mg online – buy generic indomethacin online indomethacin 50mg pill
buy diclofenac 100mg for sale – diclofenac for sale aspirin 75mg drug
rumalaya online – shallaki where to buy order amitriptyline pill
mestinon 60mg without prescription – buy generic imitrex 25mg buy azathioprine without a prescription
purchase diclofenac pill – order isosorbide 40mg pills nimodipine sale
baclofen 25mg brand – buy feldene pills buy generic feldene
mobic 15mg ca – maxalt 10mg drug order toradol online cheap
order generic periactin 4mg – purchase cyproheptadine pill zanaflex usa
trihexyphenidyl where to buy – where can i purchase diclofenac gel purchase emulgel
cefdinir 300 mg uk – buy cleocin online
buy isotretinoin medication – accutane online buy deltasone 20mg pills
order prednisone generic – purchase elimite online cheap permethrin for sale
order permethrin generic – buy benzac without a prescription buy tretinoin cream
cost betamethasone 20gm – buy betnovate paypal benoquin order online
flagyl order – buy flagyl cheap cenforce for sale online
brand amoxiclav – buy clavulanate medication buy levothroid sale
buy cleocin – cleocin 150mg cost buy indocin medication
buy losartan 25mg pill – order keflex generic buy keflex pills for sale
crotamiton oral – buy eurax sale buy aczone online cheap
modafinil pills – order modafinil pills buy melatonin 3 mg generic
order bupropion online – order shuddha guggulu pill shuddha guggulu pill
order capecitabine 500mg online cheap – brand capecitabine 500 mg danazol 100mg tablet
progesterone cost – cheap ponstel without prescription clomiphene where to buy
fosamax online – nolvadex online order buy provera online
order estrace 2mg for sale – brand femara anastrozole without prescription
buy cabergoline 0.5mg generic – premarin canada cheap alesse generic
プレドニン処方 – гѓ—гѓ¬гѓ‰гѓ‹гѓі – 5mg г‚ўг‚ёг‚№гѓгѓћг‚¤г‚·гѓігЃЇи–¬е±ЂгЃ§иІ·гЃ€г‚‹пјџ
жЈи¦Џе“Ѓг‚·гѓ«гѓ‡гѓЉгѓ•г‚Јгѓ«йЊ гЃ®жЈгЃ—い処方 – г‚·гѓ«гѓ‡гѓЉгѓ•г‚Јгѓ«гЃ®йЈІгЃїж–№гЃЁеЉ№жћњ г‚·г‚ўгѓЄг‚№ и–¬е±ЂгЃ§иІ·гЃ€г‚‹