The Twike electric vehicle manufacturer is pleased with the response to the crowdfunding campaign for the vehicle's fifth generation. Twike reached its funding goal super fast. It took just 14 days for the volume to increase by a factor of two. In and of itself, this shows us how much of a robust support system Twike has in the community. In a statement, the Twike team thanked the public for their support.

The "Family & Friends" round of Twike 5 crowdfunding continues until August 11th. The creators are hopeful that the public will continue to be interested in the project. New investors who have never heard of the Twike will benefit from a good starting point. As the past few weeks have shown, many potential investors have been able to get in on the action thanks to the fact that they can invest as little as 100 euros.

This round of funding should raise no more than €2 million. Right now, it's worth roughly 322,000 euros. The final development and production of the Twike 5 three-wheel electric vehicle are expected to cost around six million euros. Equity and/or debt capital will be used to raise funds. The company's current shareholders are willing to sell up to 20% of the company's stock to raise equity financing.

The Twike 5 three-wheel electric vehicle mass production is expected to begin in early 2023. Between 39,900 and 49,900 euros should be the price for the 250-kilometer version. According to the manufacturer, sales of 500 units equate to a turnover of about $20 million. About 4.8 million euros in upfront payments and information about the company have been made available to 1,600 prospective buyers.

The Twike 6 electric vehicle production should begin in the first quarter of 2024, with sales of 2000 units expected each year. The Twike 6 electric vehicle will be available in Europe and the United States. To put things in perspective, it's estimated to cost around $12 million to develop and produce the Twike 6. Debt or equity financing will be used to raise the necessary funds. @via twike.



Production of the Ford Mustang Mach-E electric car has reached a significant milestone, with up to 150,000 cars built. The famous electric vehicle will be available in 37 nations starting next year. Ford's first 100% electric car, the Ford… Continue reading

Tesla is still losing money from selling electric cars. Elon Musk owes a solid profit for 2020 to another source of income. 2020 was an excellent year for Elon Musk and Tesla. Thanks to a sevenfold increase in market value, the electric car… Continue reading

In recent months, the framework conditions for a quick ramp-up of electromobility have deteriorated dramatically due to a shift in interest rates, inflation, and growing costs for batteries, automobiles, and electricity. According to the… Continue reading

The first electric Lexus is based on the UX crossover and is called the UX 300e. The Japanese electric car is powered by a 204 HP electric motor with a 54.3 kWh lithium-ion battery guaranteed for 10 years or a million kilometres. For the UX… Continue reading