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.
