- Munro Vehicles launches crowdfunding campaign from Oct 3-31 to fund production and expand operations.
- Upgrades to Series-M models: streamlined designs, ‘exoskeleton’ for equipment, advanced LFP battery.
- Investment drives sustainable transport innovation, shaping the electric vehicle industry’s future.
Munro Vehicles has launched an equity crowdfunding round via Seedrs, set to run from October 3rd to 31st
This strategic initiative aims to seize the opportunity presented by Munro’s robust two-year order book. The funds generated will be instrumental in actualizing their vision: delivering the first batch of production vehicles, expanding their workforce, scaling up their premises, and enhancing resources.
Munro CEO and Co-Founder, Russell Peterson, commented:
“We have already had significant interest from the investor community and are extending that offer further to entrepreneurs, private individuals, and customers. We want to give them the opportunity to become part of the Munro story and take advantage of the unique solution our products provide and the significant imminent legislation-driven market opportunity the brand is poised to leverage,
Munro has paid reservations and sales agreements for eight pilot vehicles in 2023 and 221 production vehicles in 2024-2025. Our immediate priority is to deliver Series-M pilot vehicles to early-adopter customers to demonstrate our product-market fit. Our production spec deliveries will start mid-2024, and we plan to progressively ramp up production to 2,500 vehicles per year by 2027. So, with a full two-year order book for both the Series-M Pick-Up and the Series-M Truck, Munro’s Seedrs campaign will offer compelling investment opportunities, expedite our growth plans and unlock scales of economy.”
Why invest in Munro?
The Series-M 4×4 Truck and Pick-Up models from Munro have undergone significant upgrades. These enhancements include streamlined designs for improved aerodynamics and cooling, ensuring greater efficiency and enhanced forward visibility.
Utility models now boast an innovative ‘exoskeleton,’ simplifying equipment mounting. Ergonomic enhancements, an adjustable steering column, and a comprehensive suite of safety features. These include integrated airbags, ABS brakes, stability, and traction control.
One of the standout features of the Series-M models is the introduction of an advanced Lithium Iron Phosphate battery. This technological marvel enables rapid charging, reaching 130kW in just 30 minutes. Additionally, Munro has prioritized passenger comfort with enhanced thermal efficiency and superior sound deadening.
With over 250 pre-orders already in the bag, Munro’s Series-M vehicles are in high demand, particularly in sectors like mining, construction, utilities, agriculture, and defence. Supporting innovators like Munro in the electric vehicle industry is crucial. EAV announced a near-identical round of funding a little under a year ago. They’re now amongst the most successful ecargo solutions companies in the country.
These advancements mark a significant step towards widespread sustainability, reducing carbon emissions and driving transformative change. By investing in Munro’s crowdfunding campaign, individuals are not just supporting a pioneering company but actively contributing to the evolution of sustainable transportation.