Industria
ARC Group invests US $1.5 million in Swedish/Singaporean Electric Vehicle company UNITI
With its inventive approach and product, the 2019 launch was supported by investors and became Sweden's largest crowdfunding project, with over 1,2M€ raised from over 550 investors, within 36 hours. However, regulatory headwinds and financial challenges slowed the firm's progress. Further, heavily affected by the Covid-19 pandemic, the company filed for bankruptcy in 2022.
Nevertheless, investor interest in its core proposition and patents stayed strong. In 2022, Daniel Daboczy – a seasoned entrepreneur and founder of FundedByMe, a prominent European crowdfunding platform – acquired the assets of UNITI, restructuring the company and its management.
"As an entrepreneur, mentor and investor, I have looked into thousands of companies, and to this day, UNITI stands out. From the initial market excitement and engagement to the team's dedication, I never hesitated when presented with the opportunity to commercialize this project".
"The journey of commercializing a vision is never easy, but we have a good plan with new leadership, a dedicated team, great partners, and an ambition to put UNITI cars on the street as soon as possible," adds Daniel Daboczy, Executive Chairman at UNITI.
ARC Group has invested US$ 1.5 million in the newly restructured company. Moreover, with its extensive automotive experience, ARC Group's consulting division will be instrumental in supporting UNITI's commercialization. ARC will provide strategic input and lead the establishment of manufacturing and necessary supply chains, primarily in Asia .
Alexander Ocieczek, Managing Partner at ARC Group, comments: "We strongly believe in Uniti´s technological fundamentals, market vision, and the strength of the new management team. With our experience and strong network in East Asia and the Middle East , we are confident that we can help accelerate the time from prototype to serial production and to a leading niche market position."
ARC Group
Alexander Ocieczek, Managing Partner
+46 707 699 207
Birger Jarlsgatan 38, Stockholm
Email: alexander.ocieczek@arc-group.com
UNITI
Daniel Daboczy, Executive Chairman
Primusgatan 60
Email: daniel@dabber.tv
View original content:https://www.prnewswire.co.uk/news-releases/arc-group-invests-us-1-5-million-in-swedishsingaporean-electric-vehicle-company-uniti-301924605.html