Raptor makes an electric £1.5m sales

raptor300iA new electric vehicle designed, manufactured and assembled in the Midlands is enjoying a successful first year with £1.5m of orders already in the pipeline and a number of jobs created.

Ecospin, which is the brainchild of Leicestershire brothers Paul and David Loomes, has witnessed international demand for its three-wheeled EPV (pictured) with 350 units already destined for distributors in the United States and Australia.

With support from the Manufacturing Advisory Service (MAS), the company is now putting the finishing touches to a strategic partnership with ACE Forming to set up a dedicated production line in Dudley.

This move will give the duo the potential to manufacture between 1500 and 2000 vehicles every year and could see sales reach £10m.

Managing director Paul Loomes said he was surprised at the speed orders had grown since the vehicle’s launch last year.

He continued: “The big break came when we were approached by the global vehicle manufacturer Vectrix, who wanted to take the Raptor and distribute it in North America under the ES3 brand.”

“They were impressed with our vehicle’s speed, range and ability to be driven over all forms of terrain, including gravel, grass and up steep hills.

“Vectrix has already received sales of over 300 in the US, with the units destined for police forces, federal agencies and private security groups.”

Ecospin, which is located at a R&D and assembly facility in Leicester, has so far created six jobs and expects to create a further ten next year.

The Raptor, which starts from £6500, is the first in a series of electric powered vehicles planned by the Loomes brothers.

This material is protected by copyright Ken Hurst 2013.

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About Ken Hurst

Ken Hurst began his career as a journalist in London over 30 years ago, working on a range of publications before moving on to weekly newspaper production in the newly-independent Zambia of the 1970s. He returned to the UK where his work included spells on newspapers and magazines, before moving to head up Norwich Union’s corporate affairs division. In the 1990s he moved on to freelance, co-own and publish the B2B audio magazine Sound and front the BBC radio Yesterday’s Papers programme. There followed six years as Business Editor at Britain’s biggest selling regional daily newspaper, The Eastern Daily Press, where he led an award-winning team and for whom he still writes a weekly socio/political comment column. Subsequently, he was Group Editorial Director at CBM, responsible for its UK and US magazine output – including The Manufacturer magazine – research-driven industry reports and live events content. Currently he is Contributing Editor at Works Management magazine publisher Findlay Media and Chairman of the consumer publishing house TNT Multimedia Ltd. He is a Fellow of the Royal Society of Arts and of the British Association of Communicators in Business.
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