A BRITISH EV car company which collapsed six months ago after failing to deliver a single vehicle has been revived.
The ambitious firm had been aiming to convert a much-loved classic car into a new-age ride.
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Charge Cars went bust last July and axed all 50 or so members of staff.
The Hillingdon, West London, based firm had set its sights on only making one product – an electric conversion of the legendary 1967 Ford Mustang.
When the company failed to deliver a single one of the £350,000 EVs it pulled the plug.
The makers however are now back up and running after a new owner brought the business back to life, according to Autocar.
A consortium of private investors – led by the manufacturer’s new CEO Paul Abercrombie – have revived the ambitious project.
These new owners have not been the only change for this EV firm.
The company will now be headquartered in Silverstone, the home of British motorsport.
Charge Cars now hopes these changes and its comeback will mean it can quickly deliver to its waiting customers.
The manufacturer had received multiple orders and lots of buzz around its modern revival but blamed “significant challenges” for initially pulling the plug last summer.
REMARKABLE VEHICLE
Ford even granted it a licence for the design, allowing Charge Cars to make its own shell for the vehicle.
A 63kWh battery would be mounted into the floor to power the vehicle, with a projected 0-62mph time of just 3.9 seconds.
It also hoped to boast a 200-mile range and ultra-rapid 50 kW charging capacity.
Only 499 were initially set to be produced, each tailored to its owner and distributed through the firm’s Monaco showroom, but the new owners have not confirmed if this has changed.
The ‘67 will set people back an eyewatering £350,000.
This incredible project was billed to be a “legend reborn”.
BUST
Charge Cars collapsed into administration on May 31, 2024, without a single one of its cars reaching customers.
One source told Autocar that the cars were nearing production and several orders had been received before the firm went under.
It followed the bankruptcy of Arrival, Charge’s sister company, back in February.
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