Moke International – the British firm behind an 'electro-mod' version of the open-sided Mini beach car from the 1960s – has been acquired by the newly formed EV Technology Group for $55.1 million (£46.2m).
The move sees EVTG – led by Dutch entrepreneur Wouter Witvoet – take a 65% stake in the low-volume Buckinghamshire-based brand, with the option to claim all of the remaining shares.
EVTG, incorporated on 30 March 2022, describes itself as a specialist in "electrifying automotive brands" and says this is the first of several planned acquisitions in this vein.
