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. Its mission, it says, is "to create and redefine the joy of motoring in the electric age".
