SCOTTISH manufacturer of all-electric 4x4s Munro has announced an equity crowdfunding round.

The initiative has been launched with leading global online investment platform Seedrs and will run until October 31.

The investment funds raised will enable Munro to capitalise on considerable customer interest, deliver its first production vehicles, hire more people, scale its premises, and expand resources.

READ MORE: Munro adds all-electric pick-up to its portfolio of forestry vehicles

Munro CEO and co-founder Russell Peterson said: “We have already had significant interest from the investor community and are extending that offer further to entrepreneurs, private individuals, and customers. 

"We want to give them the opportunity to become part of the Munro story and take advantage of the unique solution our products provide and the significant imminent legislation-driven market opportunity the brand is poised to leverage.

“Munro has paid reservations and sales agreements for eight pilot vehicles in 2023 and 221 production vehicles in 2024-2025, and we plan to progressively ramp up production to 2,500 vehicles per year by 2027.

Forestry Journal:

"Our immediate priority is to deliver Series-M pilot vehicles to early-adopter customers to demonstrate our product-market fit."

The Munro Series-M is a "ground-breaking" electric-powered, four-wheel-drive workhorse that combines the rugged reliability and repairability of a full-time 4x4 mechanical drivetrain with a state-of-the-art electric powertrain, ensuring zero tailpipe emissions. The vehicle is offered in ‘standard’ M170 170 kW and ‘high-power’ M280 280 kW guises and in Pick-Up and Truck configurations.

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Designed, engineered, and proudly built in Great Britain, the Munro is a historically important vehicle, marking the first light vehicle to enter production in Scotland in over four decades.

More than 250 pre-orders for both the Truck and Pick-Up models have been received, affirming that Munro's vehicles are precisely what the market needs, particularly in sectors such as mining, construction, utilities, agriculture, and defence, where radical solutions are required to enable operators to meet their decarbonisation target