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Acquisition Opportunity

Arc Vehicle Limited (in Administration)

Paul Masters and David Griffiths of Leonard Curtis as the Joint Administrators of Arc Vehicle Limited (in Administration) (“Arc” or “the Company”) have appointed Hilco Streambank to actively seek interested parties with regard to the business and assets of Arc.

BID DEADLINE

Friday, October 11 2019 at 5.00pm BST (British Summer Time)

Business Overview

Arc is developing the most technologically advanced electric motorcycle in the world, centring its efforts on innovative uses of battery technology.

The Company was incorporated in 2017 with the initial intellectual property and subsequent business idea originally having been incubated within Jaguar Land Rover’s innovation arm, resulting in a working prototype.

The Acr ‘Vector’ motorcycle was launched at EICMA Milan (the world’s largest motorcycle show) in November 2018, subsequently shown at Motorcycle Live at Birmingham NEC and debuted at Goodwood's iconic hill at the Festival of Speed. The launch drew worldwide interest and attention with commercialisation of the Vector now hotly anticipated. The Company’s focus has since been on work towards achieving engineering completion, sign-off and full homologation in the US, EU and US markets with a target for production of August 2020. The current technology readiness level is 6.

Arc aims to become the market leader in the electric recreational vehicle space by designing electric vehicles employing cutting-edge technology rooted in sustainability. Arc’s modular battery technology ensures that it creates a legacy free platform, differentiating the Company in enabling it to be able to design the vehicle purely for the electric market and focussed fully on that purpose. The modular approach also ensures Arc is in a position to easily and cost effectively create a module for a new vehicle, with early-stage development work having already begun on future products such as an ATV.

To enhance the ride experience, Arc has also carried out development work in relation to a multisensory rider notification system comprising heads up display and haptic armour in the form of the ‘Origin’ jacket and ‘Zenith’ helmet - the world’s first haptic feedback motorcycling jacket, combined with a heads up display helmet.

Over £1m has been invested to date in the development of the Vector electric motrocycle, with further efforts having included successful brand-building.

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Available Assets

Brand

The Arc brand is very well-known in the motorcycle industry. The Company has invested heavily in marketing and PR and Arc’s mission has been extremely well-received. The brand has been featured in over 1,000 articles across 50 countries. Arc has been featured by British Airways and Qatar Airways in-flight magazines, Wired, Fox News Channel and the BBC amongst others. The Vector was launched at EICMA Milan (the world’s largest motorcycle show) in November 2018, subsequently shown at Motorcycle Live at Birmingham NEC and debuted at Goodwood's iconic hill at the Festival of Speed.

Trademarks

The ‘ARC’ corporate brand as well as the ‘Vector’ motorcycle, ‘Zenith’ helmet, and ‘Origin’ body armour brand names are protected by several registered trademarks in the United Kingdom and other key territories.

Domain Names

A portfolio of domain names, including the key branded domain name arcvehicle.com and numerous variations of this domain, as well as ourroadis.com.

Website Content

The Company’s professionally designed website (hosted at www.arcvehicle.com) provides ample engaging and high quality content including computer-generated imagery and videography to present Arc’s products and ambition.

Social Media Accounts

Rights in Arc social media accounts with a total of over fifteen thousand followers:

  • Instagram @arcvehicle  
  • Twitter @arcvehicle
  • Facebook @arcvehicle

Patent Application

The Company owns UK Patent Application GB1817631.3 ‘Motorcycle Suspension System’ covering the unique front suspension system on the Vector. This innovation has been developed to provide a familiar handling dynamic, whilst being safer and more responsive under braking stresses due to the braking and steering forces being separated mechanically.

Registered Design Right

The Company owns UK Design Registration number 6046078 in relation to the Vector motorcycle.

Organizational Knowledge

The Company possesses extensive specifications, CAD drawings and designs as well as a supplier list, full sourcing plans, bill of materials and costings in relation to all components.

Prototypes

Three Arc model Vetor battery electric motorcycle prototypes, one of which is operational and various models.

Further Business Assets

Stock of parts. Marketing equipment including mobile marketing pod. Workshop, office and IT equipment.

Premises

Licensed premises near Coventry.

Sales Process

Offers are due 11 October 2019 @ 5PM BST.

Please contact Hilco Streambank to obtain an NDA and for more information regarding the sale process. A Bid Submission Form is available on request.

Key Terms & Conditions

The Joint Administrators act as agents of the Company and without personal liability.

The bidder acknowledges that Hilco acts as an agent for the Joint Administrators who offer for sale only what right, title and interest (if any) the Company possesses in the assets. Such sale will be without any warranties, expressed or implied. 

The information provided has not been verified by Hilco or the Joint Administrators and bidders are deemed to have carried out their own due diligence of the assets.

A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. VAT, if applicable, at 20% will be added to the price. A buyer’s premium of 10% will be payable by the Buyer. Hilco Streambank's full Terms and Conditions apply. 

Contact Us

For further information please contact the following Hilco Streambank representatives:. 

Interested Parties

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