Ecospin announces £1.5m of orders for Raptor electric vehicle

A Leicestershire company has announced orders worth £1.5m for its Raptor electric vehicle.

Ecospin says it has seen demand for its three-wheeled EPV come from all over the world, with 350 units heading for distributors in the United States and Australia.

Backed by strategic and product development support from the Manufacturing Advisory Service (MAS), the company is now putting the finishing touches to a strategic partnership with ACE Forming to set up a dedicated production line in Dudley.

This move will give the company the potential to manufacture between 1,500 and 2,000 vehicles every year and, if sold, will see sales reach £10m.

Ecospin, which is located at a R&D and assembly facility on Narborough Word Park in Leicester, has created six jobs and expects to create a further ten next year.