“Last year was one of Riversimple’s best for fundraising,” he says. The company concluded a £1.5 million funding round with investors including a syndicate with the title Angels Invest Wales and the Development Bank of Wales.
The first, or alpha, prototype has been replaced by a beta car of which 20 are going into limited trials this summer. It doesn’t look much different bar a redesigned nose to improve cooling and new subframes front and rear made from carbon-fibre instead of aluminium. “All the work is to make sure it’s reliable enough and low enough maintenance to get out in trials,” he says. “The Alpha car wasn’t.
RS & Tesla both founded about 20 years ago. 2021: Tesla made 935k cars; RS, 2 (or 3 ?). What are reasons for this eye-catching difference ? Investors really should do due diligence to find out why. Sadly the Children's Crusade of naive micro-investors on Seedrs clearly didn't.
I don'tthinkthe sums add up: VW Up! Electric leased (inc maint) =£218/mth Insurance =£48/mth Electric on Public chagers (30p/kWh, 10k miles/yr) =£62.5/mth TOTAL £328/mth It also has a dealer network, a fuel network, a boot, twice as many seats, is capable of motoway speeds.
This is a company that threatens people who disagree with their view of hydrogen. Their car fits no real-world use case and despite being an interesting engineering demo, is not commercially viable. The company appears to exist to attract grants and funding only. Best forgotten.
Ok, own up : who chopped up their mum’s MR2 ? 🤔🙄😉🤣