TWIKE – INVEST IN THE FUTURE

The TWIKE was a joint project from the very beginning. The TWIKE was developed and built by those who wanted to drive it. The further development has also taken up the impulses and ideas from the community of TWIKE pilots in many places.

We are building on this principle of community development in the development of the TWIKE 5. It will be the first production vehicle co-developed by the community of users.
At a very early stage of development, we therefore invited TWIKE pilots and friends to formulate their expectations of the new vehicle. The great feedback on our blog shows us that we are on the right track.

The next step was only logical: community funding. We understand this as the financial support of the development process by the TWIKE community. Because we want it to remain your and our project.

OPTION 1: PREPAYMENT & TOP-UP OF A TWIKE 5 / TWIKE 6

In order to cover our liquidity requirements, we intend to decisively increase the prepayment ratio within the next six months:

If 500 pre-orderers make an advance payment of €20,000, we will have the necessary liquidity for a fluid start of production.

Lower prepayments starting at €1,000 are also welcome and will ensure reservers who have not yet made a prepayment a better ranking for obtaining the TWIKE 5, which is limited to 500 units.

OPTION 2: INVESTMENT AT INTEREST LOANS

Maybe you don’t want to buy a TWIKE 5 for the time being, but are still interested in the further development of the brand. You have the opportunity to participate with loans secured by inventory. Please send your request by e-mail toinvest@twike.com.

Status Quo Development
  • The rolling chassis of the driver test vehicle is in place.
  • The parts required for the completion of the driver test carrier are on site and are currently being completed.
  • Finished development of the exterior has been commissioned and started.
  • The production facilities in Rosenthal have been completed and will be successively equipped with assembly stations by the end of the year.
Current challenge
  • At the start of production (SOP), each vehicle component must be on site in at least the smallest order quantity.
  • Several components have to be ordered and prepaid in quantities of 500+.
  • No cash inflows will be generated with the delivery of the first TWIKE 5, as advance payments have already been made for these.
  • In total, this results in additional liquidity requirements of approx. €6 million for the next six months.
What happens next
  • In order to cover our liquidity requirements, our priority is to continue to increase the prepayment ratio within the next six months. If 500 pre-orderers make an advance payment of €20,000, we will have the necessary liquidity for a fluid start of production.
  • All information about Advance payments and the topping up of payments already made is available on the website.
  • Also lower advance payments from 1.000 € are welcome and ensure those reserving who have not yet made an advance payment a better ranking for obtaining the TWIKE 5, which is limited to 500 copies.
  • In addition, there is the possibility to participate with loans secured by inventory. Interested investors should send inquiries by e-mail to invest@twike.com.

TWIKE CHAT 2023

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In a live TWIKE chat at the end of August, Managing Director Martin Möscheid provided information on the current state of development of the TWIKE 5 and presented the rolling chassis of the driver test vehicle for the first time. Watch the recording of the interview in the video. Here you can see our milestones to SOP on our blog.