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W Motors Press Conference

03, Sep. 2012 News

FFA Private Bank held a press conference for the launch of the W Motors private placement on Tuesday, September 3rd at 12:00 at the bank premises.

 

 

W Motors, the first Arab developer of high performance luxury sports cars, has mandated FFA Private Bank’s Investment Banking division in order to advise on funding the company’s growth.

 

Headquartered in Dubai, W Motors is producing the Lykan Hypersport, one of the most luxurious, exclusive and technologically advanced vehicles on the market. W Motors has partnered with major players and suppliers in the automotive industry and design sector such as Magna Steyr (publicly listed leading global diversified automotive supplier with $30B in sales) and RUF Automobile (German manufacturer of high-performance vehicles famous for tuning Porsche cars).

 

The Lykan Hypersport’s twin turbocharger generates 750hp with a maximum torque of 1,000Nm (0-100 km/h in 2.8 sec. and max. speed of 395 km/h). As the most exclusive car in the world, limited to 7 cars per design, the Lykan will be the first car in the world to integrate an interactive floating hologram multimedia interface and the first car with reverse-opening scissor doors. The car will also include ultra luxurious elements such as diamond incrusted LED headlights, gold-stitched leather seats, 24h concierge services and a limited edition Swiss Cyrus watch.

 

The first production car will be ready in November and launched at the Dubai Motor Show.

 

To finance its growth, W Motors is seeking to raise $6M from new investors: the cash injection will be structured as a combination of a capital increase and a secured loan with priority return. Each investor will participate in both the shares and secured debt on a 50/50 basis.