Pario Ventures leads investment round in Overland-e Electric Automotive company
Pario Ventures is proud to announce the completion of a successful investment in Kingfisher Overland ltd. Pario Ventures has taken a 20% stake to accelerate Overland-e commercial growth in developing a new Electric Overland-E vehicle to be built in Banbury and Birmingham ,UK as well as growing the performance and endurance engineering side of the business in a future ‘everyman’ motorsport series.
Overland-e was born from the CEO’s previous experience and passion for Overlanding and adventure. Combining these interests the team have developed the Overlander with purpose. Overland-E’s mission is to inspire through experience.
The company is particularly interested in the development of electric endurance capability, pushing the boundaries on adaptable, simple and practical machines that enable anyone, to go anywhere, anytime.
The investment follows a successful start to 2020 for the company building the prototype mk1 vehicle in Birmingham and creating jobs for the local area. The Urban 2 and Explorer 2 buggy is to be fully Electric, a public version that can be used for day to day or as a fun recreational vehicle at weekends and a tougher endurance version for military application and also to help deliver aid and supplies to tougher to reach environments. The mk2 version will be complete and available towards the end of 2021 and also feature a removable roof, 4 seater option.
Arron Rawding, Kingfisher Overland Ltd CEO said, “Overland-e are delighted to have this first round of investment and partner with Pario Ventures. Pario share our vision but also bring a number of areas of expertise and deal flow to the business. This enables us to push forwards on our target of building a Electric Overland-e and engineering works on performance and endurance for the more demanding markets from motorsport to military.”
David Murray-Hundley, Co Founder of Pario Ventures private equity , commented on the investment, “We are very excited to invest in this innovative electric automotive venture positioned to make an impact on climate but also to have impact on the local economy where the vehicle and engineering works will be created and provide jobs in the Birmingham area and Banbury, Oxfordshire. We have been impressed with the progress to date and also the output of lessons learnt. I am particularly excited about showcasing 3rd party technology in what we do including manufacturing our own parts through 3D printing. We look forward to supporting the team to deliver on its plans and growth for the future but also provide current and further investors a roadmap to exit and deliver value back to them. Pario has heavily invested in the automotive and mobility space in recent years as we can see there is a Henry Ford moment that has happened.”
Pario Ventures is owned by Kevin Doyle and David Murray-Hundley “The Grumpy Entrepreneur” a partnership that goes back to the pre Dotcom era. Between them both they have been involved with multiple NASDAQ IPO’s, AIM listings, US trade sales and have a portfolio of investments across Oil and Gas, Sustainability, Automotive, Technology, Bars, Restaurants and Fintech and investment in companies supplying SpaceX projects . Offices in London, Brussels and New York. www.parioventures.com