Watt EV Holdings Ltd (Watt Electric Vehicles) to combine the Watt Electric Vehicle Company, vehicle R&D and motorsport company, JSC Automotive Limited, and vehicle structures company, Stalcom Automotive Technologies.
The new, combined company will design, engineer and sell next-generation specialist EVs, enabling the future of low-to-medium volume electric vehicle production, both in the UK and globally.
Across two UK sites located in the Midlands and Cornwall, Watt Electric Vehicles will manufacture a range of low-volume commercial and passenger electric vehicles.
Alongside this, Watt Electric Vehicles will offer production, development, engineering and design services to third-parties and OEMs, enabling them to create almost any low-volume EV they require to suit their business needs.
Watt Electric Vehicles’ say their model to deliver sustainable mobility solutions is based upon a low-investment, low-weight, flexible and scalable cell to chassis e-platform.
Called PACES (Passenger And Commercial EV Skateboard), the proprietary technology features bespoke aluminium lightweight extrusions and laser-cut and CNC-folded pieces, which interlock and bond together, creating a technical innovation known as FlexTech.
PACES has been specifically designed for low volume manufacture. It can be applied to almost any size or shape of EV, from sports cars to buses – across FWD, RWD and AWD layouts – and complies with all ISO regulations and European Small Series Type Approval crash standards.
As well as designing, engineering and manufacturing its own vehicles based on PACES, Watt Electric Vehicles say they will enable low-volume manufacturers of commercial vehicles and cars to go electric without the cost burden of investing in their own specific chassis and/or electrification technology.
Neil Yates, Founder and CCO of Watt Electric Vehicles, said: “Amalgamating the expertise, resources, and revenue streams of Watt EV Company, JSC Automotive and Stalcom to form a formidable new powerhouse in low-volume vehicle electrification.
“Watt Electric Vehicles is poised to exploit the burgeoning demand for rapidly scalable niche electric vehicles, for both the passenger car and light commercial vehicle markets, alongside offering next-generation EV technologies and engineering consulting services.
“Combining the company’s in-house intellectual properties with its strategic external Tier 1 supplier partnerships creates a unique advantage within the niche EV electrification sector. Our first light commercial EV, featuring a flexible range of body styles, is currently undergoing intensive development, and is scheduled to enter production at our new manufacturing site in the Midlands in 2024, before scaling up to 5000 units per year.
“Watt Electric Vehicles will also deliver a sports coupé with classically inspired design and purist driving appeal underpinned by state-of-the-art EV technology to customers later in 2022.”
Paul Faithfull, Founder and CEO of Watt Electric Vehicles, said: “It is often said that the whole is greater than the sum of its parts. And we firmly believe that by combining Watt Electric Vehicle Company, JSC Automotive and Stalcom to form Watt Electric Vehicles, we have created an extraordinary organisation with the ability to lead the niche EV sector with our proprietary, versatile, and scalable, PACES platform technology.
“In addition, the three former companies that constitute Watt Electric Vehicles enjoy a strong track record of shared collaboration, which makes for seamless integration of resources, skillsets, and operational strategies.”
Bob Mustard, Founder and CTO of Watt Electric Vehicles, said: “As well as designing, developing and manufacturing outstanding low-volume electric commercial and passenger vehicles in the UK, Watt Electric Vehicles will form strategic alliances with overseas organisations over the coming months and years, further growing its network and influence.
“Within this new company lies a huge amount of practical, real-world EV development and manufacturing experience. Collectively we have already delivered multiple vehicle programmes to market – and we will deliver many more next-gen EVs in short order. The potential of Watt Electric Vehicles is enormous.”
Image: Watt Electric Vehicles