Following the forging of a partnership late last year, TVR is delighted to announce a further, multi-million pound investment by Ensorcia, through its affiliate Ensorcia Automotive.
Building upon the green credentials of TVR’s light-weighting strategy, Ensorcia specialises in green lithium mining and processing, using a patented brine extraction process producing high quality lithium with maximum environmental and operational efficiency.
The investment will support the production preparation of the V8-engined Griffith, development of the brand’s first in a family of EV models, an electrified, limited edition variant of Griffith, as well as repayment of debt previously provided by the Welsh Government.
Les Edgar, Chairman of TVR said: “We are delighted that we shall now shortly fulfil our promise of delivering the V8-powered Griffith Launch Edition to the hundreds of wonderful and incredibly patient depositors. Furthermore, as part of our mission to rejuvenate and future-proof our iconic British brand, we can confirm that we shall develop an electrified variant of Griffith, due to market soon afterwards. This is a hugely important element in ensuring that TVR will become a sustainable, net-zero business.”Daniel Layton, Chairman of Ensorcia said: “We are delighted to announce this further, significant investment into such an historic and important automotive brand. Along with Griffith, we believe the global development of TVR EVs will be among the most exciting EVs in the market. The tight synergy and alignment between our companies and vision will ensure the supply chain for TVR’s future battery requirements. Our green lithium extraction process and TVR’s approach to environmentally friendly manufacturing creates a great partnership which we believe will experience enormous growth over the coming years.”