Madrid, 18th May 2021 – Soriano Motori, a global electric vehicle brand (originally founded in Spain), has reached a market value of 100 million dollars in just one year from its creation. Its initial value in January 2020 was $10 million, so it has multiplied its value by 10.
According to the US business Blackview Capital, this enormous exponential rise is mostly due to the brand’s trademarks and patents registered in the European Union, the United Kingdom, and the United States, as well as current production plans.
The company is able to manufacture 10,000 units a year at its factory in Lecco, Italy, on the shores of Lake Como. In addition to this, it is also exploring the possibility of becoming a special purpose acquisition company (SPAC). The number of SPACs has grown significantly in the previous two years compared to the last decade.
“We are definitely at the forefront of industry-wide trends. We will maintain a high-precision Italian method, where our customers will be confident they are enjoying the best the world has to offer. We are creating a unique lifestyle for you all,” says Marco Antonio Soriano, the group’s CEO.
Soriano Motori bursts strongly into the market, focusing on a large investment in R&D, without losing sight of its three main values: elegance, tradition and innovation.
In November 2020, the prototype of the Giaguario V1-Gara motorbike, currently in the homologation, was presented, which, together with the V1-S and V1-R, form part of the first exclusive release of 100 units. Already, more than half are already sold. All existing models, made of carbon fibre, can be booked now at www.sorianomotori.com and will be delivered this summer of 2021, signed by the founder himself.
A brand with over 100 years of history
The Soriano brand was founded more than 100 years ago by Ricardo Soriano Scholtz von Hermensdorff, Marquis of Ivanrrey. He created engineering icons such as the Soriano Pedroso car, and the motorbike models Soriano Pantera and Soriano R.
Soriano will soon present the new designs for a collection of scooters and the first design of a state-of-the-art electric vehicle. All this, together with the collection of clothes that will premiere at the end of the year in Japan and the opening of several private clubs worldwide, will ensure the company’s valuation continues to increase considerably.