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Kinetik Automotive creates fundraising campaign to restart operations after fire

June 19, 2021
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Kinetik Automotive creates fundraising campaign to restart operations after fire
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Born just four years ago, Kinetik Automotive is a manufacturer of electric vehicles of Bulgarian origin and provider of cutting-edge solutions that are very friendly to the environment. 

Since its inception, the company has shown great potential in the field of lovers of electromobility and speed, and it is that its first project was based on converting a Lotus 7 to run on 100% electricity, thus marking the beginning of a series of developments that involved elegance and innovation. 

Learn about some of Kinetik Automotive’s projects HERE. 

One of Kinetik’s Automotive projects

Unfortunately, the company’s facilities suffered a strong fire in early April 2021 that destroyed all the projects that were being carried out at the time. A short circuit was the origin of that incident that engulfed the cars that were there in flames. Fortunately, there were no casualties. 

“We are devastated by the unfortunate series of events, but we are ready to do everything within our powers to move forward,” said Teodosiy Teodosiev, CEO of Kinetik Automotive. 

However, the dreams of the team that has accompanied the startup in its growth still stand; that is why Kinetik Automotive began with a fundraising campaign that started with a contribution of $ 34,000 a figure that is expected to rise to the goal of $ 115,000. The amount will be used to repair their spaces and get the basic tools to resume their work. 

This is how the Kinetik Automotive facilities were after the fire

The campaign will include a number of benefits for its contributors and will be available until 7/10/2021. 

“Our team has several projects scheduled, such as the Model 27 electric kart, and we are determined to bring them to life,” added Teodosiev. 

To contribute, you can make a monetary contribution or you also have the opportunity to help by buying some of their personalized t-shirts, as well as other options that the company has prepared to achieve the goal. 

For more information, go to www.kinetik.bg. 

Read also: Power ESS: BeePlanet Factory’s system that delivers first-rate power with second-life batteries

Written by | Osward Rubio

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Osward Rubio

Osward Rubio

Head of Content for Green Racing News & Latam Mobility

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