Munro teases sleeker production version of Series-M 4×4 EV, begins equity crowdfunding
Young, Scottish automaker Munro Vehicles has come a long way in its short tenure, hoping to deliver two versions of its 4×4 EV truck to customers soon. Today, the company has unveiled an upgraded production version of the M-Series truck, but is asking for a hefty sum via a crowdfunding campaign to scale production and initiate first deliveries of its packed order book.
Glasgow, Scotland’s Munro Vehicles is a new automaker taking a somewhat unique approach to EVs – going large with multi-ton 4×4 trucks. Less than five years old, Munro remains in its infancy, but has shown promise as a young British startup, hitting milestones along the way.
Today’s announcement regarding Munro’s M-Series EVs is an entire echelon above the rugged 2.7-ton, Humvee-inspired 4×4 we first got eyes on a mere year ago. Since then, we’ve seen Munro launch its flagship model – the MK 1 truck, which has been followed by a pickup version and most recently, as rugged “Mountain Rescue Edition.”
Munro continues to work toward fulfilling its prophecy of becoming the first vehicle manufacturer to reach scaled production in Scotland since 1981. The plan has always been to start slow and ramp up from there, but Munro has seen such an enormous appetite for its 4×4 EVs that its now looking to expedite the expansion progress in the UK.
Today, the company teased first images of the production ready MK-Series truck and its asking the public for nearly $2 million in equity crowdfunding to do so.
Munro asks for funding to deliver first 4×4 EVs, expand
This morning in Glasgow, Munro Vehicles shared the first three images of its production-intent MK-Series seen above – and it’s a helluva on upgrade compared to what we first saw a year ago. It’s also a lot more polished than the aforementioned MK 1 pre-production model.
If and when it makes its debut to customers, the M-Series EVs will come as either a truck or pickup, each complete with full-time 4×4 electric drivetrains. Furthermore, future customers will get to choose between to output levels – the “standard” M170 (170 kW) or the “high-power” M280 (280 kW).
The production-intent design features a sleeker, lighter front end, revamped body paneling that can be replaced more easily (especially when customers take these monsters off-roading), and an ‘exoskeleton’ that can be mounted on the hard top of utility specification models that allows an easy storage of equipment. Especially for some of the customer segments Munro says it is targeting, including agriculture, construction, disaster relief, mining, and defense.
Munro says it has also introduced more durable LFP battery packs that enable charge rates up to 130 kW, allowing for 30-minute charges on a DCFC, as well as a heat pump to more efficiently warm the EV’s cabin. The production version of Munro’s new 4×4 EV garnered 200 miles of range driving on a tarmac.
With 250 orders in place and production slots filled for the next two years, Munro also shared it is kicking off an equity crowdfunding campaign on Seedrs. The Scottish automaker is requesting £1.5 million ($1.82 million) to fulfill its two-year order book, hire more staff, scale its production facilities in Scotland, and expand its available resources.
Munro cofounder and CEO Russell Peterson spoke at length about the company’s progress and its goals for the future following the funding campaign:
We have already had significant interest from the investor community and are extending that offer further to entrepreneurs, private individuals, and customers. We want to give them the opportunity to become part of the Munro story and take advantage of the unique solution our products provide and the significant imminent legislation-driven market opportunity the brand is poised to leverage.
Munro has paid reservations and sales agreements for eight pilot vehicles in 2023 and 221 production vehicles in 2024-2025. Our immediate priority is to deliver Series-M pilot vehicles to early-adopter customers to demonstrate our product-market fit. Our production spec deliveries will start mid-2024, and we plan to progressively ramp up production to 2,500 vehicles per year by 2027. So, with a full two-year order book for both the Series-M Pick-Up and the Series-M Truck, Munro’s Seedrs campaign will offer compelling investment opportunities, expedite our growth plans and unlock scales of economy.
Munro’s crowdfunding campaign is now underway on Seedrs and runs through October 31, 2023.
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On today’s extreme episode of Quick Charge, we’ve got the most affordable new EV in America packing 255 miles of range, sub-30 minute charging, V2H support, and more – all that for a price about $10,000 LESS than that new “affordable” Tesla.
We’ve also got specs for the all-new, all-electric Ferrari Elettrica and a world’s first, hydrogen-powered autonomous farm tractor from Kubota.
Today’s episode is brought to you by Climate XChange, a nonpartisan nonprofit working to help states pass effective, equitable climate policies. The nonprofit just kicked off its 10th annual EV raffle, where participants have multiple opportunities to win their dream model. Visit CarbonRaffle.org/Electrek to learn more.
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If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
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Momentum, the lifestyle-focused urban bike brand under Giant Group, has just launched the latest version of its popular Vida E+ electric bike – and this one’s all about making e-biking smoother, safer, and more accessible to riders of all experience levels.
The updated Vida E+ features a new 500W SyncDrive Move S motor offering 60Nm of torque and pedal assist up to 28 mph, designed to provide natural-feeling power whether you’re cruising to work or just exploring around town. The system uses a combination of sensors to analyze torque, speed, and cadence, automatically adjusting power output to match your pedaling effort.
According to Momentum, the motor engages with as little as 4Nm of pedal pressure and just 10° of crank movement, giving riders what they describe as an ultra-smooth and effortless start every time.
A new optional throttle adds another layer of convenience, letting riders cruise at speeds up to 20 mph without pedaling, which should be perfect for hills, traffic-heavy starts, or when you just want to relax and take it easy on the way home. The bike’s EnergyPak 700 battery provides up to a claimed 55 miles (88 km) of range on pedal assist or 43 miles (69 km) on throttle-only riding.
The Vida E+ also leans hard into comfort and safety. It sports a low-step aluminum frame for easy on-and-off, an 80 mm suspension fork, and wide 26×2.4-inch tires for stability and plushness. Four-piston hydraulic disc brakes ensure solid stopping power, while a new automatic motor cutoff feature stops assistance as soon as the brakes engage. The bike is UL 2849 certified, meaning it meets top-tier safety standards for batteries and electronics, which is a growing priority in the e-bike world as more cities and states consider requiring safety certification as a prerequisite.
With support for up to 300 pounds (136 kg) total load and optional racks front and rear, the Vida E+ is also built for everyday utility. And on the tech side, momentum’s RideControl app lets riders fine-tune speed and assistance, lock or unlock the bike electronically, and monitor battery health.
The new Momentum Vida E+ is available now through Giant Group’s nationwide dealer network with an MSRP of US$2,480.
Returning from a recall on its previous bike, Giant Group will now have an opportunity to see how the new version of the Momentum Vida E+ will fare.
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VW’s US EV lease deals just went from hero to zero. Federal tax credits are now dead, the automaker has wiped out up to $12,000 in lease incentives on the ID.4, and ended $10,500 in discounts on the ID. Buzz. The move bucks the trend as other brands continue to sweeten their EV lease offers.
As of September 30, 2025, Volkswagen offered up to $12,350 in lease cash on the ID.4, depending on configuration. That included a $7,500 federal lease tax credit for lessees as Bonus Customer Cash, plus $3,500 to $4,850 in Dealer Lease Cash. It made the ID.4 one of the top EV lease deals around.
On October 1, those incentives vanished. While the ID.4 still has a 0% APR equivalent lease rate, drivers lost more than $12,000 in savings overnight. The ID. Buzz took a similar hit. Last month, the 2025 ID. Buzz offered $10,500 off MSRP between the $7,500 tax credit and $3,000 Dealer Lease Cash. Now, almost all lease cash is gone. VW Credit is offering just $750 in Dealer Lease Cash, and weirdly, not on models with two-tone paint. According to CarsDirect’s lease calculator, the lowest-priced ID. Buzz trim now carries an effective monthly cost topping $1,000 — a considerable jump.
For comparison, the ID. Buzz Pro S was previously advertised at $589 a month for 36 months with $5,999 due at signing, or an effective monthly cost of $756.
The ID.4 lease once cost just $233 a month, making it one of the cheapest EVs to lease. According to updated estimates, that figure is now north of $800 – that’s hair-raising.
Meanwhile, VW’s rivals are going in the opposite direction. Ford extended its Mustang Mach-E lease deals through early January. Subaru’s updated 2026 Solterra still qualifies for the $7,500 lease credit, and Jeep replaced the expiring EV lease credit with equivalent bonus cash.
If you really want a Volkswagen, though, there’s some good news: financing deals haven’t changed. The 2025 ID.4 continues to offer 0% APR for 72 months, and buyers of the ID. Buzz can still get up to $3,250 in Bonus Customer Cash through November 3, a perk unavailable to lessees.
It kinda seems like VW doesn’t want to lease their EVs anymore…?? Let me know your thoughts in the comments below.
Read more: From $189 a month: 5 of the best EV lease deals in October
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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