While the pandemic has had a negative impact on many car manufacturers around the globe, there seems to be a new emerging star in the industry. Piëch Automotive is a newly established all-electric sports car manufacturer based in Zurich and Munich. Its founder Toni Piëch is set to follow in the footsteps of both his great-grandfather Ferdinand Porsche, founder of Porsche, and his father Ferdinand Piëch, the former chairman of the executive board of Volkswagen Group and awarded Car Executive of the Century.
The company’s goal is to build high-end electric sports cars with a very classic and timeless design. Unlike other car manufacturers, Piëch targets a conservative audience of car enthusiasts with its design. It is not for millennials looking for spaceship-like designs. Additionally, the company has developed an ingenious modular concept that allows for many modifications and different car body styles. Part of Piëch’s philosophy is to use the latest and most innovative technology while preserving the feeling of driving a minimalistic old-school luxury sports car.
Moonshot Circle members have the exclusive opportunity to be among the early investors in this company by investing in the pre-IPO of Piëch Automotive, alongside investors like Peter Thiel, UBS, and leading VC funds. According to Moonshot analysts’ estimates, the company’s valuation is expected to multiply by up to 6.4x over the next seven years.