Aluminium expedition yacht manufacturer Arksen has announced the launch of its first round of public investment. The British company is raising a £6 million maiden round of funding from institutional and retail investors.
首艘Arksen 85铝制探险游艇成功交付
Since its founding in 2018 by entrepreneur Jasper Smith, it has earned widespread public acclaim for its forward-thinking vision and unwavering commitment to environmental protection. He is an accomplished entrepreneur who has spent his life exploring at sea and on land, with a vision to create a global adventure brand that keeps pace with a world in transition and designs its products to embrace the principles of the circular economy. Arksen has become an international adventure brand dedicated to inspiring and empowering the next generation of explorers and conservationists to explore, protect and nurture the planet within the right scope.
With its core yachting products, the company has successfully built three complementary business pillars: boating, automotive and apparel to achieve impressive results. Over the past 18 months, revenue has reached £18.5 million, with forward sales exceeding £156 million.
It is worth mentioning that Arksen's iconic products – award-winning boats, off-road vehicles and performance apparel – are praised for their outstanding performance. They are capable of taking explorers to the most spectacular and remote destinations in a variety of extreme conditions. The successful delivery of the first Arksen 85 aluminium expedition yacht in December last year has earned the company numerous applause and expectations. The second yacht is also expected to be delivered this year, bringing more surprises and possibilities to explorers around the world.
According to market intelligence from Grand View Research, the luxury travel market has huge potential and is expected to reach $2.3 trillion by 2030. In the face of such an attractive market outlook, Arksen said the proceeds from the equity financing will be used primarily to accelerate marketing and geographic expansion, expand working capital for product development, and increase inventory levels to support rapid dealer growth. At the same time, the company also plans to improve its profit margins through more advanced customer acquisition technology and larger direct channels. The United States and Asia will be the main markets for its development.
To address the challenges and opportunities ahead, Arksen will increase operating expenses, expand the size of the team, and facilitate the development of new products. In addition, the company will also begin to hold a limited inventory of products for immediate sale, rather than the traditional made-to-order model. This change will greatly improve the company's market responsiveness and customer satisfaction.
Jasper Smith is a promoter of a new way of life in adventure, science, and philanthropy
Jasper Smith, Founder and CEO of Arksen, said: "The adventure industry is undergoing unprecedented transformation, driven by emerging technologies and the circular economy. We are honored to be at this historic moment and to lead this positive change. Our goal is to build a united company that creates world-class products while enabling our communities to contribute to the future of our planet. ”
Arksen 8 RIB
Earlier this year, Arksen confirmed that its new Arksen 8 RIB will debut in the coming spring.