Hundreds of car enthusiasts are happy to spend top dollar on these miniature electric cars.
The Little Car Company has announced that it will be launching a Series B funding strategy as a result of its immense market demand. Those not familiar with the brand may recognize some of its creations such as the Ferrari Testarossa J. You may also recall the nifty Aston Martin DB5 Junior kitted with faux-headlight-mounted machine guns. Essentially, the company specializes in miniature replicas of some of the world's finest classic cars, all powered by electricity, and all fully drivable and licensed by the manufacturers.
These little creations aren't exactly affordable, as starting costs stretch as high as $123,000, but this hasn't stopped fans from placing orders for these microsized and drivable cars. The small-time company now has to expand to build more products for its evergrowing consumer base.
Operations only kicked off three years ago, in March 2019 in Oxfordshire, England. Since then, more than 200 detailed scaled-down classic electric cars have been made for the likes of Bugatti, Ferrari, and Aston Martin. Each car is built by hand at its facilities in Bicester and Oxford, measuring 10,000 square feet each, with 95% of British-sourced components.
To ramp up production, The Little Car Company acquired a nearby manufacturing facility and added more workers to its team. With Series B funding, it plans to expand both of these elements even more in the coming years. It currently benefits from clients located in 50 different countries, with 90% of its sales coming from outside of the UK.
Production is expected to triple over the next 12 months thanks to the launch of its new Tamiya Wild One MAX and an additional secret project. In three years, The Little Car Company has grown to 60 employees, recruiting automotive experts from iconic British brands including McLaren, Williams, Jaguar Land Rover, Ariel, Radical, Aston Martin, Ginetta, and Lotus.
This is a surprising rate of growth for a company that produces such a niche and expensive product line. Although these small cars are electrically powered, don't expect them to be as quick as your average Ferrari SF90 Stradale. Considering these cater to small adults, each model has a capped power output of around 22 horsepower and a range of 80 miles on a full charge.