Confederate Motors, Inc. announced the launch of its $1,000,000 non-brokered equity offering. The main shareholders are Matthew H. Chambers (19.5% via RSC Affiliated Businesses LLC), Nazir Mohammed Parker (18.8% via Oldenway Limited I & II), Francois-Xavier Terny (6%) and Barclays Capital, Inc. (5.1%). It is the second time this year the company is seeking capital for expansion and boost production. It reported net revenue of $2,561,260 for 2012 compared to $1,933,612 for 2011.
The company designs and makes high-end motorcycles which start at $55,000. The company plans on shipping around 100 motocycles in 2013 following a recent relocation. The production line consists of the X132 Hellcat, the R131 Fighter and the B120 Wraith.
Confederate Motors, Inc. is headquartered in Birmingham AL. The company was founded by Matthew H. Chambers (CEO) in May 2005.