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PRIVACY
Manufacturing

New £1.5m funding boost for Vivarail

Designer and manufacturer of hybrid train products teams up with MEIF for loan

From left: Alice Gillman of Vivarail, Demetri Theofanou of Maven, Jim Clarke of Coventry and Warwickshire LEP, Ryan Cartwright of British Business Bank and Ian Wenman of Vivarail

A transport group has secured £1.5 million in new funding to help support its growth plans in the West Midlands.

Vivarail designs and manufactures modular trains and will use the new capital to relocate to a larger site in order to scale up its operations.

The Stratford-based firm is also expanding its workforce with five jobs set to be created.

Vivarail specialises in developing a range of hybrid, electric and battery products for rail carriages and systems and has created an interchangeable power system which enables trains to be converted to run on batteries.

It counts names such as West Midlands Trains, Transport for Wales and South Western Railway among its clients.

Finance director Ian Wenman said: "As a business, our focus is to continue to develop environmentally friendly solutions for the rail industry.

"We look forward to taking this next step in our growth journey, relocating to a larger site and expanding our team."

The £1.5 million loan has been arranged through the Midlands Engine Investment Fund by Maven Capital Partners.