David Mountain–the founder of mountune–and a group of industry investors have acquired the mountune performance and racing business, the new owners announced.
The new-look mountune will continue to deliver racing engines and road-car performance hardware and software.
“It’s widely recognized that the success of the road-car group, predominantly, led to a situation where the demand was outstripping the previous business’s ability to supply and support our customers. COVID-19 simply served to compound the problem further,” Mountain said. “It gives me enormous pleasure to be able to secure the brand both now, in its 40th year, and for the future. We can’t wait to get back to supplying and supporting our customers and dealers properly and also embracing new technologies that will enable us to take mountune forward for decades to come.”
While mountune will be returning to business as usual, the company says it will begin developing a clean, high-performance electric powertrain for racing and road-car builders worldwide.
Formerly part of a global group structure, together with businesses in the USA, the new UK setup is now completely independent.
“We want to get back to what we do best – making power,” Mountain said. “Whether that be for our race teams, or for road-car customers that like to enjoy their cars to the fullest every day.”