Mystery investor offers to meet iconic motorcycle firm’s funding target

Just days after it issued a plea for investment in a bid to expand its shareholder base, iconic motorcycle manufacturer Norton says it has been approached by a mystery investor who has offered to stump up the entire funding amount it was seeking to raise.

The Castle Donington-based firm says the independent investor is “already a fan of Norton and a motorcycle enthusiast” whose goal is “to fulfil product pipeline orders and continue to grow the Norton brand.”

According to reports, Norton CEO Stuart Garner was looking to raise £1 million – a sum which would be put towards the manufacture of its V4 superbike and 650 models.

The company has now suspended the Crowdcube funding campaign it set up, but says it is “still interested in having our loyal fans be part of the Norton family.”

The Norton Motorcycle Company was established in 1898.