News | Press release: 12.06.2019
GEMBALLA launches first round of financing for its own super sports car.
Since its foundation in 1981, GEMBALLA has established itself as a renowned car modification company, and since then, it has become famous for the most innovative, unusual, extreme, expensive and exclusive vehicle conversions. The company made automobile history with the worldwide success of the limited edition, comprehensively refined iconic sportscars GEMBALLA AVALANCHE, MIRAGE, MIG-U1, TORNADO and MISTRALE. GEMBALLA has been listed as a registered car manufacturer with the German Motor Vehicles Authority since 1985.
Search for investors launched: For the first time since 2010, GEMBALLA is opening up for new investors Since the takeover in 2010, the owners have invested over 15 million Euro in the relaunch and numerous new projects in the tuning area. With further investments amounting to 20 million Euro, the company is planning their own super sports car for the first time, as a complete, new development.
Steffen Korbach, owner and Managing Director of GEMBALLA GmbH, has big plans for the company: “We’re planning a thoroughbred super sports car with a unique, aggressive design and engine power considerably over 800 bhp. As part of this, we’d like to reference the existing GEMBALLA legends, and implement a range of innovative concepts. You can expect an uncompromising vehicle, radical, pure and luxurious. At the same time, we would also like to establish GEMBALLA in future as a stand-alone small production run manufacturer, but also launch as an exclusive modification company for extreme, complete conversions of Porsche cars.The first designs will be presented to selected clients soon, and the first prototype should be on display as early as 2020. We currently plan to start production in 2022.
The capital required to finance the project will be raised through private equity and venture capital companies. Concrete discussions are already underway.