Crowd-funding projects are quickly emerging as the way to get things done in the tech business, and the idea is even jumping into other fields as well. But it hasn't exactly caught on just yet in the automotive industry. A few months ago we reported on a crowd-funding campaign to revive the Castle Three Motor Company to build a retro trike roadster similar to the Morgan 3 Wheeler, and various outfits have attempted to harness the public's contributions to jump-start electric vehicle development. But while those projects haven't gotten very far (as of yet), Spyker very well could.

For those unfamiliar, Spyker is a Dutch sports car manufacturer that has taken on some rather ambitious projects. It's produced successive versions of the C8 over the years, but canceled plans for the Zagato-designed C12, has repeatedly postponed plans for a high-end SUV, got in over its head with its own Formula One team and ultimately had to divest itself from the sinking ship that was Saab. But now it's trying to get back on track with the B6 Venator.

Expected to be half as expensive as the $300k+ C8 Aileron, the new B6 was unveiled in concept form at last year's Geneva Motor Show and as a Spyder roadster concept at Pebble Beach just months later. Production is scheduled to gear up later this year, with the first US deliveries to follow next year. While the C8 often arrives in collections as an owner's seventh or eighth car, the B6 will more likely be a buyer's third or fourth.

Spyker says it's amassing orders, but in order to actually start production, it needs capital. That's why it's turning to a rather unconventional way of financing the project. Rather than simply taking deposits to get started, Spyker is selling bonds. Each of the 100 bonds will be priced at £100,000 ($167,000 at today's rates) and be redeemable for one Spyker B6 Venator, which itself will be priced at £125,000 – a quarter more than what the bonds are being sold for. Alternatively, investors will have the option to cash out the bond after three or four years, or turn it into stock if Spyker issues an IPO.


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    • 1 Second Ago
  • 10 Comments
      GFB
      • 9 Months Ago
      Spyker makes cars that ooze luxury and exclusivity but their exterior design ethos is late 20th-century BA thesis from the Art Center.
      bK
      • 9 Months Ago
      Isn't that the ugly kit car?
      thomas.leopard
      • 9 Months Ago
      Ive always loved the interiors of their cars.
      JaredN
      • 9 Months Ago
      The styling of Spyker just always misses the mark. The proportions are just a bit off. Compare this with the Maserati Alfieri concept.
      Soccer Mom
      • 9 Months Ago
      What a disgusting-looking creature. Oh, well, Paris Hilton will be happy to find a matching car.
      Alex
      • 9 Months Ago
      I'd be the last person to defend a "quirky" car brand like that, but many of you who put German front plates on American-registered cars or "tune" right-hand driving Civics and G35s into "JDM models" are essentially the same posers, as delusional Spyker drivers believe they are flying a 1920-30's biplane instead of driving a car. Most of them don't even have a pilot's license. But then, do you have a German or Japanese car registration papers or even passport? It is just sad how many people feel the need to pretend living in a different world - historically or geographically. And in that world of skewed proportions a car that tries to look like a biplane with a guitar amplifier grill is not any worse than a phallic Mercedes that holds mostly air under the hood - too long for even a V12 engine.
      Ryan Andrew Martin
      • 9 Months Ago
      Not pretty. But then, if it were, it wouldn't be a Spyker.
      montegod7ss
      • 9 Months Ago
      I saw a C8 Aileron years ago, and had no idea what it was at the time. Some quick Googling turned it up, but I've never seen another one since. It sounded pretty good with the Audi V8, and the interior reminded me of a Zonda with the machined aluminum, switches, and crazy linkages running about. While not a great value, there's a lot of other things you can waste $300k. Most Spyker owners already have a Ferrari or two, so they're used to paying a lot of money for cars that sit around.
      Tony Akinremi
      • 9 Months Ago
      Absolutely Gorgeous! Like they say Beauty is in the eye off the beholder. I wish them well in their creative fund sourcing.
      Augustus
      • 9 Months Ago
      The younger generation is definitely picking up on crowdfunding and even some Formula SAE students are using platforms like Funding Garage to raise money to offset cost of motorsports competition. I'm just wishing for the day customized aftermarket parts can be crowdfunded by the automotive community.