In addition to this event, the company has announced that moving forward, it will accept Bitcoin as a form of payment for its stunning hypercars.
This particular event is structured around one car in particular – the Evantra Millecavalli R. If the regular Evantra’s 751hp isn’t enough, the Millecavalli -which translates to ‘1000 horses’, boasts a 7.2L V8 which puts out 1000hp.
Those that take part in the DSO will be compensated with digital securities under the symbol ‘MZZ’. These entitle their holders to a 50% revenue share from sales of the Evantra Millecavalli R.
Minimum Investment? €50
Token Price? €1
DSO Hardcap? €999,999
While the sale of these digital securities is being facilitated through investment platform, STOKR, the actual tokens are being created/issued through Blockstream AMP – a company specializing in digital securities issued specifically on the Bitcoin blockchain.
Mazzanti Automobili states that the proceeds from this DSO will be used towards the development of a special edition of the Evantra Millecavalli R.
More than an Offering
Perhaps as exciting as its upcoming DSO, is Mazzanti Automobili’s announcement that it will begin accepting Bitcoin for its vehicles moving forward. This decision marks a longstanding trend among luxury brands, as Bitcoin has proved itself a perfect medium for efficiently transferring large sums of value in a cost-effective manner.
The following are examples of other manufacturers of high-end products which accept Bitcoin as payment.
- Post Oak Motors (Dealer for Rolls Royce, Bentley, Bugatti)
While intriguing, Mazzanti and its planned DSO is not the first-time digital securities have been associated with the car industry. CurioInvest was one of the first with its plan to facilitate ‘fractional investing’ in collectible automobiles.
The approach of CurioInvest differed from that of Mazzanti Automobili, however. Rather than raising capital in exchange for revenue from the sale of its own vehicles, CurioInvest hopes to build a strategically curated collection of vehicles anticipated to grow in value over time. Investors can then invest in one, or many, vehicles within the curated collection, capitalizing on their investment when the vehicles have appreciated beyond a set point. This is often referred to as ‘fractional investing’, as investors literally own a fraction of the asset (with certain restrictions).
While it is still too early to tell if the public is interested in either use case, it should be interesting to see, as each demonstrates a genuine use-case for digital securities moving forward.
Founded in 2002, Mazzanti Automobili is a high-performance car manufacturer. Based out of Pisa, Italy, company operations are overseen by Founder Luca Mazzanti. Rather than mass manufacture a product, Mazzanti Automobili creates art in the form of ‘craft hypercars’.