Velvet Motorworks OÜ is an early-stage company providing high-value restomod services, restoring and modernising iconic modern-classic vehicles for international customers. Its business model is based on bespoke, project-based premium services, with vehicles rebuilt to a high technical and visual standard and delivered in stages against advance payments.
The key objective of the Start-up Grantis to transform Velvet Motorworks from an early-stage business concept into an operational, export-oriented company. The support will provide the essential workshop infrastructure and specialised equipment needed to complete the first demonstrator vehicle, launch active sales and marketing activities, secure the first customer contracts and establish the basis for recurring restomod production.
Project No.: 2021-2027.1.03.26-2006
Amount: €20,000
Period: June 2026 – May 2028