Home Company News Vivarail secures finance to support growth for the future

Vivarail secures finance to support growth for the future

Vivarail, the Stratford-Upon-Avon-based designer and manufacturer of modular trains, has secured a £1.5 million loan from the Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners.

The firm will use this finance boost to pursue new growth by relocating to a larger site, which will enable it to scale up operations, and by expanding its workforce, with five jobs set to be created.

Vivarail specialises in developing a range of hybrid, electric and battery solutions for rail carriages and systems. It offers a unique proposition to the rail industry and has designed and implemented modular and interchangeable power systems which enable trains to be easily converted to run on batteries.

Alice Gillman (vivarail), Demetri Theofanou (Maven), Jim Clarke (CWLEP), Ryan Cartwright (British Business Bank) and Ian Wenman (vivarail).

The company designs and manufactures trains based on existing bodyshells and bogies as part of its focus on reducing carbon waste.  The company has taken orders from customers including West Midlands Trains, Transport for Wales and South Western Railway.

Ian Wenman, finance director at Vivarail said, “We are delighted to receive this funding package from MEIF Maven Debt Finance. As a business, our focus is to continue to develop environmentally friendly solutions for the rail industry. We look forward to taking this next step in our growth journey, relocating to a larger site and expanding our team.”

Demetri Theofanou, Investment Manager at Maven said, “Vivarail is a significant Midlands-based business that has developed some very interesting technology that will help the rail sector reduce its environmental impact and carbon footprint. We are delighted to help finance this innovative business and look forward to seeing it embark on its growth journey.”

The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Nigel Wordsworth BSc(Hons) MCIJhttp://therailengineer.com

SPECIALIST AREAS Rolling stock, mechanical equipment, project reports, executive interviews


Nigel Wordsworth graduated with an honours degree in Mechanical Engineering from Nottingham University, after which he joined the American aerospace and industrial fastener group SPS Technologies. After a short time at the research laboratories in Pennsylvania, USA, Nigel became responsible for applications engineering to industry in the UK and Western Europe. At this time he advised on various engineering projects, from Formula 1 to machine tools, including a particularly problematic area of bogie design for the HST.

A move to the power generation and offshore oil supply sector followed as Nigel became director of Entwistle-Sandiacre, a subsidiary of the Australian-owned group Aurora plc. At the same time, Nigel spent ten years as a Technical Commissioner with the RAC Motor Sports Association, responsible for drafting and enforcing technical regulations for national and international motor racing series.

Joining Rail Engineer in 2008, Nigel’s first assignment was a report on new three-dimensional mobile mapping and surveying equipment, swiftly followed by a look at vegetation control machinery. He continues to write on a variety of topics for most issues.

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