MPM Motors
| Company type | Private |
|---|---|
| Industry | Automotive |
| Founded | September 2015 |
| Founder | Oleg Paramonov, Igor Paramonov |
| Defunct | March 2021 |
| Headquarters | Croissy-sur-Seine , France |
| Products | MPM Erelis |
MPM Motors was a French automotive manufacturer established in September 2015. Its only vehicle, the MPM Erelis—derived from the Tagaz Aquila/PS160 initially produced by TagAZ in Russia—secured European certification in December 2016.
History
Founded in 2015 in Croissy-sur-Seine, France, MPM Motors was created by brothers Oleg and Igor Paramonov, who are the sons of industrialist Michael Paramonov. The acronym MPM stands for Mr. Paramonov Manufacturing, paying tribute to their father.
The company resurrected the "Aquila" model, a project that had been halted following the bankruptcy of TagAZ and its parent company, Doninvest. Originally designed in South Korea and manufactured in Russia, the Aquila's potential remained largely unrealized due to financial constraints.
In January 2016, MPM initiated a fully manual assembly line in the Saint Quentin en Yvelines region, contributing to local employment opportunities. The PS160 received European type approval in December 2016, marking the brand’s official market debut. Further development of new models proceeded at their Croissy-sur-Seine headquarters.
The coupé, initially named "PS160," was renamed "Erelis" in August 2018 and equipped with a PSA 1.2-liter turbocharged three-cylinder engine producing 130 hp. The Erelis made its public debut at in September 2018.
In March 2021, MPM Motors declared bankruptcy.
MPM Motors also organized the MPM Cup, a racing series featuring its vehicles on French race tracks starting from 2019.
Products
The only product currently offered by the company is the MPM Erelis.
An SUV called Vultur was under development and was reportedly 95% finished when the firm entered bankruptcy proceedings.