On 11 April 2013, US based Polaris Industries announced that it had acquired Aixam-Mega from previous owners Axa Private Equity.
The company currently produces the Aixam A.7xx series (where xx is a two-digit number), a microcar comparable with the Smart Fortwo, and powered by diesel engines from Kubota).
A notable difference is that some of the smaller models are restricted to 45 kilometres per hour (28 mph) and can therefore be driven without a driving licence in some European countries (including Belgium, Estonia, Germany, France,[4] Portugal, Slovakia, Spain, and Slovenia).
[6] In January 2013, the law changed such that special restricted low power versions of the car (Aixam 400) can now be driven by full AM licence holders in the UK.
The gearbox is designed for small town runabout or delivery van of less than 8 PS (6 kW) and limited to 30 mph (48 km/h).