Clive Sinclair 1985 owing to Sinclair's financial troubles.) The following year, he received a knighthood and formed Sinclair Vehicles Ltd. to develop electric vehicles, which resulted in the unsuccessful Sinclair C5 in 1985. In 1984, Sinclair launched the Sinclair QL computer, intended for professional users. Development of the ZX Spectrum continued with the enhanced ZX Spectrum 128 in 1985. In April 1986, Sinclair Research sold the Sinclair trademark and computer business to Amstrad for £5 million. Sinclair Research Ltd. was reduced to an R&D business and holding company, with shareholdings in several spin-off companies, formed to exploit technologies developed by the company.
Sinclair C5 selling some of his own shares in Sinclair Research to fund a separate company that would focus on electric vehicles. A £12 million deal was reached in March 1983, of which £8.3 million was used to fund the establishment of the new Sinclair Vehicles company. Sinclair recruited Barrie Wills, a veteran former employee of the DeLorean Motor Company, to lead Sinclair Vehicles as its managing director. Although Wills initially expressed scepticism about the viability of an electric vehicle – his twenty-five years in the motor industry had convinced him that an electric car was never going to happen – Sinclair