Zero Motorcycles closed a new financing round last week, in which the American company raised $107 million in investments. The investment round saw the participation of strategic partners such as Polaris, Exor and Hero MotoCorp on the one hand, and also financial investors, including permanent partner Invus, on the other.
“Since the birth of Zero Motorcycles in a garage in Santa Cruz, the brand has been able to shape and define the premium electric motorcycle and powertrain category,” said Sam Paschel, CEO of Zero Motorcycles. “With more than 20,000 vehicles sold, Zero has accumulated more than 265,000,000 miles of experience, both on and off road.”
The brand also refined the most advanced vehicle propulsion technology between electric bicycles and electric cars, controlled by the Cypher III control system. In addition, the company also built an innovative and global brand that is highly regarded within the industry.
“This funding allows us to further expand our business on a global scale,” said Paschel. “It also enables us to develop and market new models to continue to support our rapid growth. We warmly welcome our strategic partners and new investors to our consortium. In addition, we are extremely grateful to Invus and their continued support and commitment to Zero’s mission and vision.”
Zero’s business strategy rests on three pillars: consumer motorcycles (where Zero offers a wide range of road, adventure sport and dual sport motorcycles), fleet sales (where Zero has a presence in more than 200 police and other government agencies worldwide), and powertrains (where Zero’s technology helps electrify their partners’ leading products).
With this new financing round, Zero Motorcycles has so far raised more than $450 million in capital. That gives the brand all the necessary resources to continue pushing the boundaries of electric two-wheelers and electric drives and to continue to lead the electrification of the motorcycle and powersports world.
– Thanks for information from Motorfreaks.