Zero Motorcycles raises $107 million in new investment round
Zero Motorcycles, the global leader in electric motorcycles and powertrains, closed a new financing round last week in which the company raised USD 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 financial investors on the other, including regular partner Invus.
“Since Zero Motorcycles was born in a Santa Cruz garage, the brand has shaped and defined 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 kilometers of experience, both on and off-road.” The brand also refined the most advanced vehicle propulsion technology between electric bicycles and electric cars, powered by the Cypher III operating system. In addition, the company also built an innovative and global brand that is highly regarded within the industry.
“This financing ensures that we can further expand our activities on a global scale,” says Paschel. “It also ensures that we can develop and market new models to continue to support our rapid growth. We warmly welcome our strategic partners and new investors to our consortium. Furthermore, we are extremely grateful to Invus and their continued support and dedication to Zero's mission and vision.”
Zero's business strategy is based on three pillars: consumer motorcycles (where Zero offers an extensive 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 contributes to the electrification of leading products from their partners).
With this new round of funding, Zero Motorcycles has now raised more than $450M in capital. This gives the brand all the necessary resources to continue to push the boundaries of electric two-wheelers and electric drivetrains and to continue to lead the electrification of the motorcycle and power sports world.
Also to read
Hermans/Van den Bogaart win ONK Heerde
Koen Hermans and Ben van den Bogaart have won the ONK in Heerde. They were in the dress rehearsal for the Grand Prix, which takes place in two days at the same circuit...Zienecker wins Heerde, the tension is rising!
The fourth race of the KNMV Open Dutch Quad Championship was won by Manfred Zienecker. The DVR rider managed to win both heats. Mike van Grinsven (5-2) and…VIDEO: Inside MXGP and the Yamaha riders' race in Agueda
The Yamaha camp lets us look behind the scenes again and this time it is during the MXGP of Portugal. A new rider had appeared there who goes by the name...New knee injury for Maeron Peeters
A major setback for Maeron Peeters. Last year the Belgian crashed with Maxi Werner in Oldebroek and tore his right anterior cruciate ligament. On April 27…
Your reactions