Stark Future will invest 25 million euros in expanding the production facility
Stark Future, manufacturer of electric motorcycles and technology, is proud to announce the completion of a EUR 25 million credit facility with Big Bets, one of the leading start-up investors and active backer of successful repeat entrepreneurs.
This strategic financing is an important milestone for Stark Future and will serve as crucial working capital, allowing the company to further expand its production capacity and accelerate its ambitious goals for the global phenomenon of the Stark VARG electric dirt bike.
The credit agreement underlines Stark Future's commitment to sustainable and progressive initiatives and strengthens its position as a leader in the electric mobility sector. The funds will be used to strengthen manufacturing capabilities, optimize manufacturing processes and promote research and development related to the Stark VARG.
Big Bets has been a shareholder in Stark for two years and has closely followed the company's remarkable progress and development. Anton Gauffin, Founding Partner of Big Bets, expressed excitement about the partnership, saying: “We have great confidence in Stark Future and we think the journey we have seen so far, Mr. Anton Wass' story is one of the most remarkable founder stories we have ever encountered.”
“So there is certainly a story and there are logical reasons why and how Stark Future is innovating incredibly now and for us this collaboration represents an important step forward in our shared vision for Stark Future. We are committed to supporting its high growth trajectory and contributing to its success in the electric motorcycle industry.”
Anton Wass, CEO of Stark Future: “We are excited to strengthen our partnership with Big Bets, a valued partner that shares our vision for innovation and sustainability. This credit facility provides us with the necessary resources to fuel our expansion and strengthen our position as a leader in the electric motorcycle market.”
Reflecting on the partnership, Anton Wass further added: “We at Stark are very pleased to further expand the partnership with Anton and his team to further grow Stark Future into the electric leader of the motorcycle industry.”
The agreement between Big Bets and Stark Future represents a mutual commitment to driving innovation and sustainability in the electric vehicle market. With this additional significant financial support, Stark Future is poised to revolutionize the off-road industry and provide riders with unparalleled performance, versatility and durability.
Photos: Stark Future
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