Zero Motorcyclesthe Californian company leader in the segment of motorcycles and powertrains powered by electricity, has announced the completion of a new round of financing of 107 million dollars. The transaction saw the participation of some financial investors and strategic partners such as Polaris, Exor, Hero MotoCorp and the long-time lender Invus.
Here are the words of Sam Paschel, Chief Executive Officer of Zero Motorcycles: “Since its inception in a Santa Cruz garage, Zero Motorcycles has helped redefine the ever-evolving concept of electric motorcycles to the highest level. Zero has sold over 20,000 vehicles that have amassed more than 200 million miles of on-road experience. and off-road vehicles and has developed the most advanced electric propulsion technology driven by the proprietary Cypher III operating system. The company has also been able to build an innovative and international brand that is highly respected in the e-mobility sector. This operation will finance the development of future global and sales activities and the implementation of new models and will represent a new impetus for our rapid growth. We welcome our strategic partners and new investors and thank Invus for its continued support and commitment in supporting the vision and Zero’s mission “.
Zero’s commercial strategy is based on three fundamental pillars:
create motorcycles for motorcyclists and then develop a complete range of models that includes road, adventure sport and dual sport motorcycles, encourage sales to fleets: Zero is present in over 200 police departments and fleets of public bodies, helping to spread the electrification through the sale of its powertrains and proprietary technology to important partners.
With this new loan, Zero Motorcycles has raised over $ 450 million in capital and will bring the total investment to over $ 500 million thanks to a further transaction planned for the end of the year.