A pioneering manufacturer of electric mobility, Zero Motorcycles continues its global expansion. To support its projects and the development of its future electric motorcycles, the Californian brand will be able to count on the contribution of new capital.
Global leader in the electric motorcycle market, Zero Motorcycles has just announced the closing of a new financing round of 107 million dollars.
A new fundraiser that will allow the Californian brand to finance its international expansion and the development of its future electric motorcycles.
Among the investors who have put their hands in their pockets, we find Polaris, with whom Zero has a partnership for the electrification of all-terrain and snowmobile models, Exor, Hero Motocorp and Invus, a long-time investor. Other partners whose names have not been disclosed are also among the investors.
“Zero has sold over 20,000 vehicles that have accumulated over 265,000,000 miles of on-road and off-road experience. This funding will enable the expansion of our operations and sales globally, as well as the development of new models to continue to drive our rapid growth,” said Sam Paschel, CEO of Zero Motorcycles.
With this new funding round, Zero Motorcycles has already raised over $450 million in capital and will bring the cumulative amount of capital raised to over $500 million with an additional closing expected by the end of the year.
More than enough to continue its march forward and take advantage of its dominance in the electric motorcycle market before the competition gets involved.