Zero Motorcycles, a Scotts Valley, CA-based provider of electric motorcycles and powertrains, raised $107m in funding.
The round was led by Polaris, Exor, Hero MotoCorp, Invus, and others.
The company intends to use the funds to expand operations and sales and develop additional new models to continue driving rapid growth.
Led by CEO Sam Paschel, Zero Motorcycles provides electric motorcycles and powertrains. The company has sold over 20,000 vehicles that have accumulated over 165,000,000 miles of on-road and off-road experience.
With this round of financing, Zero Motorcycles has raised in excess of $450M of capital and will bring the cumulative capital raise to above $500M with an anticipated additional closing by year end.
FinSMEs
30/09/2022