LEV Manufacturing, an E-Bike manufacturer, and Lane VC, a mobility focused investment firm, acquired Serial 1 Cycle Company, a Lehi, Utah-based E-Bikes company.
The amount of the deal was not disclosed.
The acquisition will enhance Serial 1 operations with its USA-Based E-Production, Service and Support.
Serial 1 offers premium E-Bikes guided by intelligent, human-centered designs and crafted using advanced bicycle technology. The establishment of Serial 1 as an independent brand in 2020 combined Harley-Davidson’s product development capability and leadership in two-wheel electric propulsion with the agility and innovation of a startup brand dedicated exclusively to an E-Bike product.
LEV Manufacturing is a corporation specializing in designing, manufacturing, and commercializing light electric vehicles, with a current emphasis on electric bicycles. Using free-trade zone processes with a United States Certificate of Origin, it aims to support and grow the E-Bike industry while bringing manufacturing jobs back to the USA.
FinSMEs
27/11/2023