Text/HTML

Latest News


Engage: Weblog

ZERO ADDS UP TO $107 MILLION

  • Dealernews
  • Oct 05, 2022

 

Zero Motorcycles has completed a new $107 million round of financing. The financing saw participation from strategic partners Polaris, Exor, Hero MotoCorp and financial investors including long-time backer Invus and other undisclosed investors. With this round of financing, the company claims to have raised more than $450M in capital. Zero anticipates bringing the cumulative capital to above $500M with an additional closing by year end.

“Since its launch in a Santa Cruz garage, Zero has defined the category of premium electric motorcycles and powertrains,” said Sam Paschel, Chief Executive Officer of Zero Motorcycles. “This financing will fund the global scaling of our operations and sales and the development of additional new models to continue driving our rapid growth. We welcome our strategic partners and new investors to our syndicate and are grateful to Invus for their steadfast support and commitment to Zero’s vision and mission.”

According to Paschel, Zero has sold over 20,000 vehicles that have accumulated over 165,000,000 miles of on-road and off-road experience. “Zero has refined the most advanced powertrain technology between e-bicycles and cars driven by its Cypher III operating system.”

Zero’s business strategy relies on three key pillars: consumer motorcycles where Zero carries a broad line of on-road, adventure sport and dual sports motorcycles, fleet sales where Zero is present in over 200 police departments and authority fleets, and powertrains where Zero technology contributes to the electrification of industry-leading applications by its partners.

« Return To The List

Comments:
Add New Comment
Name:  
Email:  
Website:
Title:  
Comment:

 

Text/HTML

NP Auctions Ad 2

 

Text/HTML

Text/HTML

Text/HTML

Bobcat

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Become A Dealer for FIN GPS

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Text/HTML

Motorcycle Industry Jobs Logo

Text/HTML

Text/HTML

Buzz Media content marketing ad