Filed under: EV/Plug-in, On Two Wheels, USA
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Zero Motorcycles, the self proclaimed global leader in the electric motorcycle industry, has raised $26 million in additional financing from its investor group, led by Invus, LP. This round of financing closed on March 3rd, 2011 with $17 million invested and the potential for $9 million more within the coming months as Zero Motorcycles expands its operations.
Zero plans to use the funds to ramp up U.S.-based production and grow its global sales presence. In addition, the Santa Cruz, CA-based company will commit "significant" resources to research and development of its electric drivetrain technology.
Although most discussions about electric vehicles seem to center around cars like the Chevy Volt or Nissan Leaf, the lineup of battery-powered Zero Motorcycles should not be overlooked. Electric motorcycles may not have widespread appeal, but they still offer the promise of emissions-free driving and help push the adoption of alternative technologies.
[Source: Zero Motorcycles]
Continue reading Zero Motorcycles raises $26 million; looks to ramp up U.S. production
Zero Motorcycles raises $26 million; looks to ramp up U.S. production originally appeared on Autoblog Green on Fri, 18 Mar 2011 12:55:00 EST. Please see our terms for use of feeds.
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