While other makers of electric motorcycles are in serious trouble, the well-known manufacturer Zero is now raising a major new investment. The company is completing a capital injection of more than $120 million.
This is evident from a new application that Zero submitted to an American regulator submitted. It is not yet clear who the new investors are. Zero late to TechCrunch know that the extra money will be used to expand activities and to introduce new models of electric motorcycles.
Zero has been around for 18 years now and releases new versions of its electric motorcycles almost every year. The brand has nine different models. There are also rumors that the Californian company is working on a new mini-bike. In total, Zero has received more than $600 million in investments during its history.
Energica and Livewire in dire straits
Some electric motorcycle manufacturers are having a tough time lately. For example, there is currently a crisis at the large Italian manufacturer Energica, which hopes to make a new start despite financial problems.
LiveWire, a Harley-Davidson spin-off, is also still suffering heavy losses on its electric motorcycles. LiveWire sold only 99 motorcycles in the last quarter.
These brands went bankrupt
The smaller manufacturers Fuell and Sondor went bankrupt earlier this year. In addition, CAKE, which not only makes e-motorcycles but also electric mopeds, filed for bankruptcy in February. But the Swedish brand has now made a new start under a new owner.
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Source: www.bright.nl
