With just over two months left until 2024, which, by the way, has been a year that many in the electric motorcycle industry would rather forget. From Cake until Energeticpassing through LiveWire…On the other hand, for Zero It has been another story, “more or less.”
The usual excitement surrounding electric vehicle startups has been replaced by a climate of uncertainty. But, ZeroAs we are telling you, it drinks from other waters due to its positioning. And also, plan a EICMA 2024 Full of interesting news.
The sector, although relatively young in technological terms, already has figures with more experience, as is the case of Californians.
If you’ve been following the electric motorcycle market for the last almost 20 years, you may not be wondering why Zero It is not on this list. The answer is simple, Zero He has managed to stay out of it.
What sets Zero apart from the rest?
With more than 18 years of history, the American company has gone through its own ups and downs, but it has managed to manufacture and deliver motorcycles to its customers, something that many startups fail to achieve.
Besides, Zero has expanded its model range, improved engines, batteries and developed continuous innovations, what anyone expects from a solid manufacturer of motorcycles, whether electric or conventional. Good for Zero!, this is where the difference lies.
Definitely, Zero Motorcycles has proven to be a relatively stable pillar in this industry. In fact, it has even established strategic alliances, as with Polaris or the Indian giant Hero MotoCorp.
However, despite the investment of 60 million dollars of hero in 2022, two years have passed, and Zero is now in the process of raising nearly $121 million, according to a recent filing with the US SEC.
For this, Zero introduced Form D, which informs investors of the issuance of new securities, allowing it to raise funds without complete registration. This form also establishes requirements on the types of investors, allowing an unlimited number of accredited investors and up to 35 non-accredited ones.
So, Zero seeks to raise 120.6 million dollars in total, of which it has already secured 100.2 million. Now, as we are telling you, they only need around 20.5 million dollars to reach their goal. There is no doubt… What will it be used for? Zero this money? We will have to wait just a little to see it.
