Zero Motorcycles, one of the leading manufacturers dedicated exclusively to electric motorcycles, is raising over $120 million in funding in the United States.
The company has reportedly sold approximately $100 million in shares to two undisclosed investors, according to documents filed with the U.S. Securities and Exchange Commission.
A Zero representative informed TechCrunch that the funds are intended to support the company’s expansion and the development of new models, though specific details were not disclosed.
Around two years ago, the company needed funding to continue its intended activities, raising $107 million from Polaris and Hero MotoCorp.
Despite the growing relevance of electric mobility, some manufacturers face challenges. Harley-Davidson’s electric subsidiary, LiveWire, has reported losses, and Energica is currently undergoing bankruptcy proceedings.
Meanwhile, mainstream manufacturers are increasingly adding electric models to their lineups, which may naturally impact niche electric motorcycle makers.