Zero Motorcycles is raising $120 million

Here’s a structured list based on the information provided in the text:

Company: Zero Motorcycles

Recent Funding Round

• Funding Amount: Approximately $120 million
• Raised So Far: Around $100 million
• Funding Series: Undisclosed (new equity round)
• Date of Fundraising: Current (specific closing date not mentioned)

Investors

• Undisclosed Investors: 2 unnamed investors involved in the current funding round.
• Previous Investors:
  • Polaris
  • Hero MotoCorp (from the 2022 funding round)

Founders

• Specific founders’ names are not mentioned in the text.

Previous Funding

• Last Funding Amount: $107 million
• Date of Last Funding: 2022

Purpose of Funds

• Expansion and development of new models.

Relevant Context

• Zero is nearly 20 years old.
• The current electric motorcycle market has seen struggles, with several companies filing for bankruptcy, including Energica and Cake.
• Livewire, Harley-Davidson’s electric motorcycle spin-out, reported losses in the Q3.

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2024-10-24 18:24:07