Brammo closes first tranche of a $45 million Series C financing

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Brammo closes first tranche of a $45 million Series C financing

Greentech Lead America: Brammo, the designer and
manufacturer of electric motorcycles, has closed the first $13 million tranche
of a $45 million Series C funding round.

The financing will help Brammo accelerate its development
plans. The financing was led by Polaris Industries and included contributions
from other undisclosed investors. Polaris is a strategic partner for Brammo,
bringing both investment and opportunities to integrate Brammo Electric Vehicle
(EV) drivetrain technology into multiple powersports platforms.

“This $13 million round of financing puts Brammo on
strong footing to continue to execute, deliver and expand distribution of our
electric motorcycles to our customer pipeline. This funding will ensure we
continue to accelerate production to capitalize on the growing demand for
electric motorcycles,” said Craig Bramscher, CEO of Brammo.

Brammo launches Electric sport bikes Empulse and Empulse R

Recently, Brammo revealed pricing and production plans
for the Empulse and Empulse R at a demonstration in Los Angeles. Brammo boasted
that the Empulse is the only electric motorcycle to include a
100-mile range and 100-mph top speed as well as a breakthrough battery and
powertrain system enabling a great zero-emission experience.

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