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2010 Zero Motorcycles DS – Click above for high-res image gallery

Zero Motorcycles, the self proclaimed global leader in the electric motorcycle industry, has raised $26 million in additional financing from its investor group, led by Invus, LP. This round of financing closed on March 3rd, 2011 with $17 million invested and the potential for $9 million more within the coming months as Zero Motorcycles expands its operations.

Zero plans to use the funds to ramp up U.S.-based production and grow its global sales presence. In addition, the Santa Cruz, CA-based company will commit "significant" resources to research and development of its electric drivetrain technology.

Although most discussions about electric vehicles seem to center around cars like the Chevy Volt or Nissan Leaf, the lineup of battery-powered Zero Motorcycles should not be overlooked. Electric motorcycles may not have widespread appeal, but they still offer the promise of emissions-free driving and help push the adoption of alternative technologies.

[Source: Zero Motorcycles]
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Zero Motorcycles, Inc. Gets $26 Million Investment

- Led by Invus LP, the investors behind Zero Motorcycles have committed additional capital to fuel its expansion -

SANTA CRUZ, Calif., March 17, 2011 /PRNewswire/ -- Zero Motorcycles, the global leader in the electric motorcycle industry announced today it has raised $26 million in additional financing from its investor group, led by Invus, LP. The financing closed on March 3rd, 2011 with $17 million invested and the potential for an additional $9 million over the coming months as the company continues to grow.

"With this investment, we will continue to ramp up our US-based production while rapidly expanding our global sales footprint. Our new 2011 lineup of California-designed and assembled electric motorcycles has been very well received by the market and press, and we intend to further accelerate growth and enhance our leadership position. We are continuing to commit significant R&D resources to our electric drivetrain technology, and are building the leading supply chain in the industry through our own efforts and our partnering with world-class suppliers. The company has the strong financial footing it needs to expand the business and move the state of electric motorcycle development rapidly forward," said Zero, CEO, Gene Banman.

Invus, LP has been the principal investor in Zero Motorcycles since its initial investment in April 2008. "Zero Motorcycles is well positioned to lead the motorcycle industry in new directions where electric propulsion offers unique advantages over traditional gas-powered motorcycles. As Zero's electric powertrain technology continues to advance, we see the potential for Zero to make ever-increasing inroads in the motorcycle market," said Aflalo Guimaraes, Managing Director of The Invus Group. "We are enthusiastic in our support of the company."

About Zero Motorcycles:

Zero Motorcycles is headquartered near the city of Santa Cruz in Northern California, where Zero Motorcycles designs and assembles 100% of its world-wide production of motorcycles, of which over 50% are exported to Europe, Canada, Australia and elsewhere. It has over 70 employees in California and Europe.

Zero Motorcycles is the next step in motorcycle evolution and represents the ultimate electric motorcycle technology. Unencumbered by conventional thinking about how to design, manufacture, and sell high performance electric motorcycles, we are on a mission to turn heads and revolutionize our industry by combining the best aspects of a traditional motorcycle with today's most advanced technology.

About The Invus Group:

Invus is a global private investment firm managing approximately $4 billion of capital in an evergreen structure. Its principals work out of offices in New York, Boston, London, Paris, and Hong Kong. Over its 26-year history, Invus has partnered with management teams in a wide range of industries, including consumer packaged goods, consumer services, specialty retailing, software, telecommunications, clean technologies, medical devices, and biotechnology, producing rates of return at the very top of the private equity industry.

FOR MEDIA: For more information, contact (951) 719-1040, media@zeromotorcycles.com.

For press information, videos and photos go to http://www.zeromotorcycles.com/press.

For more information on Zero Motorcycles or to learn more about its complete motorcycle line including the Zero S, Zero DS, Zero MX, Zero X, and Zero XU motorcycles, visit: http://www.zeromotorcycles.com.

For more information on The Invus Group visit: http://www.invus.com/.

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    • 1 Second Ago
      • 3 Months Ago
      I will be first in line once they can come out with a $15k (before subsidies) electric street bike that can maintain 90mph and have a range of at least 50 miles. Keep up the progress Zero!
        • 3 Months Ago
        Right behind you in line. Hope they give Brammo Empulse 6.0 some competition.
        Mission motors would be the choice for breaking the bank and speed record.
        • 3 Months Ago
        "a $15k (before subsidies) electric street bike that can maintain 90mph and have a range of at least 50 miles."

        Not available yet but the Brammo Empulse 6.0 8.0 10.0 already exceeds those specs at a lower price. I would be VERY surprised if Zero even announces such a machine before the Empulse goes to production. If not, the Empulse will be the end of Zero...

        No reason to buy a much less capable machine for the same money (Empulse 6.0 vs Zero S)
        • 3 Months Ago
        Go Zero!

        I gotta cheer on the local guys with their nice EV bikes.
      • 3 Months Ago
      mission motors still doesn't have anything for sale and they no longer hold the speed record; the motocyzsz electric took it last september.