While Brammo's production arrangement with Flextronics was a pretty significant deal, their latest strategic partnership may prove even more momentous. Powersports powerhouse Polaris Industries has helped close out its $28 million series B funding round in style and committed to synergistically dipping their vast peanut butter resources into the electric motorcycle maker's technology chocolate. So to speak.
It's spring, and that means motorcycles are back in season. Polaris must be in a buying mood, as the recreational vehicle giant announced that it has purchased Indian Motorcycles. Terms of the sale have not been disclosed, but the move has certainly given Polaris a stronger foothold in the American-made motorcycle market. Polaris also owns Victory, which makes cruiser and tourer bikes that compete directly with models from Harley Davidson.
Jeremy Mayfield, a NASCAR Sprint Cup Series driver with five career victories, has become the first driver suspended for substance abuse since the sanctioning body's no-nonsense policy took effect this season. Jim Hunter, NASCAR's vice president of corporate communications, would not say what the specific substance was, but he did clarify that it was not alcohol-related. As of last September, NASCAR tests all drivers and crew members at the start of the season, and randomly throughout the year.