California's Zero Motorcycles raises $2.2 million
Zero Motorcycle raised $2.2 million, according to a U.S. Securities and Exchange Commission filing.
Zero Motorcycles Inc. said it has raised $2.2 million of an $8.2 million offering, in a regulatory filing Tuesday with the U.S. Securities and Exchange Commission.
The company sold equity to raise the funds.
Scotts Valley-based Zero Motorcycles makes electric motorcycles and counts Invus LP as an investor.
Zero Motorcycles also said Thursday it will debut its 2012 model line at the New York International Motorcycle Show from Jan. 20 to 22.
Its lineup includes what it says is the world's first production electric motorcycle able to travel more than 100 miles on a single electric charge.
Zero Motorcycles competes with Oregon electric motorcycle companies Brammo Inc. of Ashland, which counts Polaris Industries Inc. among its investors, and MotoCzysz of Portland, which last November won the audience's attention at the Venture Northwest conference.
From the Silicon Valley/San Jose Business Journal.
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