New Electric Motorcycle Startup Snags $10M

Moresco, Justin
September 2008
Red Herring;9/22/2008, p9
Trade Publication
This article reports that electric motorcycle startup Brammo has successfully raised $10 million in a first found of financing deal. Investors involved in the deal are Chrysalix Energy Venture Capital and Best Buy Capital. It is expected that Enertia, the firm's inaugural model, will be shipped in the first quarter of 2009. Brammo Chief Executive Officer (CEO) Craig Bramscher says they wanted a lightweight, nimble bike for urban commuters that was not intimidating. He adds that the funding deal will enable the continued development of additional models.


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