Zero Motorcycles in Scotts Valley gets $26M to grow - San Jose Mercury News

Zero Motorcycles in Scotts Valley gets $26M to grow - San Jose Mercury News

Zero Motorcycles in Scotts Valley gets $26M to grow
By JENNIFER PITTMAN - Santa Cruz Sentinel
Posted: 03/17/2011 01:28:21 PM PDT
Updated: 03/17/2011 01:31:19 PM PDT


SCOTTS VALLEY - Zero Motorcycles has secured a $26 million financing deal to boost international growth and develop electrical vehicle technology, the company announced Thursday.

The deal with Invus LP, the company's principal investor group, closed March 3, just days before the company's co-founder Neal Saiki retired from his daily operations as chief technology officer of the company. Terms of the deal include a $17 million investment and the potential for an additional $9 million over the coming months as the company continues to grow.



Artstrada Magazine PhotobucketBookmark and Share

Comments

Popular