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According to documents filed with the United States Securities and Exchange Commission, Zero Motorcycles has scored an additional $5.5 million in its Series A funding. Asphalt & Rubber calculates the company's total funding at $10.5 million to date. These funds were provided by The Invus Group, which has two seats on Zero's Board of Directors.
No word on what the money will be used for, though likely candidates are expansion into markets outside the U.S. and continued development of new products. This funding is interesting as it comes at a time when investment money is in short supply and the motorcycle industry is in a downward trajectory, and it means we'll be keeping a close eye on Zero's Santa Cruz operations in the coming months.
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[Source: Asphalt & Rubber]