Some interesting local news as Brammo gets a helping hand from Polaris industries in a hope to accelerate future development.
-- For Immediate Release --
Ashland, Oregon, USA October 26, 2011 - Brammo Inc, a
leading developer of electric vehicle technology and manufacturer of
two-wheel electric vehicles, announced today that it has closed a $28
million Series B funding round designed to accelerate the company's
The final tranche of the Series B was led by Polaris Industries and
included further contributions from existing shareholder Alpine Energy,
while adding NorthPort Investments LLC. Polaris, a recognized leader in
the powersports industry joins the team as a key strategic partner for
Brammo, bringing opportunities to broaden the range of markets for
Brammo Electric Vehicle (EV) drivetrain technology and expertise.
"We are excited to add Polaris Industries as a valued strategic
partner. Brammo and its partners are combining forces to gain dominance
in the EV powersports market,” said Brammo, Inc., Founder and CEO Craig
Bramscher. "We now have the ability to maintain our high standards of
quality while we innovate and commercialize at speed, and this enables
us to better serve our customers and build a sustainable advantage.
Polaris is the clear leader in powersports and our manufacturing
partner, Flextronics, is a global leader in electronics manufacturing.
Our products are the synthesis of powersports and electronics. Polaris
and Flextronics present the best possible partners to help Brammo
achieve the scale and prolific product development plans we have for the
The foundation of Brammo’s success lies in its innovative battery and
powertrain technology, which is integral to its expanding product line,
including the Enertia - urban commuter, Empulse - sports motorcycle,
and Engage and Encite - supermoto and off road motorcycles. This same EV
technology has potential in both the powersports and the low speed
vehicles markets. The intent of Brammo’s strategic partnership with
Polaris is to enhance Brammo’s leadership in the 2 wheeled EV space,
while broadening its reach in terms of product development, geographic
reach and aggressive growth; all while continuously improving quality,
performance, and customer service.
Flextronics enables Brammo to scale through time efficient
procurement, supply chain optimization, and high quality assembly.
Additionally Flextronics is partnering with Brammo on its battery
packaging design and is providing design for manufacturing (DfM)
services to Brammo. Currently producing the Enertia at its Sarvar
facility in Hungary, Flextronics is about to begin producing the Brammo
Power™ battery packs at its Frickenhausen facility in Germany.
Brammo Inc is a leading electric vehicle technology company
headquartered in North America. Brammo designs and develops electric
vehicles including the Enertia, Empulse and Engage motorcycles. Brammo
is an OEM supplier of its innovative Brammo Digital Drivetrain™ systems
including the Brammo Power™ battery pack and Brammo Power™ vehicle
management system. Brammo has vehicle distribution and marketing
operations in North America, Europe and Asia.For more information,
please visit http://brammoinc.cmail3.com/t/r/l/tudihyd/blhkdqih/y/
The following are trademarks of Brammo, Inc. in the United States or
other countries or both; Brammo®, Enertia®, Empulse®, Engage®, Encite®,
Brammo Digital Drivetrain®, Brammo Power®, the Brammo logo and bulls
head graphical device.