Polaris Industries is the lead investor for Brammo’s second round of financing totaling $28 million. Existing investors Alpine Energy and Northport Investments are also involved in supporting the electric motorcycle manufacturer for this round of financing. In total the company has raised nearly $40 million in financing since 2008.
Brammo is known for their battery and electric powertrain technology. The investment by Polaris should not only have synergies with their motorcycle products but with their electric utility vehicles and recently acquired GEM product line. Brammo has also partnered with Flextronics for manufacturing. Learn more: Techcrunch.com