Stark Future exceeds €100 million in total capital contributions with the latest equity investment round
B2B News – Source: press release Stark Future | Stark Future, the Spanish electric motorcycle manufacturer shaking up the motocross and enduro scene, has closed a new equity investment round, pushing its total capital contributions beyond €100 million.
Unlike its previous round, which was led by Eicher Motors, the latest funding primarily came from existing shareholders, alongside a select group of high-profile new backers with strong ties to the MotoGP paddock.
“We decided to close this internal investment round at a very attractive valuation in order to do it quickly while offering very competitive terms to the people that have already supported the business in previous rounds,” Said Anton Wass, CEO & Founder. “We managed to close it within a couple of weeks, which is a strong testament to the results our team has created. We also used this as an opportunity to invite a few selected external investors that we’d like to have in our team.”
Profitability rare in the EV Space
While many electric mobility startups are still struggling to find their financial footing, Stark Future stands out. Now in its sixth year of operations, and just two years after delivering its first motorcycles, the company has already reached sustained profitability. With ongoing product innovation and margin improvements, Wass says Stark is on track to increase both revenue and profits at ‘record-breaking pace.’
“Our mission is to prove that electric motorcycles can outperform ICE in every way,” Wass continued. “Each new model from Stark will be the leader within its category.”
Outperforming ICE, winning riders over
The evidence supporting Stark’s claims is so far the fastest motocross and enduro motorcycles ever produced, thousands of riders have switched to the superior electric models, and tens of millions of combined kilometers have been ridden all over the world. With this latest round of funding as working capital, the firm will accelerate its continued growth past the 70 countries it already distributes to, with some very exciting new products planned.
Previous article(s) about Stark Future: