Electric motorcycle startup Energica has found some big guns to help find it funding: UBS .
According to the company’s press release, UBS will be Energica’s sole financial advisor during the electric motorcycle company’s search for Italian or international funding.
It is a highly unusual for an investment bank of UBS’s size to work with a startup like Energica, especially with the Italian company in such early stages of its startup process.
From this, one would guess that the Swiss-based bank is either looking to expand into the electric vehicle sector, to bolster its green technology portfolio, or to create goodwill after the current wave of negative press hitting Swiss banking institutions, but one cannot say with certainty.
What is certain is that Energica has a powerful financial institution working on its behalf to find investors, which bodes well for the folks from Modena.