Zero Motorcycles Raises Another $2 Million

02/03/2011 @ 5:59 am, by Jensen Beeler3 COMMENTS

Zero Motorcycle continues to raise money despite the wallowing economy, dropping another $2 million into its war chest during a $2.4 million round. The news of this funding comes shortly after we’ve gotten word that the Santa Cruz company plans on building a production facility for its electric motorcycles, and as of yesterday secured distribution in Mexico. While Zero hasn’t said what it plans to do with these newly acquired funds, we imagine the purpose will go something along the lines of the famous Daft Punk song “Harder, Better, Faster, Stronger”.

By our count, Zero Motorcycles has raised roughly $18 million through equity exchanges, not to mention the several grants the privately-owned company has also won from local and state governments. That’s a tidy sum of money for a company that’s only been around since 2006. The new Santa Cruz based production facility should double Zero’s motorcycle output, which will come in handy as Zero expands its global availability.

Source: SEC