News

Alta Motors is announcing that it has closed two fundraising rounds, for a total of $27 million capital raised in exchanged for preferred stock in the San Francisco based electric motorcycle company. The B & C series fundraising rounds were led by Grassy Creek Ventures, with the Series C round joined by Latin American venture capital fund Mountain Nazca, along with motorcycle legend Bob Fox – of Fox Racing fame. Alta Motors says that the use of funds goes to the expanding the company’s existing manufacturing and R&D facility in Brisbane, CA; refining the company’s vehicle technology; and developing more lightweight vehicles.

Racing

After first announcing that Ben Spies would stay in WSBK for 2010, and move up to MotoGP for 2011, commotion surrounded both paddocks that the American Superbike rider could in fact be bumped to MotoGP as early as next season. Today, Yamaha has officially confirmed what many had speculated: Ben Spies will join MotoGP via the Monster Tech3 Yamaha MotoGP team for the 2010 season.