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According to cleantech news site NewNet News, MotoCzysz is looking to raise $10 million through a 25% stake in the company. Securing its first MotoCzysz D1g1tal Dr1ve technology order, MotoCzysz is looking to bring its drivetrain products into full production with this investment, as the company reports it is close to securing further industry collaborations.

Funded to-date primarily by high-networth individuals, MotoCzysz will surely seek venture capital investment to raise the needed $10 million. “We have not gone down the venture capital route yet and I think that has so far been of benefit to the company,” said Michael Czysz to NewNet. “We are open to venture capital investment, we would just choose our partners very carefully

The second running of the TT Zero at the Isle of Man TT, made for the Isle’s third electric racing occasion on the Manx island. With 2011 being the 100th year of the Isle of Man TT running over the fabled Mountain Course, all eyes were focused to see if the fitting 100 mph barrier would drop as the electrics made their race today. Heavily favored were the bikes from the Segway MotoCzysz Racing team, which brought a modified version of its 2010 MotoCzysz E1pc that was being raced again by last year’s winner Mark Miller, as well as the company’s new 2011 MotoCzysz E1pc that Michael Rutter would swing a leg over. Also on the Isle was MotoCzysz rival Lightning Motorcycles, an entry from Japan, and a bevy of strong university teams.

MotoCzysz was out at Jurby Airfield yesterday, turning a wheel for the first time on the Portland company’s 2011 MotoCzysz E1pc electric superbike. With TT Zero’s first practice session tonight on the Mountain Course, the team has been busy getting ready to field two bikes for riders Mark Miller and Michael Rutter.

While Miller will ride the updated 2010.5 MotoCzysz E1pc, Rutter will be on MotoCzysz’s new machine that features the 200+ hp MotoCzysz D1-11 VDR D1g1tal Dr1ve electric motor. With more power at the motor, more battery on-board, and a lighter overall package, MotoCzysz has its eyes on the 100 mph mark, and the £10,000 check the Isle of Man TT has put up as bounty for the milestone. Photos after the jump.

We spent the today at the Jurby course, as teams for the Isle of Man TT came out to the short airfield race track to test their machines before the TT starts in earnest tomorrow with its first races. Among those teams in attendance was MotoCzysz, and the team debuted its 200+ hp 2011 MotoCzysz E1pc for the first time to the public (we brought you a sneak peek yesterday). With Michael Czysz and Michael Rutter both taking laps on the new electric superbike, today was the first time the new E1pc had ever turned a wheel. Photos and more after the jump.

We’ll have to wait just a bit longer to get a better glimpse of MotoCzysz‘s new bike, but we do have a teaser photo of the 2011 MotoCzysz E1pc. Spending an hour or so in the MotoCzysz pit, we’ve gotten a good look at the electric motorcycle, though we’ve been sworn to secrecy about revealing the bike’s details.

We’ll have to wait a while longer before we can spill all the 2011 MotoCzysz E1pc’s secrets, but we can say that the                                      is all new and made out of                   , and is going to make the whole thing                    as hell. The                    has also been revised, and the                    is damn sexy, though what’s really going to blow your mind is the                                      you know what…you’ll see.

Source: MotoCzysz (Twitter)

Bikes are starting to come out of the woodwork, as the TT Zero at the Isle of Man TT gets closer and closer. Now up is the 2011 MotoCzysz E1pc that will be piloted by Michael Rutter (Mark Miller will be on a modified version of the 2010 MotoCzysz E1pc at the Isle of Man as well), which features the MotoCzysz D1-11 VDR D1g1tal Dr1ve. According to the Portland-based company, the 2011 MotoCzysz E1pc will be capable of over 200hp, from what looks like a 3-phase AC motor.

If our sources are right, the motor was built with help from Remy, and should be the real-deal come race time as it spins to over 10,000 rpm (electric racing fans, get ready for a power grudge-match between MotoCzysz and Lightning Motors). Of course, what you really came to this post looking for is a video of the motor and 2011 MotoCzysz E1pc testing on the company’s dyno. Find that goodness after the jump, though it should be noted the identities of the criminally fast have been concealed.

We heard rumors that Segway was sponsoring the MotoCzysz Isle of Man TT effort, but passed them off as too crazy to be true, as the rumors also suggested a three-bike team at the Isle, which we knew not to be true. Now we get official word that Segway is indeed sponsoring the Portland-based company, but not just at the Isle of Man TT, but throughout the 2011 racing season. We’re not sure which races that will be exactly for MotoCzysz, but you can count on an appearance at the FIM/TTXGP Laguna Seca round at the very least.

The press release goes on to say that “this combination results in a world class team of mechanical, electrical, and software engineers whose years of experience and knowledge will lead both companies to successes not only at the track but also with new vehicles in the marketplace,” which to us sounds like MotoCzysz has been busy hot-rodding a different kind of two-wheeled electric vehicle up in Portland. I can’t speak for the whole A&R crew, but personally I’d pay good money to see Michael Czysz on a Segway.

Sources have been hinting that MotoCzysz had two bikes in the works for the upcoming TT Zero, and now we’ve gotten confirmation from the Portland, Oregon company that it will indeed be fielding two bikes at the Isle of Man TT. As with the past two years, Mark Miller will be at the helm of the MotoCzysz machine, but this year he will be joined by Michael Rutter on the second Czysz bike.

Mark Miller rode the MotoCzysz E1pc to victory last year during the TT Zero, while Rutter was a solid Top 10 contender in the Superbike, Superstock, and Senior TT classes. Though the Englishman has won 27 BSB Championship races, and competed in both MotoGP and World Superbike, this will be Rutter’s first foray into electric motorcycle racing.

The folks at MotoCzysz just got back from a trip to China (the EVS25 show in Shenzhen, China) where they debuted the MotoCzysz D1g1tal Dr1ve D1 — the world’s first fully integrated electric drive system. Complete with motor, inverter, oil pump, gear reduction, and differential housed in an aluminum chassis, MotoCzysz says the D1g1tal Dr1ve D1 is a complete plug-and-play system that can be used in the development of electric vehicles.

Based off the Portland company’s experience racing the MotoCzysz E1pc at the Isle of Man and FIM e-Power Championship, the MotoCzysz D1g1tal Dr1ve D1 uses Remy motors to produce 60kW (80hp) of continuous power, with a 75 kW (100hp) peak power delivery figure. The D1 comes with plenty of torque, 1000 Nm of torque to be precise (no, that’s not an extra zero, the motor makes 737 lbs•ft of torque). The feather-light D1g1tal Dr1ve D1 weighs under 150 lbs, making it ideal for a variety of applications. Available in May 2011, pricing will start under $8,999 as the MotoCzysz D1g1tal Dr1ve D1 will compete head-to-head with Mission Motors’ MissionEVT program.

Asphalt & Rubber has gotten some more photos from the 2010 BUB Motorcycle Speed Trials held at Bonneville last week. Taken by A&R reader Constantine Blias (color photos) and MotoCzysz friend Thomas Knudson (black & white photos), we get a glimpse of what the MotoCzysz E1pc looks like slammed to the salt and without its front brakes.

For Czysz, racing is becoming a family affair with his father Terry working the pits, and sons Max and Enzo helping push the E1pc to the starting line (MotoCzysz GM Ryan Taylor also pictured). Czysz concluded his email to us with this line, “…and yes — I rode and hope to keep riding until MotoCzysz is the Worlds fastest motorcycle.” Also photographed was Swiss motorcycling legend Fritz Egli with his 500hp Hayabusa-based sidecar.

UPDATE 2: Richard Hatfield, owner of Lightning Motors, sent this in a text message from Bonneville: “We ran 176.044 as our best speed. The average down and return FIM and AMA speed record was 173.388 mph.”

UPDATE: Just got this in an email from Michael Czysz: “we ran 163 — however they just did 174/175.”

On the salt flats of Bonneville, two electric motorcycle teams are battling for the bragging right to be called “Fastest Production Electric Motorcycle in the World”. TTXGP North America winner Lightning Motors and FIM e-Power and TT Zero Winner MotoCzysz are at the BUB Speed Trials, and from the reports we’ve gotten, the two teams have been trading land speed records all weekend. The latest news we have is that Lightning Motors has clocked the latest LSR with 173mph on the salt flats, breaking the 150 mph record set by Mission Motors at BUB last year, but there’s still time today for that record to again drop.