Brammo announced today that it had secured another $28 million in private funding for its Series B round AND a strategic deal with Polaris Industries who is also investing. With innovative design brains, technology,, market savvy, cash, good investors, and great strategics like Polaris and Flextronics, keep watching what Craig Bramscher (CEO) and his passionate team create out of the lovely Ashland, Oregon area.
“We are excited to advance our electric vehicle capability by establishing Polaris as a business partner and part owner of Brammo, one of the most innovative and aggressive companies I have found in the electric motorcycle space,” said Scott Wine, Polaris CEO. “Our companies share a passion for performance, and I look forward to exploiting the numerous opportunities created by pairing Brammo’s industry-leading electric powertrain technology with Polaris’s vast array of market-leading powersports products. This is a small but important investment for Polaris in an electric vehicle market that we feel is poised for significant growth.”
Also, see the MarketWatch announcement in this link: