Oregon’s local electric motorcycle startup Brammo has closed on $28 million in funding, led by Polaris Industries, which makes sporting vehicles like ATVs and snowmobiles. About a year ago we reported that Brammo was looking to raise $30 million, so this is the close of that Series B funding.
Brammo already sells its Enertia electric motorcycle, which has a 60–70 mph max speed, 40-mile range and roughly $8,000 price tag. We test-drove that bike last year (see video below). However, the Enertia drives more like a scooter than a high-end motorcycle, and Brammo has been looking to boost its performance and range over the years.
The next electric motorcycle in line for Brammo is the Empulse, which has a new battery pack, a power management system and a water-cooled motor. The Empulse has a 100 mph top speed, an average range of 60 miles per charge and an estimated starting price of $9,995. (Photos are of the Empulse.)
Then earlier this year Brammo said that it plans to sell even higher-end bikes, including four new 6-speed models that are using a transmission system that enables higher speeds and the equivalent of the performance of a traditional gas-based motorcycle. The transmission tech — called the Integrated Electric Transmission (IET) — will come from partner SMRE Engineering, and the prices for these motorcycles clock in around $10,000 to $12,000.
Other investors in the round include Alpine Energy and NorthPort Investments. Previous investors in Brammo have been the venture arm of Best Buy, Best Buy Capital, and Canadian investment firm Chrysalix.
Here’s my test drive of the Brammo Enertia: