Despite Mission Motor’s delays of its Mission One high-performance electric motorcycle, the company is unveiling a new racing version of its electric super bike the Mission R. The company plans to race the bike, which has 141 horsepower, 115 ft-lbs of torque and speeds of 160 mph, in early 2011.
The Mission R is the product of Mission Motors’ newly announced powertrain business, the MissionEVT, which is a direction that Mission Motors has been moving toward for much of this year. Back in May, CEO Jit Bhattacharya revealed that the company was looking to generate initial revenue through licensing or sales of its core powertrain tech to industry giants (a common strategy among tech-focused EV startups).
Based in San Francisco and originally called Hum Cycles, Mission Motors has raised $4.7 million in debt and equity since its inception in 2007. The company will need more capital in order to transition from the development phase to actually producing the 50 planned $68,000 Mission One superbikes, Bhattacharya told us in an interview last month. With tech startups, that challenge is commonly known as crossing the valley of death, and according to Bhattacharya, Mission Motors hopes to raise a new round of financing by mid-to-late 2011.
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