Birmingham, Alabama based Curtiss Motorcycles is launching an Equity Crowdfunding Campaign to “accelerate production of its innovative battery electric motorcycles.”
It is using the Wefunder portal and opened its equity raise in November at $0.20 per share, with investment open to the public with a minimum investment of $1,000 USD, equating to 5,000 shares of common stock in the company.
“We formed Curtiss to lead the growing premium all-electric motorcycle market,” said Curtiss CEO and Chairman Matt Chambers. “With equity crowdfunding, we’re inviting our customers, followers and fans to join us as we accelerate production of our first battery electric motorcycles, and ultimately lead the electric motorcycle revolution.
“Unlike traditional brands like Harley-Davidson, Honda, BMW and KTM, we don’t have a portfolio of gas-powered motorcycles (and their associated factory overhead) to protect,” Chambers explained. “Our balance sheet is clear of such burdens, which frees us to pursue the best and finest solutions to sustainable motorcycling without regard to the inevitable disruption to revenue from gas-powered product lines.”
The company has also announced that it is “accepting reservations for their highly anticipated all-electric Zeus motorcycle” – two new production versions, which were unveiled at the EICMA/Milan Show in November.
Both will feature carved billet aluminum and carbon fiber construction and can be had in either raw or anodized black finishes. Pricing is set at $60,000 USD for both models, which can be reserved with a 10% ($6,000 USD) pre-payment. Both Zeus models are slated for production in early 2020.
Utilizing a proprietary powertrain system optimized to balance power and range, the Zeus models have a target range of 280 miles (450 km) and it is hoped they will produce 145 pound-feet of torque from a 140 kW motor.
www.curtissmotorcycles.com
