Brammo Inc., an Ashland, Oregon-based developer of electric vehicle technology and manufacturer of two-wheel electric vehicles, has closed the first $13m tranche of a $45 million Series C funding.
The round was led by Polaris Industries, with participation from other undisclosed investors.
The company intends to use the capital to accelerate its development plans.
Led by Craig Bramscher, CEO, Brammo Brammo designs and develops electric vehicles including the Encite™, Enertia™, Empulse™ and Engage™ motorcycles. The company has vehicle distribution and marketing operations in North America, Europe and Asia.