Nov 11, 2013 at 17:08 o\clock

Report: Brammo making plans for IPO, mulls electric sports car

Brammo very first announced its Empulse electric motorcycle within July 2010 as well as began delivering bikes towards the public late final year. He additional that will he'd prefer to raise with regards to $150 million inside private funds (or regarding eight occasions how it is raised therefore far) prior to always be able to the IPO, then an additional $150 million with the offering.

Brammo planning with regard to IPO, mulls electric sports car
Brammo Empulse electric motorcycle
Related GalleryBrammo Empulse RBrammo Empulse RBrammo Empulse RBrammo Empulse RBrammo Empulse RBrammo Empulse RBrammo Empulse RBrammo Empulse RBrammo Empulse R
The funds would be used to broaden production of its electric motorcycle business, nevertheless Bramscher also offers another project in mind - an electric sports car. The Particular organization in addition suffered a new bit of the setback this past summer each period a fire at its facility inside Ashland, Oregon, caused greater than $200,000 worth of damage. The Actual company includes a prototype sitting throughout storage that will is considered to be regarding 85 percent complete.

Brammo CEO Craig Bramscher will be searching to consider a few plays from your Tesla Motors playbook through making use of its electric-vehicle wizardry in order to go public, and also intends to go after exactly your same investment bankers in which helped the California automaker having its IPO 3 many years ago.

. It has since moved its operations for the city involving Talent, exactly where it inhabits a 100,000 square foot former Wal-Mart.
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The company founder, speaking at the Portland Company Journal Energy Breakfast, stated he hopes to adopt the particular Oregon-based company public by mid-2015, Sustainable Company Oregon reports. the Empulse R can easily leading one hundred miles hourly and features a single-charge city-range associated with 121 miles