investment

Classic Legends to get USD 105m investment

Mahindra and Mahindra, along with others to invest USD 105 mn in Classic Legends The bestselling ‘Scorpio’ car manufacturer will invest USD 105 million along with existing shareholders and new investors, Mahindra said in an exchange filing.This will be over the course of next two to three years. Mahindra owns 60% of Classic Legends, which manufactures two-wheelers such as Jawa, Yezdi, and BSA. This is while investments in premium motorcycle segment in India is heating up with Harley-Davidson and Triumph partnering domestic companies, Hero MotoCorp and Bajaj respectively. Classic Legends has so far not made any inroads into this segment that is still largely dominated by Eicher’s Royal Enfield motorcycles. * * * * Invest in freedom, check out the membership options for Bandit’s Bikernet; click to know more.

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Aston Martin design and Brough Superior engineering

“The First Motorcycle in history with Aston Martin wings!” “Only at Heroes Motors Los Angeles” The very first Aston Martin motorcycle in history, the AMB 001 represents the union of iconic Aston Martin design and Brough Superior’s state-of-the-art engineering. This track-only motorbike is reserved for only the greatest luxury motorcycle connoisseurs. This first collaboration between the two legendary brands takes the form of a track-only motorcycle, produced in an exceptionally limited edition of 100 machines. The Aston Martin AMB 001 is a technical masterpiece of high performance, designed with a degree of elegance that is rare in racing motorcycles. Beauty and power are the hallmarks of this exceptional machine. Superior in every way, the AMB 001 is hand-assembled by the finest French craftsmen in Brough Superior’s workshop in Toulouse, France. An Incomparable Limited Edition: The AMB1 is more than just a motorcycle; it’s a mechanical work of art crafted with unparalleled precision. Every detail has been carefully designed to provide an extraordinary riding experience.With only 100 units in the world, this limited edition is one of the rarest and most coveted you can find. Be One of the Owners: Only one fortunate individuals will have the privilege of owning one of these last two AMB1 motorcycles. It’s a unique opportunity to be part of the elite group of riders who understand the importance of rarity and exclusivity. A DOHC 997cc 8-Valve 88-degree V-twin, water and oil cooled, short stroke measuring 94mm x 71.8mm, kicks out a turbo-charged 134 kW (180 hp) at just 180 kilos dry weight. The AMB 001 represents the first Brough Superior model to be presented with a turbo-charged engine. The powerful turbo gifts the rider with a motor that has an incredible response and huge torque over a wide range of RPM. An Investment in Exceptionalism:

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Royal Enfield MD on electric motorcycles

Royal Enfield MD Siddhartha Lal has said the iconic company will come out with a pathbreaking EV product. “We’re working super hard on the EV product, and we’ve appointed 11-12 new suppliers and are adding more competencies in the software area,” the company stated. Royal Enfield recently appointed Mario Alvisi, (previously at Ducati), as chief growth officer for the Electric Vehicle (EV) business for the business and commercial side. Another unique aspect about the long-running centenarian company is that unlike other ICE OEMs in India such as Tata Motors and Mahindra & Mahindra, the motorcycle brand Royal Enfield is not looking to raise money for their EV business. “We already have money, and we don’t need to raise anything more for the EV project,” mentioned Siddhartha Lal, MD, Eicher Motors. “Moreover, the company is not in a ‘desperate rush’ to join the great EV game and will come out with a product which is pathbreaking,” he added. “In Chennai, our three plants crank out a motorcycle every 38 seconds and last year we exported 100,000 units.” Another significant success story is their overseas recognition and brand value. “We’re No 1 in the middle weight category in the UK with 20% market-share, No 1 in Korea and No 2 in Thailand while we’re No 3 in Austria, France and Italy,” as per Lal. * * * * * * * * Click & know more about Bikernet’s Free Weekly Newsletter.

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Eicher Motors Ltd announces strategic investment in Stark Future SL

Parent Company of Royal Enfield, Eicher Motors Ltd, Announces Strategic Investment In Stark Future SL The Board of Eicher Motors Ltd. (EML) has approved an equity investment of 50 million euros, and plans for collaboration with the electric motorcycle manufacturer. Milwaukee, WI (Friday, December 29, 2022) – Eicher Motors Ltd., leading Indian multinational automobile company, and parent company of Royal Enfield, global leader in the middleweight motorcycles segment (250cc-750cc), today announced a strategic collaboration in the space of electric motorcycles with Spain-based Stark Future SL. As part of this collaboration, the Board of Directors of Eicher Motors Ltd. has today approved an investment of € 50 million for a close to 10.35% equity stake in Stark Future. With this investment, Eicher Motors Ltd., will have a seat on Stark Future’s Board, and will explore further opportunities to collaborate in the space of electric mobility. This investment has strategic significance for both Royal Enfield and for Stark Future, as both companies are keenly invested in creating innovative and sustainable solutions in global mobility. Stark Future recently launched its first high-performance electric motocross bike, the Stark VARG, which received an exceptional response from global media, professional riders and dealers. Speaking about Stark Future and this partnership, Eicher Motors Ltd Managing Director, Siddhartha Lal says, “We love the vision, passion and focus of the amazing team at Stark Future. Leisure motorcycles do not easily lend themselves to EV technology at this stage, due to challenges like the battery range, packaging, weight and cost. This has resulted in stunted growth of this segment till now. Stark Future has been able to understand and harness the potential of EV technology by dramatically outperforming ICE offerings, without compromising on range, weight, packaging and cost. They have created an absolutely astounding motocross motorcycle – the Stark VARG as

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Lil’ Ruby: Another addition for The Chopper Saga

by Johnny White Lil’ Ruby is what I have named her, but this came after I bought her from the original builder this Summer. You see, Lil’ Ruby started life as a 2002 Sportster that my son-in-law bought in 2015. He bought the bike from another young man who needed cash more than he needed a Sporty, and my SIL had cash in hand. He rode it home to his mother’s house and estimated he had the motor out of the frame less than 2 hours later. The Harley Sportster wasn’t his goal though. He planned before he purchased the bike. You see, he devised his strategy long before his purchase, and since a Sporty is the cheapest H-D motor he could get, well then that’s what he went with. He was on a mission to build a tight little chopper/ bobber that he could ride through town and not see another exactly like it anywhere. CLICK Here to Read this Photo Feature on the Tech behind this cool Chopper * * * * * * * * * * * * * * * * Get all the Tech, Custom Build Features and the Products & Parts solutions for it — at Bikernet.com Riding Free for 25 Years!!!

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Mustang Seats Acquired by Veteran-founded Investment Firm

Mustang Seats Acquired by Veteran-founded Investment Firm LDR Growth Partners New Growth-Oriented Owners Will Invest in Company’s Factory Operations, Marketing Programs and Presence with Customers Three Rivers, Massachusetts – April 4, 2022 – LDR Growth Partners today announced the acquisition of Mustang Motorcycle Products LLC, maker of Mustang Seats and related motorcycle accessories, in a private transaction closed last Friday. Mustang, known for high-quality, handmade motorcycle seats, was founded in 1980 near Three Rivers, MA, where the company maintains factory operations. Mustang was purchased out of Motorsport Aftermarket Group, owned by a group of investors, led by Monomoy Capital Partners. “Mustang Seats presents a tremendous opportunity for us at LDR,” said William Brame, partner at LDR and co-head of its acquisition business. “Our unique approach is in providing growing companies the resources they need to continue to expand while identifying areas for new value creation. We’ll invest in people, technology, and the machinery the company needs to help deliver the iconic Mustang Seats to motorcycle riders looking for our products domestically and internationally.” Mustang employs 85 people in a historic facility in Three Rivers. The company was founded by Al Simmons and named after the legendary P51 military aircraft from World War II. Mustang designs and manufactures a variety of styles of seats, with fitments for all major brands of motorcycles. The company also offers rider and passenger backrests and seating-related products. LDR Growth Partners is a private investment firm focused on acquiring and growing unique, cash flow generating businesses in the manufacturing, industrial products, and transportation sectors. The company currently owns and operates Whitman Controls, a 50-year manufacturer of process automation controls with large, multinational customers across a range of industries. LDR, founded in 2011 by three US Army officers, is also the owner of LDR Advisory Partners and

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New FIM Supercross World Championship planned

MUBADALA CAPITAL BACKS SX GLOBAL TO LAUNCH NEW FIM SUPERCROSS WORLD CHAMPIONSHIP Queensland, Australia (March 1st, 2022) — Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, one of the world’s leading sovereign investors with US$243 billion of assets under management, today announced its investment in SX Global, an Australian company established to develop, promote, and commercialize the FIM Supercross World Championship. Mubadala Capital has established a track record of successfully investing in category leaders across sports, media, and entertainment—including EMI Music Publishing, Endeavor Group Holdings, Reigning Champs, Ultimate Fighting Championship (UFC) and the Yankees Entertainment and Sports Network (YES Network), among others—and this investment continues its history of backing world-class management teams in building differentiated global sports, media and entertainment businesses. Mubadala Capital’s investment will support SX Global’s expansion plans for supercross and its efforts to capitalize on the exclusive rights it has secured from the Fédération Internationale de Motocyclisme (FIM) to manage and promote the new FIM Supercross World Championship, bringing the exciting sport of off-road motorbike racing to fans across the globe in a new competitive format. “Our commitment to SX Global and the FIM Supercross World Championship builds on our strategy and track record of selectively investing in premier content properties with strong global appeal,” said Adib Martin Mattar, Head of Private Equity at Mubadala Capital. “We expect that our investment in SX Global will introduce the exciting sport of professional supercross to a global audience and build lasting value by delivering an authentic, exciting and fan-centric experience.” SX Global’s President, Tony Cochrane, added, “We’re proud to partner with Mubadala Capital, a company that shares our vision and global aspirations for the FIM Supercross World Championship. With the international reach, resources, and business building experience of Mubadala Capital alongside us, we’re looking forward to establishing FIM

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New top management at Norton Motorcycles announced

from https://www.financialexpress.com TVS announces new top management at Norton Motorcycles: 2021 V4SS to launch soon. With TVS infusing multi-million-pound investments, the Solihull facility will be the most advanced and modern plant that Norton has operated out of in its 122-year-old history. TVS Motor Company (TVS), owner of The Norton Motorcycle Co Ltd (Norton), today announced that Dr Robert Hentschel has been appointed as the Chief Executive Officer (CEO) and Vittorio Urciuoli as its Chief Technical Officer (CTO) of the historic Solihull-based motorcycle brand. Hentschel and Urciuoli will take up their new positions as John Russell steps down from his role as Interim CEO. Dr Robert Hentschel joins Norton from Valmet Automotive Holding GmbH & Co KG, where he has served as Managing Director since 2017. Before that, he headed Ricardo Deutschland and Hentschel System and was also Director of Lotus Engineering. Vittorio Urciuoli’s former key roles within the global automotive industry include Director of URVI LTD, Head of Powertrain at Lotus Cars and Project Leader at Ferrari and Aprilia Racing. TVS has created a plan for Norton to transform into the future. Along with the entire TVS team, I look forward to working together with them for the revitalisation of one of the world’s most storied brands. Under John’s tenure, with investment and support from TVS, Norton has returned to a firm footing and made marked improvements to engineering and product quality, which will be seen in the updated V4SS that will be launched soon. In addition, we have established a new, state-of-the-art global design, engineering, manufacturing and sales and marketing HQ in Solihull, Sudarshan Venu, Joint Managing Director of TVS Motors, said. In January this year, Norton announced it would get back to work in full swing by March at its new facility at Solihull, Birmingham in the UK.

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Norton Motorcycles invests in advanced new factory headquarters

Norton Motorcycles invests in advanced new factory headquarters in Solihull The Norton Motorcycle Co Ltd has moved to a new location in Solihull, West Midlands The new HQ will be a permanent base for all staff and incorporates state-of-the-art design, engineering, manufacturing and quality capabilities Opening of the newly fitted out factory comes after a multi-million pound investment from Norton’s new parent company, TVS Motor Company Commissioning is near completion and opening is expected in Q1 2021 Over 50 high quality, new jobs have already been created and more are expected to follow as the business activity grows providing a welcome boost to the local economy. The site in Solar Park, Solihull is the most advanced facility that Norton has ever had The Norton Motorcycle Co Ltd has announced that the company is moving to a new headquarters. The state-of-the-art production site located in Solihull, West Midlands, will open following a multi-million pound investment by Norton’s Indian parent company, TVS Motor Company. It will be the most advanced manufacturing facility in the 122-year-old motorcycle brand’s history. The premises will be the central hub for all of Norton operations, providing a permanent base for all staff. The new headquarters will be home to design, engineering, purchasing, sales, marketing, and support teams as well as the skilled production team that is resuming manufacture of motorcycles. Some of the specialist tooling and equipment previously used by Norton has been carried over to the new site in Solihull, but the site is benefiting from substantial new investment. The new manufacturing facility will make use of modern-day, quality-assured production processes. Skilled technicians will deploy bespoke bike building techniques and state-of-the-art new manufacturing equipment to ensure all bikes are built with great precision and quality, a hallmark of both Norton and TVS Motor Company. Norton will

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Zero Motorcycles announces new financing round

Following the recent launch of its industry-shaking SR/F model, Zero Motorcycles today announced the close of a $25 million funding round, bringing the brand’s aggregate equity capital raised to over $250 million. With 13 years of experience developing the most power- and energy-dense EV technology in powersports, Zero leads the industry with a global supply chain and distribution network, and a broad portfolio of effortlessly powerful, safe and reliable electric mototcycles. ZERO MOTORCYCLES ANNOUNCES NEW FINANCING ROUND BRINGING AGGREGATE INVESTMENT TO OVER $250 MILLION SANTA CRUZ, Calif., (April 23, 2019) On the heels of the successful launch of its transformational SR/F model, Zero Motorcycles, the global electric motorcycle sales and innovation leader, announced today the close of a $25 million funding round, bringing its aggregate equity capital raised to over $250 million. With 13 years of experience, Zero Motorcycles has developed the most power- and energy-dense EV technology in powersports and has built Zero into the leading brand with a global supply chain and distribution network, and a broad portfolio of products, which are effortlessly powerful, safe, reliable, and delight our riders every time they twist the throttle. “At Zero Motorcycles, we’ve been defining the electric motorcycle category since our inception in 2006,” said Sam Paschel, CEO of Zero Motorcycles. “To build a company like Zero is not easy. You need to build a leading EV technology business, an industrial business, and consumer-branded business all at once. In addition to break-through innovation and R&D investment, this takes time, hard work, and significant capital. Zero has been capital efficient over the years, and our committed and consistent backing has enabled us to fully fund our strategy and to succeed when others have failed. We sell more electric motorcycles annually than all of our competitors combined and with our strong capital base,

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