Harley Davidson invests in ALTA MOTORS, an innovator in lightweight electric vehicles
Alta Motors, a Mountain Nazca portfolio company, received an equity investment from the United States’ leading motorcycle manufacturer Harley-Davidson. The two companies join forces in product development and will collaborate on electric motorcycle technology. With the investment, the Milwaukee motorcycle giant has made a move that accelerates its ambition to bring an electric motorcycle to market before 2020.
Alta Motors, founded in 2010, is a global leader in lightweight electric vehicles (EV) with a proprietary mobility platform that offers new levels of power density and economics. Harley-Davidson President and CEO Matt Levatich states that “Alta has demonstrated innovation and expertise in EV and their objectives align closely with ours. We each have strengths and capabilities that will be mutually beneficial as we work together to develop cutting-edge electric motorcycles.”
Alta Motors is steadily pushing the industry forward by offering the highest energy density in the lightweight electric-vehicle mobility market today. Alta Motors Chief Product Officer and Co-Founder Marc Fenigstein said that Alta “believes that electric motorcycles are the future, and that it is incredibly exciting that Harley-Davidson shares that vision and we’re thrilled to collaborate with them.”