Stark’s future looks bright as e-moto company reports record-high revenue
Stark Future, a leader in high-performance electric motorcycles, reached a major milestone in April by recording its highest-ever monthly revenue of $20.6 million while earning $3.1 million in profit, showing a positive sign for the viability and sustainability of the EV market.
The revenue achievement comes nearly two years after Stark Future’s first commercial sales, and the company’s CEO, Anton Wass, says it resembles the growth rate of some of the world’s most successful tech firms. The company’s rise toward profitability has been driven by its popular off-road bikes and street-legal enduro model.
Through deep technical vertical integration and focus on sourcing, we managed to develop game-changing technology at competitive costs, while still manufacturing in Europe. This result validates our disciplined approach and marks an important step toward consistent profitability. — Anton Wass, CEO
Despite Stark’s profitability, other e-moto manufacturers have had mixed results. Zero Motorcycles recently raised $76 million to release six new distinct EV vehicles over the next two years. Other OEMs, on the other hand, have struggled, including Harley-Davidson’s electric spin-off LiveWire, which sold just 33 units and lost $20 million in its first quarter, and Italy-based Energica, which auctioned off its assets in March following the company’s bankruptcy.
Stark says its primary ambition is to design, develop, and manufacture cutting-edge electric motorcycles to push boundaries of performance and set new standards for sustainability in the industry. Stark credits its focus on sustainability — in both operational efficiency and materials — for the firm’s success. Looking to the future, Stark is focused on repeating the success it has found in the motocross and enduro segments, in much larger motorcycle categories.
The company says it is well-positioned to continue scaling its impact and redefining the future of motorcycling. With a global network of dealers at over 400 retail locations, expansions into over 50 countries, and recent developments for security and military applications, Stark is committed to continuing its growth.
“We will continue to innovate at the component level and in the greater model range so electric motorcycles in all categories can outperform traditional machines in every way,” says Paul Soucy, Stark’s chief technology officer.
