Electric motorcycle manufacturer Zero Motorcycles announced record growth for the first quarter of 2012 with year-over-year sales up 178 percent in number of motorcycles built and shipped.
Overall revenue growth for Zero Motorcycles year-over-year increased 240 percent in Q1. Zero Motorcycles attributes the successes to many factors, including streamlined manufacturing efficiencies and an expanding dealer network.
The 2012 Zero S and DS ZF9 models, with ranges of 114 and 112 miles, respectively, received significant aesthetic and performance upgrades in 2012 and had early availability, which also boosted first-quarter results.
“We are now in full production and accelerated growth mode. Yet we are still a small company and therefore we understand that significant increases are relatively easier for us than for larger OEMs. However, on any scale, it’s an impressive performance, arguably making Zero Motorcycles the fastest growing and largest premium brand electric motorcycle manufacturer in the world,” chief operating officer Karl Wharton said.
In the past 12 months, Zero has appointed more than 50 new Zero authorized dealers in North America, and many of them are multi-line dealers. Zero’s product line is now increasingly available in metropolitan, urban and suburban population centers, driving additional sales growth.