Birmingham, Alabama-based Curtiss Motorcycles, in collaboration with the equity crowdfunding portal Wefunder, announced the opening of its equity raise, priced at $0.20 per share. Investment is open to the public with a minimum investment of $1,000, equating to 5,000 shares of common stock in the company.
“We formed Curtiss to lead the growing premium all-electric motorcycle market,” said Curtiss CEO and chairman Matt Chambers. “With equity crowdfunding, we’re inviting our customers, followers, and fans to join us as we accelerate production of our first battery electric motorcycles, and ultimately lead the electric motorcycle revolution.”
Curtiss enters the battery electric motorcycle market as traditional motorcycle brands including Harley-Davidson begin exploring their own electric motorcycle programs.
“Unlike traditional brands like Harley-Davidson, Honda, BMW, and KTM, we don’t have a portfolio of gas-powered motorcycles (and their associated factory overhead) to protect,” Chambers explains. “Our balance sheet is clear of such burdens, which frees us to pursue the best and finest solutions to sustainable motorcycling without regard to the inevitable disruption to revenue from gas-powered product lines.”