Cleveland-based electric motorcycle manufacturer Land Moto is taking strides as it has just announced that it has exceeded its Series A funding target. The company has raised $7 million as of September, 2023, exceeding its initial goal by more than $1 million. On top of that, the company is launching a convertible note amounting to $15 million for even further expansion.
While a good number of small-capacity electric motorcycles we see on the road are manufactured by Chinese brands, Land Moto is adamant on changing this. It’s one of the few electric motorcycle manufacturers focusing on US production, all the way from the bikes’ design phase to its final assembly. In order to do this, Land Moto upgraded its 30,000 square-foot production facility with a modern assembly line. The brand’s design and development center was also given a refresh. Furthermore, the company doubled its production team and welcomed Tim Leedom as the chief revenue officer and Chris Davis as the head of production.
