Stark, an electric motorcycle brand from Spain, has shocked the industry with its growth rate. It is reported that the startup, which has been selling and producing since mid-2023, is expected to achieve annual revenue of 90 million euros (about 704 million yuan) in 2024, the first full year of its operation. This trajectory has earned the company the title of "the world's largest manufacturer of electric motorcycles" (excluding scooters and children's bicycles).
At the moment, the Stark VORG has quickly become the dominant brand in the motocross segment, outperforming many gasoline motocross models in terms of sales. According to relevant information, the company can produce 1,000 motorcycles per month, and its related business scope has expanded to more than 50 countries around the world, of which the United States is its largest market.
The development of the brand has also had a positive impact on the Spanish economy. It has created a large number of jobs and contributed to the economic growth of the entire country.
According to the analysis, Stark Future's growth has been driven by significant investments, including a 10.35% stake worth €50 million held by Royal Enfield's parent company, Eicher Motors Ltd. In addition, Santander contributed 20 million euros and Big Bets provided a credit line of 25 million euros.
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