Harley Davidson buy stakes in Alta Motors

 Harley Davidson buy stakes in Alta Motors

Electric Motorcycles & Scooters Market size is set to surpass USD 55 billion by 2024, according to a new research report by Global Market Insights, Inc. Global consumption is forecast to be over 60 million units by 2024.Fact that future is Electric.Wisconsin based iconic motorcycle brand will tie up with California based electric manfucaturer Alta Motors to build and produce what they call it as ” new electric urban motorcycles “.

As part of this tie up Alta Motors will provide there technical expetise in terms of building EV Drivetrains.This means Alta motors will gain monetary investment but will also have access to assests of Harley Davidson and world wide dealer network.

Earlier this year, as part of our 10-year strategy, we reiterate our commitment to building the next generation of Harley-Davidson riders, in part, by aggressively investing in electric vehicle (EV) technology. Alta has demonstrated innovation and expertise in EV and their objectives align closely with ours. We each have strengths and capabilities that will be mutually beneficial as we work together to develop cutting-edge electric motorcycles,” said Matt Levatich, President and CEO of Harley-Davidson.

As of now we see two different profound cultures coming together.Read Should you buy electric motorcycle.Also read about 2018 Softail Harley Fat Bob.

Pic Courtsey – Motorcycle Daily

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Akash Dolas

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