Brammo Plans IPO for 2015, May Produce Cars, Too

Brammo Empulse R 3 photos
Photo: Brammo
Brammo Empulse RCraig Bramscher
Brammo, one of the world's leading manufacturers of electric motorcycles has announced that an IPO (Initial Public Offer) is considered as a feasible move for 2015.
Brammo CEO Craig Bramscher told Sustainable Business Oregon that he intends to partner with the same investors who helped Tesla go public in 2010. He is looking for $150 mil (€) in private funds, and he hopes that the public offer will raise an equal sum.

While most of the funds are aimed at developing the electric motorcycle business, Bramscher is also eyeing a possible drift into the electric sport cars realm. Brammo says that they have such a prototype which is about 85% complete and a move in this direction is imminent.

In case the funds start pouring in at the desired rate, we might get to see Brammo going public around mid-2015 and maybe the car will be out soon after this, as well.

Source: Autoblog.
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