Scorpio Electric, a Singaporean electric motorcycle startup, has announced that it has successfully raised a round of financing led by local car brand EuroSports Global (which was also the lead investor in the company’s 18-year seed round).$6.75 millionfinancing.
It is understood that after the financing, Scorpio Electric’s valuation reached 150 million US dollars. And some data pointed out that the injection of this financing also brought the total financing of Scorpio Electric to more than 16.35 million US dollars.
Founded in 2017, Scorpio Electric mainly focuses on the research and development of high-performance electric motorcycles. At present, the company’s first electric motorcycle X1 has begun to accept reservations (the deposit is 1,000 US dollars, the total price is 9,800 US dollars), and it is expected to start mass production and delivery in the second half of this year. It is worth mentioning that, according to Scorpio Electric, the company is currently working closely with a Chinese company on the assembly of X1.
According to the information on the official website of Scorpio Electric, the X1 electric motorcycle has a cruising range of 200 kilometers on a single charge, and it only takes 2.5 hours to fully charge 90% of the battery life. In terms of performance, the X1 is equipped with a motor with a power of up to 10Kw, which can accelerate from 0 to 50 kilometers in 4.2 seconds. At the same time, the Scorpio Electric can reach a top speed of 105 km/h.
For future development, Scorpio Electric said that it will use the latest financing to promote the manufacture of the first batch of pre-production prototypes of the X1. In addition, the company noted that some of the funds will also be used to develop new electric motorcycle models, including variants.
And asScorpio ElectricThe background of this financing, there are mediapointed outin recent years, in Singapore, with the continuous improvement of the regulatory environment and the implementation of relevant policy plans (such as the “Singapore Green Development Blueprint2030》), dozens of start-up companies in the field of electric vehicles have obtained related financing.
