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Singapore startup Scorpio Electrical introduced right now (January 12) that it has efficiently raised US$6.75 million from varied buyers to fabricate pre-production prototypes for its first electrical motorbike.
Particularly, it just lately raised US$5 million in January 2023, along with the earlier US$1.75 million raised in Could 2022. The entire funding of US$6.75 million funding has now valued the corporate at US$150 million.
Its first electrical motorbike known as the Scorpio Electrical X1, and is known as after probably the most highly effective star within the Scorpio constellation.
The X1 is designed to problem the boundaries of city electrical mobility. It contains a futuristic and distinctive design in a sensible maxi-scooter type issue, and is provided with the most recent good rider know-how and connectivity.
In response to the corporate, it’s set to start out mass manufacturing and world deliveries for X1 solely within the second half of this 12 months. At present, the X1 is already accessible for pre-orders.
“Creating a world product of excessive requirements is not any meagre process, and our engineering group is working tirelessly to validate and check the X1,” mentioned Joshua Goh, CEO of Scorpio Electrical.
“The pandemic offered our enterprise with loads of hurdles. It was a contributing issue to our new manufacturing timelines. Shifting into 2023, worldwide journey has reopened and we’re working intently with a Chinese language conglomerate to assemble the X1.”
Extra electrical bikes are within the pipeline
The corporate added that the funds will even be used to develop new premium electrical motorbike fashions and variants that assist the adoption of extra sustainable power options.
Based in 2017, Scorpio Electrical is a brilliant electrical car firm that specialises in high-performance electrical bikes.
It has skilled vital breakthroughs over the previous 12 months, a few of which embrace further analysis and growth of the long run bikes’ fashions, crystallisation of manufacturing pipelines and timelines.
With the assist of buyers, Scorpio Electrical is assured of reaching its ambition to change into a worldwide model within the electrical mobility area.
Featured Picture Credit score: Scorpio Electrical
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