Energica Motor Company S.p.A., the Italian electric sportsbike manufacturer, followed-up its successful part listing on the Milan Stock Exchange with news that the company is to move to new headquarters premises.
Part of the 45 year-old CRP Group of companies (whose origins were in high-tech manufacturing for F1), last year the Modena, Italy based manufacturer appointed UBS to help source funding solutions for volume production of its 'Ego' and 'Evo' models.
Energica also received final official accreditation from the NHTSA and EPA in the United States, meaning that the Energica Ego is a fully homologated electric sportsbike ready to be sold legally in the U.S.
Before EICMA last year the company announced that it was working for a listing to raise capital on Italy's Alternative Investment Market, and that listing took place at the end of January this year.
Intended to fund an initial production run of 244 motorcycles in 2016 and double that the year after by selling around 35 percent of its equity for between 5 and 7 million Euro, the listing made Energica not just the only e-vehicle business to list on its chosen market, but only the second such business to launch a public offering on any market in the world after Tesla in the United States.
Having been pronounced as a "best performer" on AIM Italia in the first three days of its offer, the company confirmed plans to move to a new 32,000 sq ft factory in Modena, in Italy's famed "Motor Valley".
