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USA: The Daily Start-Up: Electric Motorcycle Maker Brammo Aiming at $1B+ IPO

Electric motorcycle maker Brammo, which just raised $13 million, is taking a page from the Tesla Motors handbook and applying it to the powersports sector, hoping that a similarly successful IPO will be in the cards one day. “Our goal is to have a greater than a billion dollar IPO,” said Chief Executive Craig Bramscher. It’s a level of ambition that’s not often heard in today’s clean-tech world.

Betting that carriers need help parsing spectrum to the growing league of mobile subscribers, Samsung’s venture group has made a strategic investment in Stoke. In exchange for some equity, the mobile gateway company will receive $5 million from the electronic giant’s venture arm, bumping total outside investment to $97 million.


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