Brammo raising money for global expansion with private stock offering

According to a filing with the Securities and Exchange Commission, Brammo has entered a second round of capital raising by offering $30 million worth of company stock for private sale. The Ashland, Oregon-based manufacturer of electric motorcycles raised $11 million in its initial round back in 2008. Having already developed a range of electric motorcycles and announced a deal with Flextronics to make use of the electronics giant’s global manufacturing facilities, the additional money is likely needed to expand Brammo’s dealer network and grow brand awareness in new markets.

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