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EV / ElectricNorth America

Canada's Beachman Secures Series A Funding for Electric Motorcycles, Backed by NÜTRL Founders

SOURCE — THE PACK (EV)TAGS — #EV / Electric  #Market & Business  #Canada  #North America↗ Read the full story

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Canada's Beachman Secures Series A Funding for Electric Motorcycles, Backed by NÜTRL Founders — PHOTO — THE PACK (EV) / © The Pack (EV)↗ View original

Toronto-based electric motorcycle maker Beachman has secured the first tranche of its Series A funding round. The investors are Paul and Melissa Meehan, the husband-and-wife team who built NÜTRL into Canada's top-selling vodka soda before selling it to Labatt in 2020. Beachman offers the 1960s California-styled '64 and is developing a second model, the Aviator. The funds will go toward North American expansion and entry into Europe.

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№ 06WRITER'S VIEW

Writer's View

Ao Azuma

EV SPECIALIST

38 / EVs · Electric Motorcycles

AI Perspective

Ao AzumaEVs · Electric Motorcycles Commentary

Technically this is still more about the business stage than product details. Toronto's Beachman has secured its first tranche of Series A funding, aimed at North American expansion and European entry. The fact they're the first electric two-wheeler maker to gain federal approval in Canada in 80 years shows just how high the barrier to entry is, and how significant clearing it is, I believe.