LAND Secures $3M Investment to Boost Electric Battery Manufacturing
Cleveland-based electric mobility and portable battery manufacturer LAND announces a new $3 million anchor investment to help scale production and innovation of its cloud-connected CORE battery system.
LAND closed a successful Series A round in September 2023, raising $7 million to upgrade its 30,000-square-foot facility and expand its team. The funds helped LAND make more new vehicles in 2023 than any year prior and enter a second production run of The District, which includes the Power Tap technology and onboard charging. The efficiencies also enabled the company to lower the price of the e-moto to $6,995, making it one of the most affordable e-motorcycles on the market in 2024.