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LAND Secures $3M Investment to Boost Electric Battery Manufacturing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: LAND

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.

Read more at PR Newswire