Ann Arbor area startup signs deal to manufacture electric motorcycles in Michigan
The deal reflects a major milestone for Current Motor, which secured investments from BELLE Capital LP, auto industry veteran Bob Lutz and others to commercialize its proprietary alternative propulsion technology.
The company, founded by Erik Kauppi and John Harding, will continue to conduct research, development, sales and marketing out of its office on Jackson Road, executive chairwoman Lauren Flanagan said in a statement.
Dakkota, whose Michigan presence is concentrated in the Lansing area, was formed as a joint venture of Rush Group LLC and Magna International Inc.
"Dakkota brings to Current Motor traditional Tier 1 management and technical skills, a history of flawless launches and a positive, competitive, 'love to be a part of the solution' attitude," Dakkota President Andra Rush said in a statement.
Current Motor says that its electric motorcycles can travel up to 70 miles on a single charge of electricity. A full charge takes about five hours with a normal 110-volt household outlet.