Current Motor Co., a Scio Township-based startup that's developing electric motorcycles, won the Great Lakes Entrepreneur's Quest's "emerging companies" mid-year competition.
The $5,000 award, announced Thursday night at the Annual Collaboration for Entrepreneurship event at Ann Arbor's Skyline High School, is a recognition of the company's technology and business strategy.
Peter Scott, chief operating officer of Current Motor, said the firm expects to deliver its first electric motorcycle next week. He said the company is aiming to produce 150 bikes this year and raise $2 million in capital in 2011.
The company's electric motorcycles can travel 80 miles on a single charge of electricity. Prices start at $5,500.
"Our bike requires little maintenance, no gas and (has) zero emissions," Scott said.
Diane Durance, executive director of GLEQ, said the organization's business competitions drew 175 entries, up from 47 just two years ago.
Ypsilanti-based RealKidz, which makes plus-size clothes for young girls, won the $2,500 second-place prize. Ann Arbor-based health care information technology firm White Pine Systems won the $1,500 third-place prize.
Contact AnnArbor.com’s Nathan Bomey at (734) 623-2587 or nathanbomey@annarbor.com. You can also follow him on Twitter.
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