Stark Future Electric Motorcycle Company Reports Profit
Laying Down the Pedal: Stark Future's High-Octane Profitability
Electric motorcycles have been a rocky ride, with many companies struggling to keep their engines running. Nevertheless, some have managed to find success, like Stark Future, the electric motorcycle whippersnapper shaking up the industry. This Barcelona-based badass just reported its first profitable quarter, thanks to its street-legal Enduro contender, the Varg EX.
Stark Future's CEO, Anton Wass, spilled the beans in a video call, informing us that the company posted an impressive €2.8 million ($2.98 million) profit on €18.3 million ($20 million) in sales. That's right; the company is now cash positive, baby!
According to Wass, the success lies in their deep technical vertical integration and focus on sustainable sourcing. By maintaining their production in Europe, they could ensure top-notch quality, optimize their processes, and minimize costs.
But it's their Varg models that are tearing up the tracks. These puppies, retailing between $9,999 and $12,990, have struck a chord with customers keen on quick urban transportation on the Varg EX and robust off-road performance with the MX. Both models share the same platform and architecture, with the EX serving as the street-legal, dual-sport option, while the MX is the hardcore off-road only machine.
The lighter weight Vargs offer mind-blowing acceleration due to their instant 764 pound-feet of torque and 80 horsepower electric motor. All this, without the pesky weight of gas, making the Varg EX a speedy and agile master on the road or trail.
Stark Future has faced stiff competition in the middleweight or "city plus" electric motorcycle space, but they've managed to carve out a niche for themselves. Up-and-comers like Land and its District models, established brands such as Zero with its new lightweight X-series bikes, and fresh players like Royal Enfield with its stylish Flying Flea machine and Can-Am with their new electrics are all gearing up for a brawl.
Despite the growing competition, Wass hinted that Stark is working on a new model based on the current architecture, but the details are still under wraps.
Tariffs are another wild card in Stark's future. Currently, they stand at a manageable 10% in Europe. However, if they increase, it could make breaking into the US market tricky. But Wass remains optimistic, as Stark's US sales volume is still negligible, with EU-based sales contributing the majority of their profits.
Wass expressed his desire to further penetrate the North American market and change the perception of electric street motorcycles. With their impressive growth and innovative products, Stark Future is definitely making a splash in the industry, so stay tuned for more!
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*Sources:_1. Forbes: Stark Future Debuts 'Varg EX' Street-Legal Electric MX Motorcycle2. Forbes: Stark Future Debuts Profitable Quarter Riding on Varg EX Electric Motorcycle3. Forbes: Forbes Long-Term Ride Review: Zero's SR/S Electric Motorcycle Raises The Bar Again4. BikeExif: Stark Future's ‘Varg EX’ Delivers 81 HP and 70 kW of Torque5. EVI2day: A Look at the 2021 Model Year of Stark Future's Varg Motorcycles
Technology continues to play a significant role in the success of electric motorcycle companies, as Stark Future showcases with their deep technical vertical integration and focus on sustainable sourcing. This Barcelona-based company, known for their street-legal Enduro contender, the Varg EX, has recently reported a profitable quarter, with their zero-emission electric motorcycles becoming the preferred choice for customers looking for quick urban transportation or robust off-road performance. Sports aficionados, take note, as Stark Future is making a splash in the industry with their innovative products, aiming to change the perception of electric street motorcycles and further penetrate the North American market in the future.
