Lightning strikes once: Electric firm offers chance to buy shares

Time is running out to become an investor in the electric revolution as the option to purchase chares in Lightning Motors, makers of the 200+mph LS-218, runs out at the end of the week.

Founded in 2006 by financial specialist Richard Hatfield in California, the first Lightning motorcycle was a converted Yamaha R1 using the then latest, lithium battery technology.

Three years later and the first, ground up Lightning set a land-speed record for its class at the Bonneville Salt Flats. The company’s bikes have gone on to win the first North American Zero Emissions Championship, the Pikes Peak International Hill Climb and became the first electric motorcycle to exceed 200mph.

The company has recently partnered with battery specialists Enevate and now claim charge times from 20% to 90% in 12 minutes and produce three models, the LS-218, Strike R and Strike C.

In June last year it was announced that the company may soon branch out to produce an all electric adventure motorcycle based on the Strike models DNA.

Now the company is looking to raise a maximum of $5M from the sale of almost eight million shares, priced at $10.56 each. With the funds Lightning will, among other things, upscale production and inventory and invest in new tooling.

A minimum purchase of ten shares is required and potential investors have until April 28 to snap up shares. For more information visit the Lightning shares website.