LAND Closes Series A Round ‘Oversubscribed’

The e-Moto manufacturer has raised more than $7 million to date.

Cleveland-based electric mobility and battery manufacturer LAND announced the close of a successful Series A round. The electric motorcycle maker exceeded fundraising expectations by more than $1 million in this latest round. The company also closed an oversubscribed seed round. In response to interest from new investors, LAND is now launching a $15 million convertible note to further fuel its growth.

“LAND has continuously hit our business and production goals, and this ability to execute has resonated with our investor community,” LAND CEO and Founder Scott Colosimo said. “We have opened our $15 million convertible note round to scale up production and expand globally.”

The Series A round was led by Ancora, with participation from several other notable investors. Over the summer, LAND leveraged some of the fresh funds to renovate its 30,000-square-foot manufacturing facility, which includes a modern assembly line and larger design and development center. LAND has also expanded its team and doubled the size of its production staff to be able to ramp up production. Among the new company hires are Tim Leedom, chief revenue officer, and Chris Davis, head of production.

“It is a time of growth at LAND,” Colosimo added. “Not only is our team bigger, but we’re gearing up to expand our portfolio of electric offerings this fall.”

In 2020, LAND debuted its flagship e-Moto, The District, which combines the ease of use of an electric bike and the power of an electric motorcycle into one two-wheel vehicle. Featuring three speed settings — e-Bike (up to 27 mph), e-Moped (up to 40 mph) and e-Motorcycle (70-plus mph) — The District is a versatile option that meets the needs of a range of riders, from beginners to off-road enthusiasts and experienced motorcyclists. The e-Moto is powered by a swappable electric battery pack (CORE), also designed and developed by LAND, that has a range of 120 miles per battery.

LAND’s convertible note round will allow the company to continue to scale e-Moto production and sales in the U.S. and expand internationally within the next year.

“We are thrilled to take the wheel and provide our backing to a Northeast Ohio company that is driving energy independence forward,” Ancora Chairman and CEO Fred DiSanto said. “LAND’s successful second financing round, oversubscribed and with tremendous momentum, is now complemented by the launch of a $15 million convertible note, propelling their growth even further.”

For more information, visit landmoto.io.

You May Also Like

The Exclusive Aprilia Pro Experience Is Back

Special guests include Aprilia Racing MotoGP riders Aleix Espargaró and Maverick Viñales as well as MotoGP Legend Max Biaggi.


The Aprilia Pro Experience is back, a dream day that allows a limited number of enthusiasts to get on the track with some of the best riders in the world as coaches.

The event will take place at Misano World Circuit on Sunday, June 9, following the 2024 edition of Aprilia All-Stars — the enthusiast event starring the riders and bikes which have produced the most victories in World Championship GP Motorcycling with Aprilia — which will liven up the Romagna track on Saturday, June 8.

REV’IT! Opens 1st Store in Denver

REV’IT! has set up its store to also be a community hub.

REV'IT! Denver store
Trader Interactive’s New TraderConnect Embeds Dealer Listings in OEM Websites to Increase Leads

TraderConnect showcases RV, Cycle, Commercial Truck and Equipment Trader listings.

Trader Interactive logo
Triumph Launches Online Clothing Shop and Heritage Collection in the U.S.

Many customer will be able to shop the Triumph Heritage Collection for the first time.

Triumph Online Clothing Shop
Turn 14 Distribution Adds Several Companies to the Line Card

Turn 14 added RK Chain, Hinson Clutch, Athena and Maxima Racing Oils to its offerings.

RK Chain, Hinson Clutch, Athena, Maxima Racing Oils

Other Posts

Introducing the New Ryvid Outset Electric Motorcycle

The new Ryvid Outset will sell for just $5,995, with the Ryvid Anthem reduced to only $6,495.

2024 Ryvid Outset
Segway Powersports Experiences Record Growth in Q1 Amidst a Flat Market

The off-road powersports vehicle manufacturer continues to increase its U.S. market share with record year-over-year Q1 sales figures and new dealer signups.

Segway Villain
Parts Unlimited Welcomes New South Central Region Sales Rep

Romero comes with several years of powersports experience at the distributor level.

Anthony Romero
VP Racing Named Official Powersports Oil for Giaccmoto Yamaha Racing

VP powersports engine oils are also the choice of championship teams in the MotoAmerica series.

VP Racing logo