Power in Flux
  • Zero Motorcycles Seeks Reinvention as CEO, Founder Exit

    Attachment 969

    By Josie Garthwaite on April 5, 2011
    Published on GigaOM

    For electric motorcycle maker Zero Motorcycles, springtime is shaping up to be a season of change. The company announced today that CEO Gene Banman, who has led the startup since 2007, is retiring. This comes just about a month after Zero raised $17 million and saw co-founder Neal Saiki step down from his role as chief technology officer. Founded in early 2006 in Santa Cruz, Calif., Zero builds street and dirt bikes that run on lithium-ion batteries and sell for about $10,000. By 2007 it had found some high-profile customers, including Google founder Larry Page. The company is in the midst of a common phase in startup growth where new money comes in, old leadership exits, and seasoned executives step up to try and bring the company into the big leagues.


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    Comments 1 Comment
    1. A-Bomb's Avatar
      A-Bomb -
      Sounds like a good plan, which should lead to more availability, better bikes and maybe even better prices.
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