Stark Future, a leading innovator in the field of Performance Electric Motorcycles and Technology, has signed a loan agreement with Banco Santander for €20 million. This strategic financing marks an additional milestone for the company and will serve as essential working capital, empowering Stark Future to scale up further and to faster achieve its ambitious production quantity targets for the globally acclaimed Stark VARG electric motocross bike.
Santander is a leading commercial bank, which supports corporate and institutional clients offering tailored services and value-added wholesale products. Ignacio Yllera Alfaro, executive director Growth Debt at Santander, said: “We are honored to be part of this journey, as it represents a step closer to our green finance targets. Stark Future is bringing sustainability to the motorcycle industry and the fully electric, high-performance motorcycle Stark VARG will take the sport to the next level.”
The decision to partner with Santander stems from their extensive experience in providing financial services to innovative and forward-thinking companies, along with their deep understanding of the evolving electric vehicle market. By leveraging the resources and expertise of Santander, Stark Future aims to solidify its position as a frontrunner in sustainable transportation and expedite the adoption of Premium Electric Motorcycles on a global scale.
Anton Wass, CEO of Stark Future, stated: “We are thrilled to announce our partnership with Banco Santander, a prestigious global financial institution, to address our working capital requirements. Santander’s exceptional financial expertise and immaculate reputation in the industry make them the ideal collaborator as we strive to fulfill the increasing demand for our groundbreaking Stark VARG electric motocross bike. This loan agreement will provide us with the necessary resources to expand our production capacity and successfully achieve our global expansion goals.”
The loan agreement between Stark Future and Santander is a testament to the confidence and support Santander has placed in Stark Future’s groundbreaking achievements in the electric vehicle market. With this significant financial backing, Stark Future aims to further revolutionize the off-road industry, catering to riders’ desires for unparalleled performance, versatility, and sustainability.
Stark Future, a leading innovator in the field of Performance Electric Motorcycles and Technology, has today announced a €20 million loan agreement with Banco Santander. The strategic financing marks an additional milestone for the company and will serve as essential working capital, empowering Stark Future to scale up further and to faster achieve its ambitious production quantity targets for the globally acclaimed Stark VARG electric motocross bike.
The decision to partner with Santander was fuelled by the bank’s extensive experience in providing financial services to innovative and forward-thinking companies, along with their deep understanding of the evolving electric vehicle market. By leveraging the resources and expertise of Santander, Stark Future aims to solidify its position as a frontrunner in sustainable transportation and expedite the adoption of Premium Electric Motorcycles on a global scale.
Ignacio Yllera Alfaro, executive director Growth Debt at Santander, said: “We are honored to be part of this journey, as it represents a step closer to our green finance targets. Stark Future is bringing sustainability to the motorcycle industry and the fully electric, high-performance motorcycle Stark VARG will take the sport to the next level.”
Anton Wass, CEO of Stark Future, added: “We are thrilled to announce our partnership with Banco Santander, a prestigious global financial institution, to address our working capital requirements. Santander’s exceptional financial expertise and immaculate reputation in the industry make them the ideal collaborator as we strive to fulfill the increasing demand for our groundbreaking Stark VARG electric motocross bike. This loan agreement will provide us with the necessary resources to expand our production capacity and successfully achieve our global expansion goals.”
The loan agreement between Stark Future and Santander is a testament to the confidence and support Santander has placed in Stark Future’s groundbreaking achievements in the electric vehicle market. With this significant financial backing, Stark Future aims to further revolutionize the off-road industry, catering to riders’ desires for unparalleled performance, versatility, and sustainability.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.