It has been an impressive four years for Spanish electric vehicle (EV) company Stark Future SL, as they celebrate their first month of EBITDA profitability and record-breaking revenue. This achievement marks a significant milestone for the company, highlighting their rapid growth and operational efficiency.
Stark Future SL CEO, Anton Wass, commented on this accomplishment, stating, “Reaching EBITDA profitability ahead of our forecast is a monumental accomplishment for Stark Future. It showcases our team’s dedication, strategic vision, and the strong market demand for our innovative products.”
In June 2024, Stark Future SL recorded an all-time high revenue of 10.4 million EUR, with an EBITDA of 210,000 EUR. This impressive growth trajectory sets Stark Future apart from its competitors in the EV industry, positioning them as one of the fastest-growing startups in Spanish history and among the fastest globally.
CFO Thomas Martin added, “As we celebrate our record-breaking sales exceeding 10 million EUR this month and our first positive EBITDA, we are thrilled to demonstrate a clear path towards a profitable future. This milestone is a testament to our robust growth and operational excellence.”
Stark Future’s success can be attributed to its strategic focus on efficiency and growth. By lowering costs and increasing revenue, the company has achieved profitability earlier than projected. This achievement showcases Stark Future’s position as a leading player in the EV market and a trailblazer in the startup ecosystem.
Founded in 2020, Stark Future SL was established to revolutionize the motorcycle industry. With a team of experienced individuals passionate about innovation and sustainability, the company quickly made a name for itself. In 2021, Stark Future built the first electric motorcycle that exceeded the performance of its ICE counterparts, establishing itself as a formidable player in the motorcycle industry.
In December 2021, Stark Future achieved the most successful launch of any motorcycle company in history, receiving 850 orders within the first 24 hours without any marketing spend. This unprecedented success highlighted the strong market demand for Stark’s innovative products.
To meet the growing demand, Stark Future established a state-of-the-art 20,000 m² factory near Barcelona in 2022. Equipped with advanced robotic assembly lines, the facility enhances production capacity and ensures high-quality standards. That same year, Royal Enfield, the world’s 5th largest motorcycle manufacturer, invested 50 million euros in Stark Future, providing significant financial backing and affirming the company’s position as a contender in the motorcycle industry.
In 2023, Stark Future began production and delivered the first few thousand bikes to customers, demonstrating their ability to scale operations and fulfill market demand effectively. They also began developing road-legal models, expected to be even more groundbreaking, positioning the company for further market expansion.
By 2024, Stark Future is on track to become the world’s largest electric motorcycle manufacturer, (excluding scooters and kids’ bikes). This achievement underscores their rapid growth and market leadership. The company is also set to become the fastest-growing Spanish startup in history, driven by innovative products, strong financial performance, and global market reach.
In 2025, Stark plans to launch its first road-legal models, further expanding their product portfolio and solidifying their position as a leader in the motorcycle industry. With a clear path to sustained profitability and a commitment to delivering cutting-edge electric motorcycles, Stark Future is poised for even greater success in the years to come.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.