Investor places big bet on Stark Future

Stark Future created a buzz when if first revealed its electric motocross bike, the Varg. Punters were very quick to throw their money at the Swedish-born, Spanish-based company, but the high demand caused some issues with production.

Now Stark has secured backing from a leading start-up investor called Big Bets. The financing deal sees a credit facility agreement of €25 million Euro.

According to a Stark press release, the agreement will help the company to “further expand its production capacity” and to “accelerate its ambitious goals for the Stark Varg electric motocross bike”.

In other words, the extra cash will help Stark build more bikes to meet the demand and honour customer orders.   

Big Bets is run by Anton Gauffin, an angel investor and video game magnate from Finland. Gauffin, who is also the founder of Huuuge Games, became an investor in Stark Future in 2022.

“We have high conviction in Stark Future and we find the journey seen so far as one of the most remarkable founder stories we have ever encountered,” Gauffin said in the press release. “We are committed to supporting its high growth trajectory and contributing to its success in the electric motorcycle industry.”

Stark CEO, Anton Wass, also commented on the increased support from Gauffin and Big Bets. “We are delighted to strengthen our partnership with Big Bets, a valued partner that shares our vision for innovation and sustainability,” said Wass.

“This credit facility will provide us with the necessary resources to drive our expansion and solidify our position as a leader in the electric motorcycle market.”

In late 2022, Eicher Motors, the parent company of Royal Enfield, purchased a 10.35 per cent stake in Stark Future.

While Stark is sill trying to keep up with the demand, the Varg is out in the wild, with some having already competed on the machine in various race series around the world.

Stark Future recently opposed MXGP plans to introduce a separate electric support class, instead proposing that electric bikes should be integrated into normal petrol-powered 250cc and 450cc competitions.