Cleveland-based electric mobility and portable battery manufacturer LAND recently announced a new $3 million anchor investment to help scale production and innovation of its cloud-connected CORE battery system.
The CORE batteries – which are easy to charge and swappable – power LAND’s electric motorcycle, The District. And newly developed technology from the company allows users to distribute energy from the battery, offering a portable power source on and off the grid. By plugging in the ‘Power Tap’ accessory to the electric vehicle, consumers can charge other devices, including phones, laptops, and household appliances, through the USB-C port and standard plug.
LAND also closed a successful Series A round in September 2023, raising $7 million to upgrade its 30,000-square-foot facility and expand its team. And the funding helped LAND make more new vehicles last year than any previous year and enter a second production run of The District, including the Power Tap technology and onboard charging. The efficiencies also enabled the company to lower the price of the e-moto to $6,995, making it one of the most affordable e-motorcycles on the market in 2024.
Beyond providing riders with one of the smoothest and quietest two-wheel EV experiences, the greater vision behind LAND is to shape how consumers live, work, and play through decentralized energy systems, in which the CORE battery is the solution.
KEY QUOTES:
“Despite the economic slowdown, LAND continues to raise capital to bring all manufacturing under one roof, which allows the team to work efficiently, cost effectively and ship directly to customers, ensuring each e-moto is built with the same Cleveland-made quality. Now that we are assembling The District in-house, the next big step is to accelerate battery production at LAND.”
— LAND Founder and CEO Scott Colosimo
“Being able to make electric batteries in-house is a pivotal moment for the team. It allows us to ramp up battery manufacturing in 2024 and continue to innovate and improve the intuitive design of the battery, which then gives the rider an elevated experience.”
— LAND Head of Design Evan Painter
