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- Stark Future
Stark Future Revenue, Valuation, Funding & Investors
Stark Future is valued at $555M as of December 2022, a 4.2x multiple on its last reported $132M revenue.
Last Stark Future valuation
$555M
Strategic investment · Dec 2022
Last Stark Future funding round
$54M
Strategic investment · Dec 2022
Stark Future revenue
$132M
Strategic investment · Dec 2022
Key investors in Stark Future
Kichi Invest
Eicher Motors
Tom Nylund
About Stark Future
Stark Future is a Barcelona-headquartered manufacturer of electric motocross motorcycles founded in 2019. The company produces the Stark VARG model, featuring 80 horsepower, a silent electric motor, smartphone-integrated dashboard, and customizable setup via mobile app. Stark Future incorporates dozens of patents in battery and chassis technology to deliver high-performance off-road vehicles aimed at reducing emissions in motorsports.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$132M (Dec 2022)
Valuation
$555M (Dec 2022)
Stark Future Valuation
Stark Future is currently valued at $555M, based on its strategic investment round in December 2022.
The $54M round was led by Eicher Motors.
Stark Future valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2022 | Strategic investment | $555M | 4.2x |
Stark Future Revenue
Stark Future's latest recorded revenue is $132M, as of its strategic investment round in December 2022. At a $555M valuation, that implies a 4.2x revenue multiple.
Stark Future revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2022 | $132M | $555M | 4.2x | Strategic investment |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Stark Future Funding History
Stark Future has raised a total of $59M across 2 funding rounds.
Stark Future's first fundraising round was a $6M seed round in December 2021. The most recent completed round was a $54M strategic investment round in December 2022.
Stark Future funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2022 | Strategic investment | Eicher Motors (lead) | $54M | $555M | Stark Future is a Spanish electric motorcycle manufacturer specializing in high-performance models like the Stark VARG, focusing on electric motocross and enduro bikes that outperform internal combustion engine counterparts. The company aims to challenge the motorcycle industry with innovative EV technology, lightweight components, and superior performance, having delivered its first products two years prior to later funding rounds and expanded distribution to over 70 countries. On December 29, 2022, Eicher Motors Ltd., parent of Royal Enfield, announced a strategic investment of €50 million for a 10.35% equity stake in Stark Future SL, implying a post-money valuation of approximately €483 million. This deal, completed in one or more tranches by January 31, 2023, grants Eicher a board seat and sets the stage for collaboration in R&D, technology sharing, technical licensing, and manufacturing of electric motorcycles. The partnership addresses EV challenges in leisure motorcycles, such as battery range and weight, while supporting Stark's industrialization and market entry. Later developments include additional funding, such as a €100 million+ equity round in September 2025 from existing shareholders and MotoGP investors, and loans like $44.49M in September 2024, building on prior raises totaling over $119M across multiple rounds. Stark Future claims sustained profitability within six years of founding, with rapid revenue and profit growth, thousands of riders, and tens of millions of kilometers ridden. |
| Dec 2021 | Seed | Kichi Invest (lead); Tom Nylund | $6M | - | Stark Future raised SEK 50 million (approximately $5.5M USD) in a capital funding round on December 11, 2021, from investors Kichi Invest and Tom Nylund. The company operates in the automotive manufacturing industry, focusing on electric motorcycles. |
Who has invested in Stark Future?
3 investors have backed Stark Future across its funding rounds, including Kichi Invest, Eicher Motors and Tom Nylund.
Lead investors include Eicher Motors and Kichi Invest.
Stark Future Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Dec 2021 | ||
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Start Free TrialStark Future Competitors
Stark Future competitors include listed companies like Einride and Voyah, and private ones like Lordstown Motors, Taiga Motors, Singulato Motors and Atlis Motor Vehicles.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $47M | ($93M) | $570M | - | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $392M | - | ||
| Publicly listed | $5.2B | $562M | $883M | 0.1x | ||
| Private | - | - | $900M | - | ||
| Private | - | - | $950M | - |
Stark Future Public Comps
Stark Future is still privately-owned, but its public comps include Delek Automotive Systems, Amotiv, Einride, Solid Power, Zaptec, EV Motors, Phoenix Bicycle, Lotus Technology, Kempower and Aston Martin Lagonda.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2B | $253M | 1.4x | - | 11.0x | - | |||
| $728M | $139M | 1.3x | 1.3x | 6.6x | 5.6x | |||
| $47M | ($93M) | 12.3x | - | (6.2x) | - | |||
| $18M | ($87M) | 19.3x | 38.3x | (4.0x) | (4.3x) | |||
| $163M | $12M | 3.0x | 2.5x | 42.0x | 22.1x | |||
| $411M | $2M | 1.3x | 0.8x | 223.3x | 52.8x | |||
| $322M | $30M | 1.6x | - | 16.8x | - | |||
| $519M | ($360M) | 4.5x | 4.0x | (6.5x) | (7.9x) | |||
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Common questions about Stark Future
| When was Stark Future founded? | Stark Future was founded in 2019. |
| Where is Stark Future headquartered? | Stark Future is headquartered in Barcelona, Spain. |
| Is Stark Future publicly listed? | No, Stark Future is a private, VC-backed company. |
| What is Stark Future's valuation? | Stark Future was last valued at $555M in its strategic investment round in December 2022. |
| How much funding has Stark Future raised? | Stark Future has raised $59M across 2 funding rounds. |
| What was Stark Future's last funding round? | Stark Future's last funding round was a $54M strategic investment round in December 2022, led by Eicher Motors. |
| Who are Stark Future's investors? | Stark Future's investors include Kichi Invest, Eicher Motors and Tom Nylund. |
| What is Stark Future's revenue? | Stark Future's latest recorded revenue is $132M (December 2022). |
| What is Stark Future's revenue multiple? | Stark Future's latest valuation implies a 4.2x revenue multiple ($555M valuation on $132M of revenue). |
| Which companies are comparable to Stark Future? | Companies comparable to Stark Future include Einride, Lordstown Motors, Taiga Motors, Voyah, Singulato Motors and Atlis Motor Vehicles. |
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