Stark Future Surpasses Tesla To Achieve Record Profitability In Just Two Years

Royal Enfield-backed Spanish performance electric bike company, Stark Future, just created history by recording its highest-ever monthly revenue of €18.3 million (₹1,753.54 crore) in just two years of commencing commercial sales. This puts it as the fastest growing electric two-wheeler company in the world, wherein it even surpassed Tesla, which took 17 years to achieve sustained profitability despite earning billions of dollars annually selling regulatory credits to other automakers. 

"We have been steadily approaching this profitability event, driven by the popularity of the off-road VARG MX, but the phenomenal reception of the newly available Stark VARG EX, the company's groundbreaking street-legal Enduro model, has brought this landmark occasion," noted Anton Wass, CEO of Stark Future

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Stark Future’s latest accomplishment comes as a breath of fresh air, especially when several EV manufacturers based out of Europe and the West are shutting shop due to poor demand. Brands like Damon Motorcycle and even Harley-Davidson are struggling to move their pure electric products. But with Stark Future, the brand had been very careful and calculative by offering motocross and enduro bikes. With these formats, the company could make lightweight, purpose-built bikes that are rugged and at the same time quite feature-rich as well.  

For example, the Stark Varg MX is powered by a 6.5 kWh battery paired to an 80 bhp electric motor. The motor itself weighs just 9 kg, and its peak power is 30 per cent more than a conventional 450 cc bike. “"We will continue to innovate at the component level and in the greater model range so electric motorcycles in all categories can outperform traditional machines in every way," added Paul Soucy, Stark Future CTO. So, more performance-oriented off-road machines from Stark Future can be expected.