Barcelona-based electric off-road bike firm Stark has announced its first month of EBITDA (earnings before interest, tax, depreciation, and amortisation) profitability and a new revenue record. In June 2024, four years after launch, the firm notched up €10.4m in revenue in its first profitable month.
Anton Wass, CEO of Stark Future SL, said, “Reaching EBITDA profitability ahead of our forecast is a monumental accomplishment. It showcases our team’s dedication, strategic vision, and the strong market demand for our innovative products. This milestone validates our sustainable business model and propels us further on our mission to revolutionise the motorcycle industry.”
The company has captured headlines with its high-performance battery-powered motocross bike technology and has attracted investment from firms such as Royal Enfield. It has also announced that it will be releasing its first road-legal bikes in 2025.