The acquisition of Harley Davidson’s E-Bike Company, Serial 1 Cycle Company, LLC., by
Life EV has been completed. Life EV is now officially the controlling party with 91.01% of
ownership. Bike Lane LP, a Lane VC SVP, was issued 8.99% of Serial 1 equity in a debt
conversion at closing where their $7.41MM Note was exchanged at an $82.41MM post
money valuation.
Furthermore, with the acquisition closed, Life EV required a new Headquarters building for
both Life EV and Serial 1 to call home. 601 Fairway Drive, Deerfield Beach, FL 33441 has
been secured as of August 1st and Life EV begins the move process on Monday, August 7th
The facility is a free standing 2 story building with I-95 Highway Frontage and sits on
approximately 3 acres. There are over 100 parking spaces and a truck court which has a 2nd
duty: e-bike testing grounds. The building incorporates 10,000SF of Office Space, 22,000SF
of Production and Warehousing Space plus a designated area for a 5,000SF Flagship Store
with the acquisition of Sierra E-Bike expected to close during the month of August.
Have not seen or read anything lately.
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