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Verge Motorcycles

Category: AI in Climate / Energy

A high-performance electric vehicle manufacturer that produces 'software-defined' motorcycles featuring a patented hubless ring motor and an integrated AI-driven digital ecosystem. Verge Motorcycles was founded in 2018. The company is led by Tuomo Lehtimäki. Based in Helsinki, Finland. Team size: 51-200. Total funding raised: $25.4M. Latest round: Series A, €20.0M, 2023-04, led by Springvest Oyj. Key investors include ["Springvest Oyj","First Fellow Partners","Risto Siilasmaa"].

Founded
2018
Headquarters
Helsinki, Finland
Team size
51-200
Total funding
$25.4M

Value proposition

Delivers industry-leading torque (1200 Nm) and a futuristic aesthetic through a unique hubless motor design, paired with a software platform that improves vehicle safety and performance over time via OTA updates.

Products and solutions

["Verge TS Ultra (Flagship model with 1200 Nm torque)","Verge TS Pro (Mid-range performance model)","Verge TS (Standard model)","Starmatter AI Platform (Software-defined vehicle architecture)","Verge HMI (Human-Machine Interface powered by Unreal Engine)"]

Unique value

The world's first commercial application of a hubless electric ring motor, where the motor is integrated directly into the rear wheel rim, eliminating the need for chains, belts, or gears.

Target customer

Premium electric vehicle enthusiasts, tech-forward motorcyclists, and luxury automotive collectors seeking high-performance alternatives to traditional internal combustion engines.

Industries served

["Electric Vehicles (EV)","Automotive Technology","Artificial Intelligence","Advanced Manufacturing","Consumer Electronics"]

Technology advantage

The 'Starmatter' platform integrates 360-degree spatial awareness (using radar and cameras) with AI to provide real-time rider safety alerts. The hubless design also allows for a lower center of gravity and superior thermal management compared to traditional hub motors.

How they differentiate

Proprietary hubless electric ring motor (eliminating chains/belts) and the 'Starmatter' AI platform featuring 360-degree spatial awareness and Unreal Engine-powered HMI.

Main competitors

["LiveWire (Harley-Davidson)","Zero Motorcycles","Arc Vector"]

Key partnerships

["Epic Games (Utilizing Unreal Engine for the vehicle's digital interface)","First Fellow Partners (Strategic investment and advisory led by Risto Siilasmaa)","Amazon Web Services (Cloud infrastructure for Starmatter data analytics)"]

Notable customers

["Premium EV enthusiasts","Tech-forward luxury collectors","Mika Häkkinen (Brand Ambassador & Signature Edition collaborator)"]

Major milestones

["Successful rebranding from RMK Vehicles to Verge Motorcycles in 2020","Launch of flagship TS Ultra model at CES 2023","Closing of €20M Series A funding round in April 2023","Introduction of the Starmatter AI and software platform in 2024"]

Growth metrics

Secured €20M in 2023 to scale global production and fund the establishment of US headquarters and retail presence.

Market positioning

Ultra-premium, software-defined electric motorcycle manufacturer targeting the luxury performance segment.

Geographic focus

Primary focus on the European Union (Finland, Germany, Monaco) and the United States (California and Florida expansion).

Patents and IP

Holds multiple international patents for the hubless electric motor architecture, rim-integrated cooling systems, and structural battery-to-chassis integration.

About Tuomo Lehtimäki

Marko is a prominent Finnish serial entrepreneur and technologist. He was the Founder and CEO of AppGyver, a pioneering no-code platform acquired by SAP in 2021. Following the acquisition, he took the helm at Verge Motorcycles to scale their hardware-software integration. He is known for his expertise in UX/UI, software architecture, and scaling venture-backed startups.

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