Harley-Davidson’s electric motorcycle division, LiveWire, is listed on the New York Stock Exchange through a merger with SPAC firm AEA-Bridges Impact Corp. About this announced in a Harley-Davidson press release.
After going public, the preliminary valuation of the unit will be $1.77 billion. As part of the deal, LiveWire will get access to SPAC funds of $400 million. Another $100 million will be allocated as an investment in the company’s equity capital by strategic partners – Harley-Davidson and the Taiwanese scooter manufacturer and KYMCO motorcycles.
The company will use these funds to improve products and expand production. The closing of the deal is expected in the first half of 2022.
The LiveWire division has arrived at Harley-Davidson for 2019. In addition to electric motorcycles, it also produces STACYC electric bicycles for children. Harley-Davidson will retain a 74% stake in the company, AEA-Bridges Impact will own 17%.
