Čezeta looking for partners; plans EUR 10m revenue

Published: 21.10.2020 Related countries:  Czech Republic Czech Republic

Czechoslovak Design Legend is for sale.

The electric-motorcycle manufacturer Čezeta is for sale. Current CEO Neil Eamonn Smith said that he was looking for financial and strategic partners to support a second production series whose goal was to produce machines at prices starting from EUR 6,000. The firm plans to sell 1,000 scooters by 2023. In 2024, it wants to have revenue of EUR 10m. Investments since the first production series have totaled EUR 2m.

Source: ČIA NEWS, October 21st, 2020
Compiled by the team of CzechTrade office in Riga.