SUPER73® Raises $20 Million in Funding From Volition Capital | News Direct

SUPER73® Raises $20 Million in Funding From Volition Capital Exclusive video presented by Joel McHale captures the fun, adventurous spirit of Californian e-bike company

News release by SUPER73

facebook icon linkedin icon twitter icon email icon IRVINE, CA | February 17, 2021 07:50 AM Eastern Standard Time

SUPER73®, an American electric vehicle brand, based out of Orange County, California, announced today the close of a $20-million investment from Volition Capital, a Boston-based growth equity firm.




SUPER73 x Volition Announcement



Founded in 2016 by LeGrand Crewse, Michael Cannavo, and Aaron P. Wong, SUPER73® produces two-wheeled electric vehicles with a mission to fuse motorcycle heritage and youth culture. It has quickly grown into one of the most recognizable electric vehicle brands in the world, with a loyal and passionate customer base, which includes many A-list celebrities and professional athletes.



“We have always known that there was something special at SUPER73. It wasn’t just about creating a fun electric bike, it was about building a gateway to unlimited adventure and cultivating a true community. Volition Capital not only saw that same vision but believed in it. Together, we now have a real opportunity to take SUPER73 to the next level and help redefine the electric vehicle industry.” – Legrand Crewse, CEO of SUPER73.



After an impressive launch on Kickstarter, SUPER73 saw fast-paced growth, not only because its handsome, minimalistic e-bikes looked like nothing else at the time, but also because the company bucked the norms of the traditional electric bicycle industry. SUPER73 refused to become one of the many stale e-bike companies that exist solely to produce mass-market vehicles, and instead became a content-driven lifestyle brand that inspires adventure and creates community.



The company’s desire to be different is key to its success. In 2017, SUPER73 went viral after redesigning its first-generation e-bike to resemble a pair of Star Wars speeder bikes. These were ridden in costume through downtown Manhattan; the video has subsequently been viewed more than 10 million times on YouTube. SUPER73 continued to produce noteworthy hits including an appearance at New York Fashion Week, an international art exhibition with contemporary artist Tom Sachs, and a custom-built, 24-karat gold e-bike for Post Malone.



As the company continued to produce remarkable viral content, its popularity snowballed, and soon SUPER73 attracted the attention of big-name celebrities, athletes, and performers including Jack Black, Will Smith, and Madonna. What’s more, the brand earned their support without paid promotion or endorsement. Many more celebrity riders followed, including:



Anderson Silva



Andrew Schultz



Andy Milonakis



Avril Lavigne



Brett Conti



Cam Newton



Cara Delevigne



Casey Neistat



Chris Lake



Colin Hanks



Conan O'Brien



David Dobrik



Dennis Rodman



Devin Funchess



Diplo



Ed Bassmaster



Flosstradamus



Grayson Dolan



Greg Finley



Hayes Grier



iJustine



Jack Black



Jaime Foxx

Jared Goff



Jason Snell



Jenna Dewan Tatum



Jesse Wellens



Joel McHale



Justin Bieber



Kade



Kelly Ripa



Kelly Slater



Kevin Pouya



Klay Thompson



Lil Nas X



Logan Paul



Lukas Podolski



Madonna



Matt & Kim



Matt James



Meek Mill



Mitchell Whitfield



Neymar



Nina Dobrev



Paris Hilton



Phil Wickham

Philip Defranco



Post Malone



Rahul Kohli



Reggie Watts



Robbie Madison



Robert Pattison



Ryan Reynolds



Ryan Seacrest



Sam Sheffer



Scott Eastwood



Shaun White



Slander



Snoop Dogg



Sofitukker



Solomon Berg



Suki Waterhouse



Swae Lee



Todd Gurley



Tyler the Creator



Will Smith



Yes Theory



Zach Braff





Today, there are tens of thousands of SUPER73 riders and enthusiasts across more than 20 countries. The brand’s moto-inspired culture has created a new generation of “bikers,” who not only self-organize into regional “SuperSquad®” rider clubs but have also embraced the custom modification subculture. All over the world, fans of SUPER73 share their custom creations on social media and have helped to grow the “SuperSquad” community faster than ever. Today, SUPER73 has more than 430,000 followers across its content channels.



The brand continues to push the boundaries of innovation by frequently producing high-profile collaborations with unique partners including legendary French soccer club Paris Saint-Germain, Japanese streetwear brand NEIGHBORHOOD, and famed motorcycle designer Roland Sands. Mold-breaking projects like these have gained SUPER73 coverage in major publications such as Time Magazine, ESPN, Rolling Stone, GQ, Car & Driver, Men’s Journal, Motor Trend, Hypebeast and many more.



It’s been less than five years since SUPER73 came to life, but the company employs more than 75 people on two continents; in 2020 SUPER73 opened its first European headquarters in Amsterdam. And with the demand for SUPER73 e-bikes in Europe already outpacing the remarkable demand for its products in the U.S., there is no doubt this young company will see even more success with the support of Volition Capital and its $20-million growth investment.



“Super73 has all the ingredients to become a great consumer brand – fanatical customers, insatiable demand for its products, and a distinctive design philosophy,” said Larry Cheng, Managing Partner, Volition Capital. “It is one of the fastest growing companies we’ve ever invested in, and are poised to build a great new American brand as it leads the e-bike market for years to come.”





EDITOR’S NOTE

Please enjoy and share the video presented by Joel McHale, which captures the fun, adventurous spirit of SUPER73.

The video can be viewed and shared here: vimeo.com/507214778/5c3c68ed68

The video and high-resolution images are available for download here: dropbox.com/sh/f5z54y1stwqkdnt/AADvmzbZ-JBTBGYg6q_Q5om-a?dl=0




SUPER73-RX




ABOUT SUPER73®

SUPER73® is an American lifestyle adventure brand based in Orange County, CA that develops products to help fuse motorcycle heritage with youth culture. Founded in 2016, SUPER73 has quickly grown into one of the most recognizable electric vehicle brands in the world with a passionate customer base including A-list celebrities, professional athletes, and many more. For more information, visit super73.com or on social media @super73.



ABOUT VOLITION CAPITAL

Volition Capital is a Boston-based growth equity firm that principally invests in high-growth, founder-owned companies across the software, Internet, and consumer sectors. Founded in 2010, Volition has more than $1.1 billion in assets under management and has invested in more than 30 companies in the United States and Canada. The firm selectively partners with founders to help them achieve their fullest aspirations for their businesses. For more information, visit volitioncapital.com or follow us on Twitter @volitioncapital.






Contact Details

Christiana Mullen, Marketing Coordinator

+1 714-659-4883



Michael Cannavo, SUPER73 founder


Company Website

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