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Minnesota-based Team Industries invests in Brammo

 Posted: 1:50 PM July 08, 2014

Bagley, Minn.-based Team Industries said today it will become an investor in electric motorcycle maker Brammo Inc..

Team Industries will design and develop drivetrains for the next generation of Brammo bikes, which moved to Talent at the beginning of the year.

"Both companies are innovators and we have a strong cultural fit between our two organizations," Team President and CEO David Ricke said in a statement. "The electric vehicle market is a growth market."

The amount of Team Industries' investment was not disclosed.

Team Industries joins Brammo strategic partners: Polaris, Flextronics, Parker Hannifin, Sevcon, Marzocchi, Sapa and Amber Composites.

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