Zero Motorcycles, Inc. Gets $26 Million Investment‏

-- Led by Invus LP, the investors behind Zero Motorcycles have committed additional capital to fuel its expansion--

SANTA CRUZ, CA (March 17, 2011)  – Zero Motorcycles, the global leader in the electric motorcycle industry
announced today it has raised $26 million in additional financing from
its investor group, led by Invus, LP. The financing closed on March 3^rd,
2011 with $17 million invested and the potential for an additional $9
million over the coming months as the company continues to grow.

“With this investment, we will continue to ramp up our US-based
production while rapidly expanding our global sales footprint. Our new
2011 lineup of California-designed and assembled electric motorcycles
has been very well received by the market and press, and we intend to
further accelerate growth and enhance our leadership position. We are
continuing to commit significant R&D resources to our electric
drivetrain technology, and are building the leading supply chain in the
industry through our own efforts and our partnering with world-class
suppliers. The company has the strong financial footing it needs to
expand the business and move the state of electric motorcycle
development rapidly forward,” said Zero, CEO, Gene Banman.

Invus, LP has been the principal investor in Zero Motorcycles since its
initial investment in April 2008. “Zero Motorcycles is well positioned
to lead the motorcycle industry in new directions where electric
propulsion offers unique advantages over traditional gas-powered
motorcycles. As Zero’s electric powertrain technology continues to
advance, we see the potential for Zero to make ever-increasing inroads
in the motorcycle market,” said Aflalo Guimarães, Managing Director of
The Invus Group. “We are enthusiastic in our support of the company.”

About Zero Motorcycles:

Zero Motorcycles is headquartered near the city of Santa Cruz in
Northern California, where Zero Motorcycles designs and assembles 100%
of its world-wide production of motorcycles, of which over 50% are
exported to Europe, Canada, Australia and elsewhere. It has over 70
employees in California and Europe. Zero Motorcycles is the next step
in motorcycle evolution and represents the ultimate electric motorcycle
technology. Unencumbered by conventional thinking about how to design,
manufacture, and sell high performance electric motorcycles, we are on
a mission to turn heads and revolutionize our industry by combining the
best aspects of a traditional motorcycle with today’s most advanced
technology.

About The Invus Group:

Invus is a global private investment firm managing approximately $4
billion of capital in an evergreen structure. Its principals work out
of offices in New York, Boston, London, Paris, and Hong Kong. Over its
26-year history, Invus has partnered with management teams in a wide
range of industries, including consumer packaged goods, consumer
services, specialty retailing, software, telecommunications, clean
technologies, medical devices, and biotechnology, producing rates of
return at the very top of the private equity industry.

FOR MEDIA: For more information, contact (951) 719-1040, media@zeromotorcycles.com.

For more information on Zero Motorcycles or to learn more about its
complete motorcycle line including the Zero S, Zero DS, Zero MX, Zero
X, and Zero XU motorcycles, visit: http://www.zeromotorcycles.com.

For more information on The Invus Group visit: http://www.invus.com/.