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Exclusive: Zero Motorcycles is raising $120 million

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Zero is in the process of closing a new funding round for a little bit more than $120 million .

The company confirmed to TechCrunch that it’s raising the money and that it will be used for expansion and to fund new models.

It's Zero's first funding round since the company raised $107 million in 2022 from Polaris and India ’s Hero MotoCorp .