Polaris and Zero Motorcycles Named to Fast Company’s Annual List of the World’s 50 Most Innovative Companies 2022
March 08 2022 - 9:03AM
Business Wire
- Polaris and Zero Motorcycles lauded for their joint venture to
deliver category-defining electric powertrains to powersports
through their 10-year exclusive partnership in off-road vehicles
and snowmobiles
- The first vehicle born out of the partnership - the
all-electric RANGER XP Kinetic - was launched in December 2021 and
sold out in a matter of hours
Today, Fast Company announced its annual list recognizing the
World’s Most Innovative Companies for 2022, and honored the
partnership between Polaris (NYSE: PII), the global leader in
powersports, and Zero Motorcycles, the global leader in electric
motorcycles and powertrains, as one of the most innovative joint
ventures. The annual list of Fast Company’s Most Innovative
Companies has been the definitive source for recognizing the
organizations that are transforming industries and shaping society
since 2008.
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Fast Company announced its annual list
recognizing the World’s Most Innovative Companies for 2022, and
honored the partnership between Polaris, the global leader in
powersports, and Zero Motorcycles, the global leader in electric
motorcycles and powertrains, as one of the most innovative joint
ventures. In 2020, Polaris and Zero Motorcycles announced a 10-year
exclusive partnership with the goal to offer category-defining
electric vehicles in off-road vehicles and snowmobiles. In December
2021, the first vehicle from the partnership - the all-electric
RANGER XP Kinetic - was launched. (Photo: Business Wire)
In 2020, Polaris and Zero Motorcycles announced a 10-year
exclusive partnership with the goal to offer category-defining
electric vehicles in off-road vehicles and snowmobiles. The
partnership is leveraging Polaris’ powersports leadership and
scale, and Zero Motorcycles’ proven expertise in electric
motorcycle powertrains and technologies to produce transformative
electric off-road and snow vehicles. Just a year after the
partnership was announced, Polaris and Zero launched the first
vehicle - the all-electric RANGER XP Kinetic.
“As the global leader in powersports, we are committed to
rider-driven innovation - to listen and learn from our customers
and design our products accordingly,” said Mike Speetzen, CEO of
Polaris. “We are moving to electric in a purposeful manner. Polaris
and the Zero Motorcycles teams have capitalized on their respective
strengths and shared passion for innovation, to accelerate our
development of category-defining vehicles that take advantage of
the benefits of electric powertrains. The RANGER XP Kinetic is the
first example of what this partnership will deliver: by leveraging
an electric powertrain we were able to deliver the most capable,
most durable and highest performing Polaris RANGER ever, designed
specifically for our utility customers’ needs.”
"The combination of our industry-leading electric powertrain
technologies and expertise with Polaris’ category-leading products
will accelerate electrification within the powersports industry,”
said Sam Paschel, CEO of Zero Motorcycles. “The RANGER XP Kinetic
is the first proof point of that and we look forward to many more
game changing collaborations to come."
Launched in December 2021, the RANGER XP Kinetic sold out in
just over two hours. Its electric powertrain offers best-in-class
torque and allows for precise control when towing heavy loads or
operating in challenging environments, plus, the quiet ride makes
for easy conversation, ability to ride around wildlife or
livestock, and the option to work at all hours without disturbing
anyone.
This year’s World’s Most Innovative Companies list honors
businesses that are making the biggest impact on their industries
and culture as a whole —ultimately thriving in today’s
ever-changing world. These companies are creating the future with
some of the most inspiring accomplishments of the 21st century.
About Zero Motorcycles
Zero Motorcycles is the global leader in electric motorcycles
and powertrains. Designed and crafted by hand in California, Zero
Motorcycles combines Silicon Valley technology with traditional
motorcycle soul to elevate the motorcycling experience for
intelligent, innovative riders around the world.
About Polaris
As the global leader in Powersports, Polaris Inc. (NYSE: PII)
pioneers product breakthroughs and enriching experiences and
services that have invited people to discover the joy of being
outdoors since our founding in 1954. With annual 2021 sales of $8.2
billion, Polaris’ high-quality product line-up includes the Polaris
RANGER®, RZR® and Polaris GENERAL™ side-by-side off-road vehicles;
Sportsman® all-terrain off-road vehicles; Indian Motorcycle®
mid-size and heavyweight motorcycles; Slingshot® moto-roadsters;
snowmobiles; and deck, cruiser and pontoon boats, including
industry-leading Bennington pontoons. Polaris enhances the riding
experience with parts, garments, and accessories, along with a
growing aftermarket portfolio, including Transamerican Auto Parts.
Polaris’ presence in adjacent markets includes military and
commercial off-road vehicles, quadricycles, and electric vehicles.
Proudly headquartered in Minnesota, Polaris serves more than 100
countries across the globe. www.polaris.com
Forward-Looking Statements
Except for historical information contained herein, the matters
set forth in this presentation and discussed in the corresponding
investor presentation are forward-looking statements that involve
certain risks and uncertainties that could cause actual results to
differ materially from those forward-looking statements. Potential
risks and uncertainties include such factors as: the severity and
duration of the COVID-19 pandemic and the resulting impact on the
Company’s business, supply chain, and the global economy; the
Company’s ability to successfully implement its manufacturing
operations expansion and supply chain initiatives; the Company’s
ability to successfully source necessary parts and materials and
the ability of the Company to manufacture and deliver products to
dealers to meet increasing demand and to bring dealer inventory
levels back to optimal levels; the continuation of the increasing
consumer demand for the Company’s products; product offerings,
promotional activities and pricing strategies by competitors;
ability to innovate and commercialize new products (including the
ability to commercialize electric vehicles currently in testing);
economic conditions that impact consumer spending; disruptions in
manufacturing facilities; acquisition integration costs; product
recalls and/or warranty expenses; product rework costs; impact of
changes in Polaris stock price on incentive compensation plan
costs; foreign currency exchange rate fluctuations; environmental
and product safety regulatory activity; effects of weather;
commodity costs; freight and tariff costs (tariff relief or ability
to mitigate tariffs); changes to international trade policies and
agreements; uninsured product liability claims; uncertainty in the
retail and wholesale credit markets; performance of affiliate
partners; changes in tax policy; the relationships with dealers and
suppliers; and the general overall economic, social and political
environment. Investors are also directed to consider other risks
and uncertainties discussed in documents filed by the Company with
the Securities and Exchange Commission. The Company does not
undertake any duty to any person to provide updates to its
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220308005805/en/
Polaris Media Contact: Jessica Rogers Phone: 763.513.3445
Jessica.Rogers@polaris.com
Zero Motorcycles Media Contact: Natalie Kahn (858)
245-4238 Natalie@zeromediabureau.com
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