GE Capital Provides Inventory Financing to Motus Motorcycles
Published October 10, 2012
Categories: GE Capital
GE Capital’s Commercial Distribution Finance (CDF) business said it has agreed to provide Motus Motorcycles with inventory financing to support the expansion of its dealer network in the U.S.
The Birmingham, AL-based manufacturer was founded four years ago to produce premium American-made sport-touring motorcycles. Recently, Motus launched production plans for the 2013 line, its first model year.
“Motus is extremely proud to announce our financing relationship with GE Capital,” said Lee Conn, founder and president of Motus Motorcycles. “We believe stable floorplan financing will encourage more high-caliber motorcycle dealers to add Motus to their current product mix.”
“Our deep expertise in the motorcycle sector allows us to support both existing and new products in the marketplace,” said Neeraj Mehta, president and CEO of CDF. “We’re glad to work with Motus to encourage innovation and drive adoption of leading-edge technologies in the growing motorsports industry.”