Electric motorcycles may be the future, but most major Western companies still haven’t figured out how to make money from them. Not true for Barcelona-based Stark Future though, one of the only electric motorcycle makers outside of China to have reached profitability.
The company burst onto the scene in late 2021, unveiling an electric dirt bike that crushed combustion engine alternatives.
Claimed to be the fastest-growing company in Spain, Stark quickly made a name for itself with commencement of commercial sales of its Stark VARG MX. And with its success, Stark is doing something almost no other privately owned electric motorcycle company has done: it’s pulling back the veil and opening its books to show how it’s done something unique in the industry by reaching profitability.
According to the company, Stark just achieved a major milestone by recording its highest-ever monthly revenue of €18.3 million in April 2025 while delivering a positive EBITDA of €2.8 million. The news follows Stark first announcing the beginning of profitability in the middle of 2024.
“This achievement comes barely two years after Stark Future’s first commercial sales, remarkably faster than incumbent EV leaders, and more resembling the growth rates of some of the world’s most successful technology firms in history,” explained Anton Wass, CEO of Stark Future. “We have been steadily approaching this profitability event, driven by the popularity of the off-road VARG MX, but the phenomenal reception of the newly available Stark VARG EX, the company’s groundbreaking street-legal Enduro model, has brought this landmark occasion.”
Priced at US $12,990, the street-legal Stark VARG EX has helped boost the company over the line to profitability, all the while offering performance that blows away pricier street-legal e-dirtbikes like those once offered by Cake.
And perhaps the Cake comparison is an apt one; another European electric motorcycle maker that unfortunately couldn’t find Stark’s path to profitability. The company’s pricy electric motorbikes designed for street and dirt failed to support Cake’s cash burn rate, leading to the company’s bankruptcy. Italian electric sportbike maker Energica met a similar fate last year. Other major electric motorcycle makers in the US, such as Zero and LiveWire, are treading water thanks to significant financial backing from their investors or parent companies, but neither appears close to profitability.
That makes Stark Future’s milestone even more impressive, coming at a time when the rest of the electric motorcycle industry finds itself bogged down in a steep uphill climb.
The motorcycle industry often lags behind the automotive industry, though in this case, comparisons to electric vehicle makers show breaking out to an early lead. For example, Tesla took over a decade to reach sustained profitability, and that was supported largely by the sale of regulatory credits to other automakers. Chinese electric giant NIO, on the other hand, uses a similar product-driven revenue model to Stark but still took eight years to reach profitability.
“Through deep technical vertical integration and focus on sourcing, we managed to develop game-changing technology at competitive costs, all while still manufacturing in Europe,” Wass continued. “This result validates our disciplined approach and marks an important step toward consistent profitability.”
According to the company, Stark is now looking beyond merely off-road and street-legal enduro-style electric motorcycles, with some speculating that the company could be setting its sights on the more elusive categories of street bikes and sport bikes.
“We will continue to innovate at the component level and in the greater model range so electric motorcycles in all categories can outperform traditional machines in every way,” said Paul Soucy, Stark Future CTO.
With a growing network of dealers at over 400 retail locations around the world, including expansions into over 50 countries, and recent developments for security and military applications, Stark certainly looks set to capitalize on its growth and apply its unique recipe for success to a growing lineup of electric motorcycles.
FTC: We use income earning auto affiliate links. More.
