September 23, 2006
Indian Motorcycle Manufacturing Company, America’s oldest motorcycle brand, has raised $30 million dollars and is buying a 40,000-square-foot manufacturing plant in North Carolina.
This will be the second time the company has re-launched since its demise in 1953. Indian Motorcycles was once a prominent brand, in the 1940s they often sold as many as the iconic Harley Davidson.
The new company controlled by Stellican Limited, a London-based private equity firm, has promised to provide an accessory line for the abandoned 1999-2003 models.
Indian Motorcycles is currently led by President Steve Heese, and has 12 employees. Stellican Limited has promised to open two manufacturing plants in North Carolina, split between Indian Motorcycles and Chris-Craft Corp, the country’s oldest boatmaker. They plan to eventually employ more than 800 workers between the two plants.