NEXT Electric Motors raised €500k backed by the venture capital Kereon Partners.

NEXT Electric Motors, a Valencia, Spain-based manufacturer of electric motorcyles, announced that it secured funding of €500k ($590k).

The money was provided by Kereon Partners.

NEXT Electric Motors, founded in 2017 by CEO Xulei Xuhas, produces electrical motorcycles. The company's first product, the NEXT NX1 model, was sold for around 400 units.