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Harley-Davidson invests in Alta Motors to make electric motorcycles

Harley-Davidson Inc. announced March 1 that it made an equity investment in Silicon Valley-based electric motorcycle company Alta Motors to develop electric motorcycle technologies and new products.

Harley-Davidson is set to launch its first electric motorcycle in 2019.

Harley-Davidson's investment is part of its 10-year strategy to "aggressively" invest in the electric vehicle industry and prepare next-generation products, the statement said.