Rockit Motors Raises $47+ Million to Expand Electric Motor Manufacturing With MKB, National Bank of Canada and BDC Capital

Rockit Motors announced it has secured more than $47 million USD (approximately $64 million CAD) through a mix of equity and debt facilities to expand electric motor, generator and component manufacturing across North America. The financing includes investments and financing partnership from MKB Equity Partners, National Bank of Canada, and BDC Capital, with CEO Rob Briscoe retaining majority ownership and control.