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Motorcycle news: Industry
You are looking at: Home : Motorcycle news: Industry

Vectrix files for bankruptcy

US electric motorcycle firm goes to the wall after failing to secure financial investment

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Posted: 17 July 2009
by Visordown News

AMERICAN ELECTRIC motorcycle specialist Vectrix look like going under after it was revealed the firm has filed for bankruptcy.

For the last six months the company has sought financial investment in order to continue production; no one has offered to step-in to bail-out the electric bike manufacturer. To add to their problems Vectrix's dealers have been far from happy with the company's business ethics; many complained about the quality of the product and its high price compared to other electric machines on the market.

"It's just such a shame, because it was a really good idea and a decent product but lacked the appropriate price point and follow-up development," a Vectrix insider told DealerNews. "My whole thing was dealer health -- if the dealers are healthy everybody wins -- and they just didn't understand that."


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Discuss this story


jezz'd
was going to invest in this as a business venture - glad I didn't now!

Posted: 21/07/2009 at 13:34


Speedy.
jezz'd wrote (see)
was going to invest in this as a business venture - glad I didn't now!


Thats the whole point, things like this put back progress years, the electric car/bike is coming whether people like it or not.

Letting a leading edge company go to the wall is a bad investment, having a business minded person at the helm is.


Posted: 21/07/2009 at 13:55


FJSRiDER.
jezz'd wrote (see)
was going to invest in this as a business venture - glad I didn't now!

Invest in those that end up buying the company cheap.  

The development is done, they have a product and market.  They won't have the bank debts to service.

Electric bikes are still limited by battery technology and cheap petrol - but they are in our future for sure.


Posted: 21/07/2009 at 14:21

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