Last week the Automotive Manufacturers and Importers Association of Romania monthly report of car sales showed a huge increase in sales of hybrid and all-electric cars in Romania. For the first 9 months of 2018 (Jan-Sep) such cars had a 2.6% market share versus a 1.9% market share in the…
Electric vehicles offer vehicle designers more freedom to create differently shaped machines that could never have existed before that offer radically new capabilities. The XOR scooters by XOR Motors certainly fit that ideal. These scooters are small, lightweight, and quickly fold up to a small size, allowing the scooter to…
As expected GP Batteries has purchased New Vectrix and certain Vectrix assets. As noted in earlier reporting (Vectrix is dead, long live the New Vectrix?) New Vectrix was formed by GH Ventures and GP Batteries. That earlier announcement described the intention that New Vectrix would buy the assets of Vectrix…
The Vectrix was the first highway capable production electric motorcycle when introduced in 2007. Unfortunately the company ran into financial difficulties (see: Why Vectrix is teetering on bankruptcy, pt. I) and in September declared bankruptcy (see: Vectrix is dead, long live the New Vectrix?) with an announced intention for a…
Vectrix Corporation announced September 28, 2009 that it entered into an asset purchase agreement to sell most of its assets to New Vectrix LLC (“New Vectrix”), a Delaware limited liability company sponsored by GH Venture Partners LLC. They have also filed for chapter 11 bankruptcy. These moves were expected from…
Details for Why Vectrix is teetering on bankruptcy, pt. I and Why Vectrix is teetering on bankruptcy, pt. II Losing money on each bike sold: The “cost of goods sold” is the expense a company pays in order to sell their product. Vectrix had about $6 million revenue in 2008…
Why Vectrix is teetering on bankruptcy, pt. I covered the general reasoning concerning the source of Vectrix’s corporate woes. Part II relates the story told by the financial filings, and part III goes into nitty gritty details. The Vectrix corporate financial reports tell an interesting story of expensive missteps and…
Nowadays we have many calling for green vehicles, practically begging for electric vehicles to be available. Vectrix made a very good electric scooter capable of satisfying the transportation needs of many, one with very green zero emissions. Many are scratching their heads and wondering why Vectrix is failing at this…
With yesterdays news of the impending bankruptcy of Vectrix there’s a question over why the talk about Green Technology and Green Jobs isn’t translating into support for the existing electric vehicle industry in the U.S. By contrast there are two announcements from Taiwan and Italy that they are giving subsidies…
Vectrix was the first company to deliver a “high performance, zero emission, electric motorcycle” in commercial quantities. The VX-1 is in the shape of a maxi-scooter, driven by an electric drive train, could go at near highway speeds, and (for an EV) has a long range. For the most part…
