Is Hesketh Motors signaling the rebirth 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…

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Vectrix is dead, long live the New Vectrix?

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…

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Why Vectrix is teetering on bankruptcy, pt. II

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…

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Why Vectrix is teetering on bankruptcy, pt. I

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…

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Vectrix pondering bankruptcy

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…

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