Victory & title for Matthias Himmelmann (Münch Racing) 24th September 2011 TTXGP Münch continue to dominate Europe’s electric racing scene with as yet unmatched performance. The German rider, Matthias Himmelmann strongly dominated the TTXGP/FIM combined event at the Le Mans circuit, in opening of the renowned FIM 24 Hours Endurance race.…
In a race pitting the MotoCzysz E1PC electric superbike against gas powered race motorcycles, MotoCzysz ran great until having to bow out possibly due to a shredded rain tire. The race was held the weekend of Sept 17-18 at Portland International Raceway during round 6 of the OMRRA Championship race…
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…
It seems some of the response to the Enertia motorcycle has been a jaw dropping to the floor. The old price was nearly $12,000 and perhaps in response to the dropping jaws Brammo announced on November 10 a major price reduction to $7,995. Because this motorcycle qualifies for a 10%…
November 3, 2009 (SEMA, Las Vegas) – At the SEMA trade show this week Mavizen has unveiled their all electric superbike, the TTX02. As previously reported (see More info on the electric superbike coming soon from Mavizen) Mavizen is closely tied to the TTXGP organization and this bike is targeted…
A minister from the Isle of Man government, the Honorable John Shimmin, will be on hand in Las Vegas on November 3 to help launch Mavizen’s TTX02 electric superbike. This electric motorcycle is meant to be a bootstrap vehicle for teams wishing to compete in the TTXGP racing series. The…
Over the last week on the Bonneville Salt Flats saw the Lightning Motors team led by Richard Hatfield speed testing an electric motorcycle. Their efforts culminated in a recorded 166 miles/hr speed run on Saturday, Oct 10, 2009, leapfrogging an earlier speed record established by Mission Motors. Lightning Motors had…
Zero Motorcycles recently announced achieving three significant milestones and claim to be the first electric motorcycle company to do so. These milestones are to pass US safety standards, pass Canadian safety standards, and to receive an EPA Certificate of Conformity. As a result, buyers of the Zero S and Zero…
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…
Over the weekend of July 24-26 history was made at the AMA Vintage Motorcycle Days. The TTXGP/eGrandPrix electric motorcycle racing series officially launched in the U.S. (see: part 1 of this report) Seven teams attended the event, four of whom rode a bike on the track. These were exhibition rides…
What happens when quiet clean electric motorcycles show up at an annual motorcycle get-together? While one might think the hard core bikers would shun electric bikes, there is a lot of interest among both riders and the general public. It’s a new and exciting technology which some think have a…
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…
