A lifeline has just been given to Energica, an Italian maker of electric motorcycles. The well-known motorbike brand, which was once owned by the US company Ideanomics, went bankrupt late last year after a period of financial strain prohibited it from paying employees and carrying on with manufacturing.
Now, a fresh group of Singaporean investors has taken over.
The company stated on LinkedIn that “The judicial process undergoing the sale of Energica has received an offer with a significant deposit from investors based in Singapore.” The news was first posted on Energica’s YouTube page. The investors, who have not yet been identified, “are enthusiasts that believe in and share the common values of Energica“, according to Energica.
Although the details of the buyout and rebirth are unknown, it seems that Energica intends to reunite the band. According to the company, “The same team behind Energica will be entrusted to run the operations, and we will continue creating cutting-edge technologies for our customers if the process comes through successfully.”
Many of Energica’s amazing electric motorcycles are already in use thanks to years of sales before the firm’s 2024 bankruptcy, so it appears that the corporation is concentrating on helping those riders first. Supporting the community and consumers is our top priority. We will keep you updated as the legal procedure progresses, which should be finished in 60 days.
One of the first companies in the luxury electric two-wheeler market, Energica gained notoriety in Modena, Italy, for producing high-performance electric motorcycles. Models like the Ego sportbike and the Experia electric touring bike are part of its inventory. Prior to Ducati taking over in 2023, the firm supplied race bikes for the MotoE World Cup.
Energica originally profited from a capital infusion that assisted in growing production and dealer networks following its acquisition by US-based Ideanomics in 2021. However, Ideanomics has experienced severe financial difficulties and is therefore unable to make investments in Energica’s future.
At the time of its insolvency in 2024, Energica’s prospects for the future appeared bleak, but it now seems as though the uncertainty is fading in the hopes that new owners would be able to revitalise the business.
However, producing the fastest, most powerful, and longest-range electric motorcycles the world has ever seen is Energica’s primary skill, and it’s not exactly a cheap business. The question of whether a resurgent Energica will find a receptive market or if the company will be forced to expand the scope of its products to better match the type of electric motorcycles that are currently selling arises when combined with current market trends that favour commuter-spec electric motorcycles that are smaller, lighter, and less expensive.
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