Vectrix Motocycles on the Chopping Block

04/17/2009 @ 10:04 am, by Jensen Beeler1 COMMENT

Vectrix Motocycles on the Chopping Block vectrix superbike 560x370

Electric motorcycle manufacturer Vectrix looks to be in financial dire straits yet again, and is reportedly looking for either a buyer, or possible merger in order to bail itself out of the deadpool. 

 
In January of 2008, Visordown broke the news that the battery-powered motorcycle manufacturer was in serious financial trouble, with around $50 million of debt. Now it looks like Vectrix will be reducing its workforce by 60 workers to get more lean and mean. Even after reducing costs by laying-off employees, the firm will still need a cash infusion if it is going to stay afloat. While green tech is hot right now in private equity firms, a company like Vectrix is going to have a hard time getting funded with this bad of a history of burning cash. They’re only hope might be a merger into another firm that has stronger management team, and that can find value in the work Vectrix has already accomplished.

Source: Visordown

Comment:

  1. Johnny Tai says:

    Wow, $50 million! I need they should consider to cooperate with manufacturers overseas. I have been told by people that their bike is very pricy. However, it’s really a nice looking bike and slick!