Erik Buell Racing Ceases Operations

News being broke by the Milwaukee Journal Sentinel says that Erik Buell Racing has ceased its operations. The East Troy company plans to also file for protection from creditors under Chapter 128 of Wisconsin’s bankruptcy code. Under Wisconsin law, EBR will be placed into receivership (the company will be run by attorney Michael S. Polsky), and ultimately bids will be made on purchasing the bankrupt company. If no bids are made, the company’s assets will be auctioned off, with the profits going to EBR’s creditors. Though a shock to the whole industry, as well as EBR dealers, the news is perhaps unsurprising given EBR’s lack of success both on the race track and on the dealership floor, the latter being the more important metric.

The Handbuilt Show 2015 – Keeping Austin Weird

Just as it is easy to compare Austin to Portland, one can do the same with the One Show and the Handbuilt Show — in fact, you’ll even find some of the same machines at both events (and that’s not a bad thing). Despite the One Show being our home event, the subtle differences between the two motorbike exhibitions make the Handbuilt Show the superior night out, in our opinion…even if only by a thin margin. Nestled in the painfully hip downtown area of Austin, the Handbuilt Show is free to the public, and offers a little bit of something for every kind of motorcycle enthusiast: sport bikes to street-trackers, cruisers to café racers…there was even a slammed to the ground scooter this year.

Laia Sanz Drops HRC for KTM in Enduro and Rallies

A bit of shocking news in the rally raid world, as Laia Sanz has jumped ship from HRC to KTM for the Women’s Enduro World Championship. The move means Sanz will also compete as a factory KTM rider in the various FIM World Championship rallies, including the Dakar Rally, though only where the schedule permits, as the Women’s Enduro World Championship is her racing priority. Sanz has 13 women’s world titles to her name, and she has won Women’s Enduro World Championship for the past three years in a row. Sanz is one of the leading women in bringing females into motorcycle racing, and she she is also an accomplished rider when competing against the boys. She finished 9th in the 2015 Dakar Rally, where she also scored a Top 5 stage finish — the highest a woman has ever achieved in the event.

MotoAmerica Races Will Air on CBS Sports, A Week After

We’ve gotten more than a few emails (thanks!) from American road racing fans about how to watch the inaugural MotoAmerica race on TV. These eager beavers were quick to point-out that CBS Sports Network has no listings for the Austin round this weekend, with only a season preview listed next week, on April 15th. A quick email exchange with MotoAmerica confirms that the Austin round will be shown a week late, as will the rest of the 2015 rounds. The series hopes to change that for the 2016 season. Fans will also be disappointed to learn that the Austin round will not even be streamed live over the internet, though that option will added for future rounds this season, likely starting at Road Atlanta, MotoAmerica’s next stop.

Is Brammo Racing at the Isle of Man TT?

Our Bothans had been hinting at a secret entry in the TT Zero event at the 2015 Isle of Man TT, and it seems that entry could be Brammo. The tip-off comes courtesy of renowned road racer Lee Johnston, who tweeted that the weather in California was just fine…while sitting next to the Brammo track trailer, and with a Brammo Empulse RR beside him (pictured above). There is really only one reason why “General Lee” would be testing the American outfit’s electric race bike, and that’s if the now R&D company wanted to go head-to-head with Mugen, Saroléa, et al. Many will remember that Brammo participated in the 2009 Isle of Man TT, at the inaugural TTXGP event, and finished 3rd with a 75 mph lap.

Cristiano Silei Becomes Dainese’s New CEO

Our sources are reporting that Cristiano Silei, former Ducati VP of Sales and Marketing, has been tapped to become the new CEO at Dainese S.p.A. Silei will takeover the head position from Frederico Minoli, who many Italian motorcycle fans know as the former CEO of Ducati Motor Holding. Loyal Asphalt & Rubber readers will remember that the aptly named Investcorp recently purchased 80% of Dainese’s private stock, for €130 million, leaving Lino Dainese as the 20% minority shareholder. Frederico Minoli was instrumental in helping Lino Dainese sell his namesake company, and it is perhaps now unsurprising that the former Ducati CEO has pulled from the bench Italian marque for his replacement.

2015 Saroléa SP7 Electric Superbike Debuts

Belgian outfit Saroléa is back for the 2015 Isle of Man TT, after debuting the 2015 version of its SP7 electric superbike this past weekend. If you’re saying to yourself that the 2015 model looks very similar to the 2014 model, you are in fact correct, though the bikes are not actually identical. The 2015 Saroléa SP7 has improved aerodynamics (namely a slimmer body), a revised center of gravity (for better handling), a reduction in weight (more carbon fiber and titanium parts), and proprietary fiber optic network that connect the vehicle control unit to the battery management system. All of those changes are good for a 22 lbs overall reduction, but the biggest change though for 2015 is the new motor, which was built in-house and is rated at 150hp (down 25hp from last year’s machine).

HRC Confirms Stoner Was a Candidate to Replace Pedrosa

Casey Stoner was a candidate to replace the injured Dani Pedrosa. The Australian had discussions with HRC about stepping in to take Pedrosa’s place during his absence. In the end, it was decided that a return would not be possible at such short notice. It was decided that Hiroshi Aoyama would be a better choice of replacement in the circumstances. When we asked via email whether Honda had had discussions with Stoner over replacing Pedrosa, Repsol Honda team principal Livio Suppo confirmed that they had. “We spoke about the possibility for Casey to replace Dani,” Suppo admitted. But Stoner would have faced major challenges replacing Pedrosa for the next two MotoGP rounds.

2016 MotoGP Rules Clarified: 7 Engines, 22 Liters, 157kg, & Performance Balancing

The Grand Prix Commission have filled in the last question marks over the 2016 MotoGP regulations. While the decision on the amount of fuel the bikes would be allowed to run had already been decided last year, the rules on a minimum weight, the number of engines to be used, and how and whether the concessions allowed to manufacturers without a win would be extended into 2016 and beyond. All of these questions were settled at Qatar. The GPC meeting, where Dorma, the FIM, the manufacturers and the teams meet to agree a set of rules, confirmed that all bikes in MotoGP next year will use 22 liters of fuel.

Yamaha YZF-R1M Has Sold Out in Europe

It’s tough cookies if you want to order a Yamaha YZF-R1M in the European Union right now, as what is shaping out to be the superbike of 2015 has sold out in every European country. This means only those riders who pre-ordered an R1M online, on Yamaha Europe’s registration system, will be able to get a 2015 model — perpetuating the saying from the translated French: “you snooze, you lose”. To rub salt into the wounds, all European customers of the R1M will get to join Colin Edwards and other Yamaha racing staff at an upcoming Yamaha Racing Experience events in July. Schwing!

WSBK: Team Hero EBR Still Racing This Weekend

04/17/2015 @ 1:43 am, by Jensen Beeler7 COMMENTS

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With the news that Erik Buell Racing has ceased operations and will be headed into receivership, doubt has been cast on the company’s racing efforts in the World Superbike Championship. Allaying some fears, Team Manager and Rider Larry Pegram spoke to the WorldSBK.com website, saying that the team would indeed race in Assen, as planned.

“For Team Hero EBR, nothing has really changed,” Pegram said while speaking to WorldSBK.com. “We are going to be racing this weekend and we plan to continue for the season. All indications are that we are going to be able to do that. There is obviously some restructuring and financial stuff going on in the USA, but we are over here in Assen and getting ready for a good weekend.”

Circuit of Wales Says It Has £120 Million of Conditional Funding in Place

03/09/2015 @ 12:39 pm, by David Emmett6 COMMENTS

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One of the greatest mysteries surrounding the Circuit of Wales is exactly where the funding for the project is due to come from.

The ambitious project to build a circuit in the Blaenau Gwent region of South Wales will need some £325 million to complete it entirely, with around £200 million to come from private investors, the rest to come from public funds.

Though the Circuit of Wales has had plenty of headlines, there has been little word of any private investors putting any actual money into the project. That seems set to change.

Michael Carrick, Chief Executive of the Heads of the Valleys Development Company, the company behind the Circuit of Wales project, told the BBC that they have already raised £120 million in private investment, leaving £80 million still to find for development to go ahead.

Energica Taps UBS to Find Investment

03/06/2015 @ 12:17 pm, by Jensen Beeler4 COMMENTS

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Electric motorcycle startup Energica has found some big guns to help find it funding: UBS .

According to the company’s press release, UBS will be Energica’s sole financial advisor during the electric motorcycle company’s search for Italian or international funding.

Any funding that UBS finds will go towards bring the Energica Ego and Energica Eva models to market, particularly in the United States.

Alta Motors and Logos Technologies Win Second DARPA Award for a 2WD Hybrid-Electric Military Motorcycle

01/09/2015 @ 1:38 pm, by Jensen Beeler3 COMMENTS

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Eight months ago, we told you about a special project that Alta Motors (formerly named BRD Motorcycles) was working on with Logos Technologies.

The project was a hybrid-electric two-wheel drive motorcycle that US special forces would use. Now called the SilentHawk, Logos Technologies has received a second DARPA award to continue development of this unique motorcycle with Alta Motors.

The Phase II Small Business Innovation Research (SBIR) award from DARPA means that Logos and Alta motors can begin actually building the silent, yet easily refuelable, motorcycle to the weapons cache of the US military, which they proved in concept during Phase I.

BRD Motorcycles Raises $4.5 Million in Series A Funding

10/01/2014 @ 12:20 pm, by Jensen Beeler9 COMMENTS

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It has been a long time coming, but we have some good news from the folks at BRD Motorcycles, as the electric motorcycle startup has just closed a $4.5 million Series A funding round.

The investment round was led by Spanish investment firm Modara Technologies, which was joined by Cedarville Investments, Tesla Motors founders Martin EberhardMarc Tarpenning, and Pedro Zapata Gil, the CEO of Baluarte Real Estate in Spain.

To-date that makes $8.2 million in capital raised by BRD, and now the San Francisco startup will be able to go ahead with production on its BRD RedShift electric dirt bike and supermoto offerings. BRD will show the production-ready RedShift MX & RedShift SM at the AIMExpo in two weeks’ time, which will retail for $14,995 and $15,495, respectively.

In the Future, You’ll Wear Leathers That Are Grown in a Vat

06/27/2014 @ 8:35 pm, by Jensen Beeler8 COMMENTS

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A lot of things will change in the future. Cars will drive themselves. Motorcyclists won’t wear helmets (as we know them), and your leather jacket will be grown in a vat…at least, that’s what a new company named Modern Meadow hopes. Having just received $10 million in Series A funding, the New York-based company hopes to change the way we interact with our beloved bovines.

Getting its roots from the bio-technology sector’s research into “bioprinting” organs in a petri dish, Modern Meadow is looking for consumer-level applications to this still young technology, which right now focus on creating grown-in-the-laboratory beef and leather.

Obviously the FDA has a few things to say about creating food products from bioprinting, so Modern Meadow’s first foray will be into creating real leather with stem cells.

US Senators Want to Defund Motorcycle-Only Checkpoints

03/10/2014 @ 2:55 am, by Aakash Desai6 COMMENTS

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Take heart my two-wheel riding cohort: four courageous, topical, and freedom-loving senators are fighting for your right not to be discriminated against based on the number of wheels between your knees.

A bipartisan bill introduced in the U.S. Senate on March 5th aims to prohibit the use of federal funding to programs that seek to setup “motorcycle-only checkpoints.”

The aptly named, “Stop Motorcycle Checkpoint Funding Act,” would restrict the Secretary of Transportation from granting funds to government entities that want to make sure you and your passenger have on a helmet, amongst other things.

BRD Motorcycles CEO Starts Unique Crowd-Funding Model

04/01/2013 @ 7:37 am, by Jensen Beeler17 COMMENTS

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Looking to close its Series A round of financing, San Francisco EV startup BRD Motorcycles has had to rethink its investor-appoach strategy, as the venture capital market in California has gone through a reset as a result of the past economic recession.

“It has been brutal this past year talking to investors,” explained BRD Motorcycles CEO Marc Finegstein. “In fact, it was actually easier to raise capital during the recession than it is currently right now. For the last few years, you just had to be bullish…you know, polish your PowerPoint deck, shift your paradigm, and make sure you were best in breed. But now, with all the bad paper that has been going through the market, the traditional funding sources have all but dried up.”

Countless dinners and evenings wasted, Fenegstein often returned to the office the next day with nothing to show for his hard work from the night before. Facing increasing production and development costs, it was clear that something had to change in the company’s funding strategy.

So, when asked what sort of measures BRD was taking to close its funding objectives for the Series A round, the young CEO exhaled slowly, sat back in his chair, and only hinted at BRD’s new investor-pitch strategy. “Let’s just say our funding strategy is more ‘hands on’ than it was before with our investment circle,” he said while staring blankly out his office window.

Scoot: The Zipcar for Scooters

09/17/2012 @ 4:21 pm, by Jensen Beeler5 COMMENTS

I am actually surprised this idea took this long to come to fruition, but someone has finally built a “Zipcar for scooters” business. For those not familiar with the idea, Scoot promises to offer urban commuters convenient access to its network of electric scooters that it has parked around in major metropolitan areas. From what we can gather, the idea is that members of the Scoot community pay a monthly fee to have access to these scooters (in addition to the hourly-usage rate), and can use the Scoot scooters around to run errands in cities like San Francisco.

Brammo Raises $13 Million in Series C Funding Round

07/12/2012 @ 4:16 pm, by Jensen Beeler2 COMMENTS

Brammo announced today that it has raised another $13 million, in a Series C funding round that was lead by Polaris Industries. Hoping to secure a total of $45 million over the course of the entire round of funding, the investment by Polaris is the second one that American company has made into the Ashland-based electric motorcycle company.

Polaris first invested in Brammo back in October, as the Minnesota-based company was rumored to be taking a close look at a number of electric motorcycle firms for a strategic partnership. Ultimately settling on Brammo, Polaris was a part of the Oregonian company’s $28 million Series B funding round, and is said to have lead this current Series C tranche.