If you believe the rumors coming out of Italy, Polaris is poised to save acquire ailing motorcycle manufacturer MV Agusta. We have documented MV Agusta’s precarious financial troubles already in great detail, and how MV Agusta CEO Giovanni Castiglioni is between a rock and a hard place with his main investor, Mercedes-AMG. According to the Italian media, and those who repeat their words like parrots, Polaris represents an escape from MV Agusta’s difficult position with the German automobile-maker, though the reality is that nothing could be farther from the truth.
The story of MV Agusta continues with even more interesting developments, as the Italian motorcycle manufacturer seems intent on buying back its shares from Mercedes-AMG, and recapitalizing with new investors. Talking this week to Italy’s Il Giorno, MV Agusta CEO Giovanni Castiglioni said that he is “negotiating a buy-back of shares,” though that might be a task easier said than done for the Italian CEO. This is because MV Agusta’s current financial predicament is due primarily from the company’s massive debt accumulation, which now totals over €40 million. To complicate matters further, some of that debt was secured by the involvement of AMG, and its investment contract stipulates that if AMG doesn’t own 20% or more of MV Agusta then the loaned sum is due immediately.
Aside from Husqvarna bringing the Vitpilen & Svartpilen concepts into production, another gem to come from KTM’s investor report for 2015 is that the Austrian company is working on what it calls a revolutionary two-cylinder engine design.
We are not too sure what is so revolutionary about a parallel-twin power plant – my Two Enthusiasts Podcast co-host Quentin loves to go on rants about how much he hates the engine design – but what is interesting is to hear that KTM plans on using the engine as a platform for multiple models.
It has been suspected for some time that the Husqvarna brand would build production versions of its Vitpilen & Svartpilen concepts. Now we have official word of that, as KTM has confirmed its intent to make the Vitpilen 401 & Svartpilen 401 concepts into production bikes, in its 2015 investor annual report.
KTM doesn’t outline a timeframe for both models, but it has confirmed that Husqvarna will debut two Vitpilen models for the 2017 model year – something that we already knew.
What is not clear however is whether Husqvarna counts the Vitpilen 125 & Vitpilen 401 models as two separate releases, or one bird of a feather. If it is the latter, then we can expect the Vitpilen 701 to arrive for next year. As Martha Stewart says, that’s a good thing.
Brammo continues to build upon its war chest of investment, and has turned to crowd-funding site EarlyShares for help in that regard. The site is targeted towards Angel-type investors, and is along the lines of a Kickstarter-style site for the wealthy and investment-minded. The news that a company like Brammo is looking to raise more capital is nothing new, nor is it terribly noteworthy, but the documents provided to EarlyShares investors are certainly worth chewing on by two-wheeled enthusiasts. Perhaps the most interesting aspect is a diagram of Brammo’s planned model lineup, which briefly appeared on EarlyShares; and among other things, shows an eCruiser model from the Oregonian company. Boom goes the dynamite.
Zero Motorcycles has raised an additional $5.5 million in its Series A funding, bringing it’s total war chest to just over $10.5 million in funding to date. The Invus Groups seems to have lead, if not solely financed, the Series A round, and retains two seats on Zero’s Board of Directors. The funding is reported to “help grow the company”, which in these financial climates could mean anything from paying looming costs to amounting cash for harder days ahead. Whatever the reason, it’s a positive sign for Zero Motorcycles, and an early high-point to their 2010 accomplishments