On 24 October 2024, Livewire filed its third quarter (ending 30 September) results for the year. Let’s look at the positives first; there are not too many. The brand’s motorcycle sales nearly doubled year-on-year from 50 to 99 units. 2X of next-to-nothing is still next-to-nothing. Still, sales—even though low—seem to be on...
Yesterday was important for the global E2W industry as Damon Inc., the developer of the 200mph capable HyperSport electric motorcycle, started trading on the Nasdaq under the ticker ‘DMN.’ At the close of trading yesterday, DMN had a market cap of nearly USD 50m. Listing on Nasdaq isn't just a financial milestone...
Gogoro’s Q3 2024 results Yesterday afternoon (GMT), Gogoro released its Q3 2024 financial results. We have been critical of Gogoro’s business plan for some time. We feel the company is burning cash and must correct its course for a better future. The Q3 results continue the disappointing financial performance from previous quarters. Gogoro reported...
Over the last three years (post-COVID), we have seen an increasingly stronger play of electric two-wheelers and urban mobility at EICMA. This year was no different. Presenting in no particular order, except for the most important at the start, and saving the cutest for the very last. Honda Honda came with two...
Last week, we looked at how E2Ws have casually differentiated from ICE through large displays, computing, and the strength of UX/UI features. E2Ws are playing on convenience, realizing that the future customer considers it a priority demand. The play on convenience is also a play on the typical strengths of E2Ws. This...
A couple of weeks ago, a press release from KTM made us sit up and take notice. This was KTM talking about a pair of new TFT displays. This two-part series analyzes how this is a wake-up call for the electric motorcycle world. KTM's Awesome Displays of the Future KTM’s first display is...
We can add Ujet, Evoke, Sondors, Stilride, and twenty more names. The point is the pointlessness of some efforts. Maverick designers and sharp engineers often don’t make a commercially viable product. All the above brands started with products that appeared brilliant on paper but were full of expensive components and complexities...
On Tuesday evening, we put this on our X/Twitter feed (please connect with us on X at @editor_ev) The Italian electric superbike manufacturer filed for bankruptcy on Tuesday. While sales volumes may have stayed low, Energica’s contribution to E2Ws went beyond the numbers, or the lack thereof. Unlike normal bankruptcy processes, where...
Last week, we looked at why big money finds the Indian E2W lucrative. The extremely consolidated market favors big players and squeezes out the smaller ones. The Indian E2W market There is a similarity in how developing-world electric two-wheeler markets evolve. They start with low-quality Chinese imports, which soon flood the roads, at...
As major electric two-wheeler startups in India hit the domestic bourses, we look at what makes them tick and why there is a rush for public money. In this two-part series, we also examine why India is the most important two-wheeler market in the world and why the Western world E2W...
We normally do not comment on individual companies and their financial results. We are more like exuberant fans cheering every player from the sidelines. However, Cake’s bankruptcy has exposed the vulnerable side of the industry. Then, since last week, the world has been waking up to things going wrong at...
Late last week, Gogoro’s Chairman and CEO, Horace Luke, resigned amid falling margins and allegations of fraud. Ruentex Group’s general counsel, Tamon Tseng, replaced Luke as chairman. There is more to what meets the eye—Ruentex is Gogoro’s biggest stakeholder and clearly wants to get things under control. The biggest shareholder putting their...
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