Most of our recent advisory work with financial institutions has focused on profitability. Many E2W startups worldwide are struggling with that, even though sales numbers are improving and customers are embracing electric mobility. The future looks good if we can survive the present.
Recent E2W bankruptcies are being resurrected; Ather improves financials as sales take off; and we interview Positive Motorcycles
The last few weeks/months have been an emotional affair for the industry. Some of the most promising startups in the global E2W industry that were battling bankruptcy have been rescued. Their new lease of life comes with new business plans and a new perspective on things.
India-based Ather Energy reported an 87% year-over-year jump in revenues for Q1 FY 2026. With the startup nearly doubling sales, margins improved.
The July 2025 registration data indicate that the Indian E2W market declined by nearly 3% over June 2024 and declined by 4.5% year over year.
Developing a performance electric motorcycle is special, but things just hit a higher pitch when any startup takes the test-track path to performance testing. We saw that with Positive, and we love the seriousness with which they have approached motorcycle development.
The Honda Grom has an enviable market position. It sells a lot in the USA - more than 10,000 units in some years, and at the same time is a cult motorcycle. There are riders' clubs for the Grom, something you would associate with a Harley-Davidson, not a 125cc runabout.
Stark reports outstanding financials, SOL is alive and ready for launch, Energica finds a spark, Ola continues to bleed heavily, and Honda's strategy may not be working in India
It is still the market leader by far in the ICE scooter space, even with products that are outmatched by the competition. However, it is the electric scooter segment where Honda is lagging and may have gotten its pricing strategy wrong.
The company paints a positive picture, and there is a big improvement from last quarter, but the financials have deteriorated on a year-on-year basis. Also, the results open up some questions.
The practical, entry-level, cost-sensible electric motorcycle with removable battery packs takes center stage this week as Honda plans to disrupt important markets like India with the Shine EV. Meanwhile, Livewire throws us two good-looking concepts for upcoming motorcycles.
China, the world's factory, has a convoluted outlook on IPs. You can buy similar-looking products from different factories, at different quality grades, and at different price points. Now, some factories, notably Yadea, the sales leader, want to be brands. That's worrying for everyone else.
Niu released its Q2 2025 sales numbers and there is a near 37% increase in sales. However, the numbers are driven by China even as the sales numbers in the international markets remained depressed.
We are in good times. After years of promises and numerous vaporware, this is now an era where multiple startups are ready with competent electric street-sports motorcycles. Soon, every dominant two-wheeler geography would have multiple options to choose from.
With E2W tech getting commoditised and a funding winter across the globe for manufacturers, we are in tough times where new entrants need to find an edge, fast.
India-based Ather Energy reported an 87% year-over-year jump in revenues for Q1 FY 2026. With the startup nearly doubling sales, margins improved.
India-based Ather Energy reported an 87% year-over-year jump in revenues for Q1 FY 2026. With the startup nearly doubling sales, margins improved.
The July 2025 registration data indicate that the Indian E2W market declined by nearly 3% over June 2024 and declined by 4.5% year over year.
The company paints a positive picture, and there is a big improvement from last quarter, but the financials have deteriorated on a year-on-year basis. Also, the results open up some questions.
Niu released its Q2 2025 sales numbers and there is a near 37% increase in sales. However, the numbers are driven by China even as the sales numbers in the international markets remained depressed.
The India-based Ola Electric, the world's most funded electric two-wheeler manufacturer, announced its Q4 and Full Year FY 2025 financial results yesterday. Every meaningful metric has dipped, the most important being a 61% drop in revenues and a -101% consolidated EBITDA margin.
India-based Bajaj Auto, the world's most profitable two-wheeler manufacturer and KTM's long-term partner, has pitched in with EUR 800m to save KTM. We look at the what, why, and what now of the deal.
India-based EV as a service company Alt-Mobility has raised an undisclosed amount from Beyond Capital Ventures.
Most of our recent advisory work with financial institutions has focused on profitability. Many E2W startups worldwide are struggling with that, even though sales numbers are improving and customers are embracing electric mobility. The future looks good if we can survive the present.
Recent E2W bankruptcies are being resurrected; Ather improves financials as sales take off; and we interview Positive Motorcycles
The last few weeks/months have been an emotional affair for the industry. Some of the most promising startups in the global E2W industry that were battling bankruptcy have been rescued. Their new lease of life comes with new business plans and a new perspective on things.
India-based Ather Energy reported an 87% year-over-year jump in revenues for Q1 FY 2026. With the startup nearly doubling sales, margins improved.
The July 2025 registration data indicate that the Indian E2W market declined by nearly 3% over June 2024 and declined by 4.5% year over year.
Developing a performance electric motorcycle is special, but things just hit a higher pitch when any startup takes the test-track path to performance testing. We saw that with Positive, and we love the seriousness with which they have approached motorcycle development.
The Honda Grom has an enviable market position. It sells a lot in the USA - more than 10,000 units in some years, and at the same time is a cult motorcycle. There are riders' clubs for the Grom, something you would associate with a Harley-Davidson, not a 125cc runabout.
Stark reports outstanding financials, SOL is alive and ready for launch, Energica finds a spark, Ola continues to bleed heavily, and Honda's strategy may not be working in India
It is still the market leader by far in the ICE scooter space, even with products that are outmatched by the competition. However, it is the electric scooter segment where Honda is lagging and may have gotten its pricing strategy wrong.
The company paints a positive picture, and there is a big improvement from last quarter, but the financials have deteriorated on a year-on-year basis. Also, the results open up some questions.
The practical, entry-level, cost-sensible electric motorcycle with removable battery packs takes center stage this week as Honda plans to disrupt important markets like India with the Shine EV. Meanwhile, Livewire throws us two good-looking concepts for upcoming motorcycles.
China, the world's factory, has a convoluted outlook on IPs. You can buy similar-looking products from different factories, at different quality grades, and at different price points. Now, some factories, notably Yadea, the sales leader, want to be brands. That's worrying for everyone else.
