InsightEV Weekender: Week 32
Recent E2W bankruptcies are being resurrected; Ather improves financials as sales take off; and we interview Positive Motorcycles
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.
We continued our Brazil coverage with a fund that is offering serious money and support to any OEM
Is Damon slipping away forever?
This Weekender: LiveWire reported a disastrous Q1 2025 as sales plummeted to 33 units; TVS wins the Indian sales war for April, but things may change next month; Damon may get thrown out of Nasdaq as the stock races to zero; Gogoro buys time...
There are not too many publicly traded E2W and electric light mobility players. The ones that are have mostly been struggling. We last checked their health eight months back. Now, we check on them again and realize that things have taken a downturn for the worse.
Marko Lehtimaki of Donut Lab designed Verge Motorcycles' most torque and power-heavy motor. Now, he wants to be the go-to for anyone seeking performance, BoM cost reduction, and shortening development periods, all at the same time.
A net income of USD 32.5 million took us by surprise, considering that this is a company that is not yet making any significant revenue, if at all. In the end, the financial statement reveals less and hides more.
The Canadian-Californian company's restructuring seems to be continuing as Derek Dorresteyn, the long-time CTO of the company is gone.
The power vs weight equation is why electric motorcycles are still relative under-performers when it comes to taking on ICE superbikes. Now, Damon suggests that they can do what the elite litre-class supersports promise.
Jay Giraud is gone, and co-founder Dominique Kwong has stepped in as interim CEO. Meanwhile, funding remains elusive for the Hypersport to be produced
Damon Motors (DMN) listed on Nasdaq, an event closely watched by all E2W startups. However, it has been a disappointing ride since debut with the stock under pressure continuously.