Vmoto to delist from ASX
Vmoto has announced its plans to delist from the Australian Stock Exchange (ASX). The company is unhappy with the market cap it attracts on the ASX, which it feels is not in line with its fundamental value.
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Management shakeout at Damon
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
Ola Announces New Mopeds
Ola Electric, the E2W market leader in India announced four new moped models. This would be an all new low-power model range energised by the company's new portable battery packs targeted at fleet operators
KTM Enters Self-Administration
KTM caused tremors in the motorcycling world by applying for judicial restructuring. The company cannot repay loans due in the near term because of unsold inventory. This is shocking for a motorcycle manufacturer that happily distributed dividends till last year.
Honda Enters Indian E2W Market
India and ASEAN are the two legs that Honda stands on. It has been disappointing that the Japanese giant has let startups lead the way in the Indian scooter market, a market where it has a 50% market share. Honda is now doing catchup with the CUV e: in Indonesia and the Activa e: and QC1 in India
Ola Electric teases a new portable battery
The Ola scooter range, all variants on the Etergo platform, is energized with floorboard-mounted fixed batteries. However, India's fast-growing fleet delivery market, dominated mainly by Chinese imported two-wheelers, primarily uses portable/swappable batteries. Now, Ola joins the party
Honda's Solid-State Battery Pilot Starts
In August 2022, Honda announced it would set up a solid-state battery pilot line in Japan. The aim was to study solid-state batteries and ensure the brand was ready with the technology and production in time for the competition. The pilot line has now started production.
Damon is listed on the Nasdaq
This may not be significant for the company. In the short term, there is very little cash that they get access to. However, the listing makes them more attractive to new investors and may eventually get the HyperSport into production.
Energica is gone!
Electric traction and large lifestyle motorcycles don't play well together. The tech hasn't reached the point yet. So, it was unsurprising that Energica filed for bankruptcy last week. It's not the first and would not be the last electric lifestyle brand to do so.