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[dalek]

Hoping that they open a dealership in the Chicago area...

https://www.energicamotor.com/19535-ideanomics-fuel-growth-energica-dealer-network-us/

[Fran K]

The linked page does not really clarify if the intent is for existing dealers to open new store fronts or have new dealerships.  I seem to recall reading the dealer in New York by the hudson river has been granted the territory of New England states.  No idea what the actual truth or time frame is pertaining to that.  NE can mean north east if you are in Ny or Pa but If you are in a New England state NE has a different meaning.

[JaimeC]

Filipacchi in Manhattan is now also an Energica dealership.  They dropped Ural a little while ago; Energica is a better fit for their existing market.

https://www.filipacchi.com/

[DonTom]

Hoping that they open a dealership in the Chicago area...

https://www.energicamotor.com/19535-ideanomics-fuel-growth-energica-dealer-network-us/

That sure is good news. That means they are making twice the number of bikes.


Does a larger factory go with this deal?


I also hope they have a dealer here in Reno.


-Don-  Reno, NV

[Shadow]

Doesn't this read that Energica loses their control of the company?

[NEW2elec]

Yeah that's what taking over 70% of the company means in my book.

[Crissa]

That's a huge investment in a company to invest an equal amount to the current total valuation in the company into it.

It's like they sold the company outright but the money all goes into the company instead.

-Crissa

[DonTom]

That's a huge investment in a company to invest an equal amount to the current total valuation in the company into it.

It's like they sold the company outright but the money all goes into the company instead.

-Crissa

I just wonder if I promise to buy a new 2022 Energica Ribelle RS, but only here in Reno,  will they start a shop here?


If they do, we have a deal!  And I know another guy here in Reno who would also be interested if there were  a local dealer.


I wonder if Energica / Ideanomics are reading these messages.  . .And if it will have any effect on their decision.


-Don-  Reno, NV

[Crissa]

I'd love to make the same demands, but we lost all our brand dealers in the last decade.  There's a few moped shops attached to repair shops, and one fairly racist Harley-compatible dealer, so... Alas.

-Crissa

[princec]

I'm very lucky to have an Energica dealer just up the road from me in Gillingham (UK). But not lucky enough to have a spare £25,000 and a level driveway

Cas

[DonTom]

I'm very lucky to have an Energica dealer just up the road from me in Gillingham (UK). But not lucky enough to have a spare £25,000 and a level driveway

Cas

Why do you need a level driveway for a bike that has a reverse and slow forward? And with a Bullet Brake, you can park it down hill.


-Don-  Reno, NV

[wavelet]

That's a huge investment in a company to invest an equal amount to the current total valuation in the company into it.

It's like they sold the company outright but the money all goes into the company instead.

-Crissa

The question is, who the buyer is... It's not an EV, motorcycle or mechanical/electrical tech player.
 
And frankly it's rather worrying.
Ideanomics started out as a food-supplement company (Alpha Nutraceuticals), morphed into another one in the space, turned into a Chinese broadband cable provider (China Broadband), then something to do with art galleries, then leasing funding for buses, than buzzword fintech (including "blockchains and AI"), then media investor.
I've left out various shady-sounding reverse mergers, name changes etc. CEO is also shady.
A quick browsing of their PRs in various guises: All meaningless and full of buzzwords.

WTF does any of that have to do with e-motorcycles?
50cc / 125cc -equivalent e-scooters & commuter motorcycles aside, it's going to take several years (5-10 at least, IMO) for e-motorcycles to become mainstream, so any serious player will need to be taking the long view.
A company which changes everything it does every two years or so Ideanomics looks like a bad match.
There's a strong whiff of private-equity funds which specialize in squeezing & killing off troubled tech companies for short-term profit.

IMO this is a disappointing development; one of the encouraging things about Energica was that they had a deep-pocket corporate parent in the automotive sector.
I hope Energica management & ownership know what they're doing...

[Crissa]

If they have the cash, it doesn't really matter what they invested in the past.

-Crissa

[wavelet]

If they have the cash, it doesn't really matter what they invested in the past.

-Crissa

They're now the decision makers (unless they don't have a majority of the voting shares).

It matters very much whether they care about e-motorcycles and/or EVs, and their RoI horizon-- just as much as the money. For startups in general, an investor should have added value far beyond the money. Taking a majority investor unrelated to the field is on the face of it a big red flag.

And the key people at that investor matter just as much... This is the guy who will now be the decisionmaker for Energica.
Oh, and both he personally and Ideanomics as a company have been sued at least twice for securities violations, and he's sued others.
Not a proof of guilt, to be sure, but doesn't look good.

[princec]

Why do you need a level driveway for a bike that has a reverse and slow forward? And with a Bullet Brake, you can park it down hill.

Not just downhill but up a step, through a gate, and round a 90 degree bend too... a disaster waiting to happen! I can only just manage the Zero in and out of it.

Cas