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Author Topic: Bad News  (Read 5453 times)

i.ngma.r

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Re: Bad News
« Reply #15 on: October 15, 2024, 11:48:18 PM »

It‘s funny and sad how stuff happens. I specifically did not buy a cheap Chinese make, because my dealer warned me about the Service Situation.
Now Modena is only a few Hours from here and its the Situation i wanted to avoid.

My Experia just came back from Service and got the latest Software. Lets hope she will just Roll for years to come.
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wadejesu

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Re: Bad News
« Reply #16 on: October 16, 2024, 12:33:18 AM »

I have a 23 Ribelle RS with 600 miles if anyone wants to buy
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ultrarnr

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Re: Bad News
« Reply #17 on: October 16, 2024, 02:46:53 AM »

Anyone tried reaching out to Energica US to see if anyone answers the phone?
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EvaMuc

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Re: Bad News
« Reply #18 on: October 16, 2024, 02:54:12 AM »

https://temponews.it/2024/10/15/energica-motor-company-di-soliera-aperto-il-fallimento/

IDK how the Italian laws operate. Here in Germany you can declare insolvency to get a first protection from creditors to be able to maybe get the company on track again.
So maybe it is not completey over RN.

The mechanical spare parts can be got on the free market. Only of the rear brake disc I don't know the Brembo spare part number yet.
But if the bike needs any electronic components, then we're fucked.

Hi,

looks like the shop will be liquidated. Manufacturing facilities, patents, and intellectual property will be sold to pay at least the outstanding employees salaries and taxes.

See (in german) https://www.motorradonline.de/ratgeber/energica-insolvenz-und-liquidation-ende-elektro-pionier/

Would not expect that anything will survive, and i doubt that they have large stock of spare parts someone could buy and build a parts service on the legacy.
Agree that mechanical stuff can be repaired or replaced somehow with others parts, and many standard components seem to be used by other ICE bikes.
There may be some larger dealers with a decent customer base who'll try to keep some small level of service running, e.g. to flash latest firmware again to reset electronic errors, but if something dies in battery or electronics noone will be able to replace and we're fu****.

Let's keep the community running and try to support us with knowledge sharing on solutions where possible.
Greetings from Munich, Jens
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Stonewolf

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Re: Bad News
« Reply #19 on: October 16, 2024, 03:08:52 AM »

As for the future, I'm going to ride it till it breaks and then try to fix it and ride some more. It's a sunk cost so I'm going to get the most I can out of it.

Yeah, I was only looking to sell mine because I'm nearly as broke as Energica at this point but now I'm going to keep it, keep it going as long as I can, and probably have a go at a battery rebuild in a few years time.

I reached out to EEMC (UK Distributers) to commiserate and they said they'll be in touch with their customers once they have a clearer idea what's going on.
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Richard230

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Re: Bad News
« Reply #20 on: October 16, 2024, 03:47:55 AM »

In the news today it was reported that pre-owned EV vehicle sale prices have tanked due to dealers having too large of an inventory for the market and because Tesla and other manufactures have cut their new vehicle prices recently. Tesla was said to have cut their new model prices by one-third since 2022, driving down used vehicle sale prices. I wouldn't even want to think how much a used electric motorcycle is worth now, compared to its original price. Unless you get really lucky to find a buyer for your bike, it seems like the best you can do is to keep riding your Energica and hope nothing goes wrong with its battery, power train and other special parts that are not available in the aftermarket. What a sad situation.

It is really too bad that a big ICE manufacturer didn't swoop in and pick up Energica. I would have saved them a lot of money and effort when they finally eventually get around to making their own electric motorcycle.
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Richard's motorcycle collection:  2018 16.6 kWh Zero S, 2020 KTM 390 Duke, 2002 Yamaha FZ1 (FZS1000N) and a 1978 Honda Kick 'N Go Senior.

flynnstig82r

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Re: Bad News
« Reply #21 on: October 16, 2024, 04:30:44 AM »

It’s definitely sad. I don’t see anyone else equaling the Experia (or even trying in that segment) for several years, especially if we’re indeed in a broader recession with less investment in R&D for the next couple of years. As I’ve pointed out in other threads, I think the industry is just in an awkward place for e-moto research. The companies who are interested are already running their own electric prototype programs or testing the waters with electric bikes, and the ones that aren’t, well, aren’t.
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Past bikes:
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2011 Ducati Multistrada 1200 S Touring
2016 MV Agusta Turismo Veloce 800
2012 Yamaha FZ6R

AsHperson

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Re: Bad News
« Reply #22 on: October 16, 2024, 07:02:08 AM »

It’s definitely sad. I don’t see anyone else equaling the Experia (or even trying in that segment) for several years, especially if we’re indeed in a broader recession with less investment in R&D for the next couple of years. As I’ve pointed out in other threads, I think the industry is just in an awkward place for e-moto research. The companies who are interested are already running their own electric prototype programs or testing the waters with electric bikes, and the ones that aren’t, well, aren’t.
I was thinking the same thing. The R&D is lacking with anyone but Zero who hasn't developed into CCS yet. I'm really sad about the whole thing and I want to see if there's any way I could get the usb harness, the diagnostic software, and the full service manuals as they don't have anything they need to really keep secret any more for competitive reasons.
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Upcoming:
2023 Energica Experia LE
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2020 Energica SS9
2013 Honda CB1100
Previous:
2020 Zero SR/S[LL]
1988 Honda Hawk GT[SOLD]
2018 Triumph Street Triple RS[LL]
2015 Yamaha FZ-07[TOTALED]

jotjotde

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Re: Bad News
« Reply #23 on: October 16, 2024, 11:36:25 AM »

I always hoped, Ducati would buy Energica, but they are daddling in e-moto on their own and honestly I do not think we will see an E-Duc somewhere in the near future.

KTM would have been an excellent option as well, they bought several smaller manufacturers over the last years and by aquiring Energica they would instantly have access to working (!) EV know-how.

In my view it is obvious that Energica has no spare parts on stock somewhere. Since months the dealers had to pay upfront when placing an order and we know from folk in this forum that customers had to wait for months until delivery.

So, if some control unit like VCU, CM or else goes up in smoke, the bike is a brick. Or in case of a crash. Only solution would be to buy a working bike and slaughter it for the spare parts.
Here in Germany, an astounding number of used Energicas are now on offer. It seems, quite a large number of owners try to get rid of them.

As the situation currently is, I plan to ride my Ribelle as long as possible and then either quit riding or go fossil.
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Beauceron

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Re: Bad News
« Reply #24 on: October 16, 2024, 12:33:42 PM »

Perhaps one should not ignore the chance of the Chinese / Indian manufacturers to buy Energica. It would be an opportunity for them to have real motorcycles in their portfolio alongside small scooters and e-bikes in one fell swoop and they now have the know-how...
For me it is like jotjotde says, drive until you can't drive any more. Unfortunately, from now on I have a bad feeling that if you break down you need to take it home and not to a dealer for repair, that woult it be for me with the hobby of motorcycling...
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i.ngma.r

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Re: Bad News
« Reply #25 on: October 16, 2024, 01:27:17 PM »

Where do you See an astounding number?
I checked yesterday and found only the usual 10-20 offers.



I always hoped, Ducati would buy Energica, but they are daddling in e-moto on their own and honestly I do not think we will see an E-Duc somewhere in the near future.

KTM would have been an excellent option as well, they bought several smaller manufacturers over the last years and by aquiring Energica they would instantly have access to working (!) EV know-how.

In my view it is obvious that Energica has no spare parts on stock somewhere. Since months the dealers had to pay upfront when placing an order and we know from folk in this forum that customers had to wait for months until delivery.

So, if some control unit like VCU, CM or else goes up in smoke, the bike is a brick. Or in case of a crash. Only solution would be to buy a working bike and slaughter it for the spare parts.
Here in Germany, an astounding number of used Energicas are now on offer. It seems, quite a large number of owners try to get rid of them.

As the situation currently is, I plan to ride my Ribelle as long as possible and then either quit riding or go fossil.
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jotjotde

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Re: Bad News
« Reply #26 on: October 16, 2024, 02:27:40 PM »

Where do you See an astounding number?
I checked yesterday and found only the usual 10-20 offers.


 ;D That number I do not regard as usual, considering that only 1 or 2 used bikes were on sale two years ago.
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i.ngma.r

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Re: Bad News
« Reply #27 on: October 16, 2024, 03:05:12 PM »

Sorry, I meant only the usual 10-20 Energica offers from the different dealers, Not specifically for used ones.
For example atm there are 5 offers for Experias, all from dealers.
Lets see what happens to the market.
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T.S. Zarathustra

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Re: Bad News
« Reply #28 on: October 16, 2024, 05:23:51 PM »

I don't see anyone purchasing Energica (the company). For established company the possible costs (unpaid salaries, debts, unbreakable lease contracts, possible warranty issues, etc.) is probably higher than the design costs of the drivetrain and battery for electric bike. Established company would already have production lines. Regular individuals aren't likely to have the funds. Energica holds few or no patents. Too many unique parts vs. volume of bikes for it to be economical to keep much stock. The brand name itself is probably the biggest asset.

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Stonewolf

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Re: Bad News
« Reply #29 on: October 16, 2024, 05:39:28 PM »

The company isn't for sale, it's assets are. That'll be anything they have in the factory, supply contracts with still outstanding deliveries that are already paid for, the brand itself, patents, IP, etc ...

The company is done, it's gone, a revival of Energica would be more like Triumph. Triumph isn't Triumph, some guy bought the brand and IP and set up a fresh new company around it. This does mean that if someone with a real interest in making bikes were able to snap up enough of the liquidation we could see a revival via a whole new company without all the debts Energica will have racked up but there's a reason you don't see that happening all the time, it is *not* cheap to do.

As for releasing source code and stuff like that, sorry but that all falls under IP. Energica will have spend a lot of time working on that software, tweaking it, building up institutional knowledge of how electric motorbikes perform and what they need and that will all be baked into the software and described in their internal documentation. That stuff is probably the most valuable part of Energica since I expect you can't get it by just hiring in some car guys.
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