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[Pard]

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.

True.  True.

Anyone with a bike can have any part reverse engineered (hacked) especially the software, if they were so inclined.

 With the company gone, I would expect pirated software to emerge soon enough.

 Reduced risk for the specialists when the company is no longer operational.

[Richard230]

It seems like Energica's designers and engineers should have opportunities for new employment if they don't mind relocating to other areas in the EU or maybe elsewhere.

[SBK74]

One of the reasons why other brands have not come up with EV bikes is related to image and brand identity. What Energia has established, is creating a positive, authentic image of a European EV motorcycle  that is fast, good-looking, competitive and more or less accepted (or least mocked on) by OG bikers. That, together with their own EMCE Mavel motors is te best selling point for someone to keep the brand alive. Electronics, battery assembly, wiring harness is all common knowledge and can be consulted on. I really hope someone picks up the glove.

[triangletom]

In what may be one of the dumbest things I’ve ever done, I reached out to Stefano B. (US CEO) last night to see if there are any Experia’s available for purchase, and there are still ones in White & Black available stateside at a steep discount. I went for a white one.

I was waiting to see if there were any model updates at EICMA, but I guess not.

As a CE 04 owner who has suffered through the range anxiety of 1500mi trips with a small battery, I figure the Experia was my only shot at long distance touring with DC support for the next 2-3 years. Hopefully it will last that long without needing repairs.

[flynnstig82r]

How steep are we talking?

[Pard]

In what may be one of the dumbest things I’ve ever done, I reached out to Stefano B. (US CEO) last night to see if there are any Experia’s available for purchase, and there are still ones in White & Black available stateside at a steep discount. I went for a white one.

I was waiting to see if there were any model updates at EICMA, but I guess not.

As a CE 04 owner who has suffered through the range anxiety of 1500mi trips with a small battery, I figure the Experia was my only shot at long distance touring with DC support for the next 2-3 years. Hopefully it will last that long without needing repairs.

I applaud your courage!  Should be fine.  Overwhelmingly reliable machines.

[smithy]

Just a curious thought for those people who have ordered and paid a deposit for a new bike but have not yet received them...what happens in this case..??

Also those of us who ordered and paid for center stands for our Experias but never received them...I suspect we've done our money.??

God help us, (on all of the Energica models), if one of the major components fails, motor, battery or one of the charge/motor controllers..?? What will happen in that case..??

If someone has an accident and needs replacement panels, parts etc...??

Smithy.

[jotjotde]

Just a curious thought for those people who have ordered and paid a deposit for a new bike but have not yet received them...what happens in this case..??
Also those of us who ordered and paid for center stands for our Experias but never received them...I suspect we've done our money.??

Those people are now creditors of a company in liquidation. Usually, a court-nominated liquidator will try to sell the company's assets as best as possible and will distribute the money according to priority. First priority have the employees, they will get their outstanding salaries etc. After that is done, the liquidator's fees will be paid. The rest of the money (if there is any) will then given to the other creditors. Shareholders will come last.

[i.ngma.r]

After thinking about it for the past two days now, I will
put up my Experia for sale, I will not Push it and desperately try to get rid of it. Rather I will keep riding it and see if someone is interested.
Luckily it was just fully serviced.

[Grauteufel]

not.

As a CE 04 owner who has suffered through the range anxiety of 1500mi trips with a small battery, I figure the Experia was my only shot at long distance touring with DC support for the next 2-3 years. Hopefully it will last that long without needing repairs.

My twin!

[JaimeC]

Maybe a light at the end of the tunnel?
https://thepack.news/marchel-bulthuis-the-dutch-importer-of-energica-responds-to-the-current-situation/

[EsseEsse]

Maybe a light at the end of the tunnel?
https://thepack.news/marchel-bulthuis-the-dutch-importer-of-energica-responds-to-the-current-situation/

Unfortunately, he's wrong. Maybe Dutch bankruptcy is different enough that he got confused but here's the first sentence of Energica's official statement:

Energica Motor Company SpA, a manufacturer of high-performance electric motorcycles 75% controlled by the American fund Ideanomics Inc., announces that its Board of Directors meeting held on 14 October 2024 at 3:00 p.m. resolved to enter into a bankruptcy judicial liquidation pursuant to art. 121 et seq. of the insolvency law.

https://www.energicamotor.com/en/news/energica-press-release-14-october/

[i.ngma.r]

Apparently in 2022 there was a change to the law putting a greater emphasis on Business continuation:
https://www.engage.hoganlovells.com/knowledgeservices/news/the-new-italian-insolvency-code-a-predicted-revolution

It’s very confusing since the term is still liquidation, but from my understanding liquidation (selling all Assets to Cover Debts) is indeed not the only possible procedure After this Change.

At least that is what I get from this part (refering to Art 121):

„ Beyond this, the idea behind the reform is to shift from a distress regulation system centred upon asset liquidation – a role held unchallenged for more than sixty years, and already partially mitigated with the 2005 and 2006 bankruptcy law reforms – by promoting crisis regulation procedures encouraging business continuation and recovery where feasible, and are based on an increased autonomy of the market players.“

[Beauceron]

sound a bit more like the German system, where you have different possibilities...

[Specter]

Ive reached out to them about financial support but have not heard a word about anything.

I have my bike in their shop, ... waiting to hear what it will cost to fix,  and now I can't get anyone to answer any e mails about it.

Maybe the bankruptcy will allow them to wash their hands of the shit that happened,  tighten shop quite a bit, and re emerge as a smaller, leaner company that has a fresh start.. somewhat and go from there.

Supposedly they had the deals pretty much signed for a shit ton of the experia's to be marketed.  They HAD / HAVE to do something to get themselves away from ideanomics legally, so the cancer that it is, does not stay with them.   Bankruptcy is the way to do that.

liquidate the old company, sell the assets to your wifes brother in law, and open up a new company, new start, doing the same ole thing.  It's a common tactic in florida with contractors  

This might not be the end of the world totally yet.  This could be them just cleaning house, to GET the clean start.   See,if we can start over from fresh, we KNOW how to market the bikes, we HAVE the orders, and we HAVE steady business with the bikes that are already out there!!   BUT>>>>>>>  If we have 20 million of debt strangling us because of ideanomics cuntfuckery we'll never be able toget out from under it and BE the company we need to.

How many times did big companies,  GE, Chrysler, etc go tits up, and come out the otherside better off.

Maybe im being naieve but I want to think this is a new beginning possibly,  not a horrible end.   and YES of course I do, I got close to 100k invested in this shit already.


Why can't WE ALL who own these things,  buy stock in the new company, and bring it up as an owner / investor thing.  There are plenty of options here, they don't HAVE to have one huge investor, but have a bunch of smaller,  float a bond.     The most frustrating thing is not knowing a thing about whats going on, but if they ARE in bankruptcy trying to get out from the shit fuck, they can't talk, it's a poker game they are playing right now and they can't show their hand.

Lets hold out hope.

Aaron

Aaron