did some looking around, made some overseas calls, and other sort of stuffs.
the new owners are indian i believe, the singapore connection is probably a tarriff avoidance thing im thinking.
it appears they laid off / fired / forced to resign most of the original crew of Energica, and intend on replacing them with their people.
as for setting up the new shop, i have not confirmed it but was lead to believe that all the stuff is basically sitting in boxes waiting to be sent somewhere, not moving an inch. If i am mistaken id love to hear the update as to where the cargo is at, heading to.
California is shut down the shop is emptied out.
Sounds to me like a bunch of kids crowd sourced some money together to buy a motorcycle company because hey' it's cool, but have no idea really how to run a business. All these moves they have made so far, scream of that. Hopefully they are sincere about wanting to restart it and didn't buy it to purposely die so they can claim it as a write off on their overall 'portfolio'. We seen what happened last time some 'investment type' bought the company.
Given what i am hearing from shaking the weeds, and seeing, and from the basically total lack of any real communications with any substantive content from them, it's not looking good IMO.
I would like to see what their finances look like. Ok, whoopee you bought the company, congrats, NOW do you have the money to actually make it run. At this point, it's probably going to be about 5 million just to get back into production again. Where are they getting income from to sustain the company? They sure as fuck aint selling bikes or parts. They let all of their talent go, the mechs, the techs, the senior engineers, and so on, closed down the ONE shop, that actually kept them alive through all of this (nice way to thank the people who saved your ass you clowns). What's their plan? They have none that we've seen.
Well at least this time around, when it goes into bankruptcy again, it won't be with 20 million in debt over its head and it can be bought for a song, so the new owners can get it 3rd hand for a steal of a deal and make it work. If I thought anyone was interested, id consider looking into a crowd funding of owners to buy it and try to put it back together again.
what's so sad about all of this is, they were on the brink of profitability, the Experia was about to start screaming, they had a bunch of orders, but the ideanomics mother fuckers purposely let them rot. more of them should have ended up in prison for what they did and how they cooked their books etc IMO. It wasn't like they were trying to re-invent the wheel, they already had one, an electric one, rounded the corners off and it started rolling, until.....
Anyone official with Energica have ANYthing to say about this?
Aaron