Velocette Records

Kenyans order 100 electric buses as part of KCB funding

October 4, 2022 Diana M. Cuyler Motorcycle Business

Companies

Wednesday 05 October 2022

A fully electric BasiGo passenger bus. PICTURES | BasiGo

Electric bus supplier BasiGo has signed a financing agreement with KCB Bank to scale up operations in Nairobi after a seven-month pilot project.

The deal will see the Kenyan bank extend a three-year loan facility covering up to 90% of the 5 million shilling purchase price for the electric buses.

The company which launched operations in Nairobi in March 2022 in conjunction with Citi Hoppa and East Shuttle says the electric buses have traveled 90,000 km carrying more than 112,000 passengers.

The company says it has received more than 100 bookings for its K6 electric bus and wants to increase supply next year, partnering with KCB to target passenger service vehicles.

“The key to getting electric buses on the road in Kenya is to make them affordable for PSV owners. The partnership we signed today with KCB Bank is a game-changer. It will allow bus owners to get a asset financing for an electric bus exactly in line with how they buy diesel buses,” said Jit Bhattacharya, CEO and co-founder of BasiGo.

BasiGo sells the electric buses directly or through a rental model and the company retains ownership of the battery in the bus.

The battery is then leased to the operator PSV via the Pay-As-You-Drive subscription of Sh20 per kilometer.

BasiGo says they mitigate risk to PSV operators by guaranteeing battery performance and providing all bus charging and maintenance.

Electric vehicles are attracting the financial mass of lenders concerned with securing green financing and complying with Environmental Social Governance (ESG) regulations.

The NCBA Group has launched a 2 billion shilling electric vehicle financing as customers increasingly turn to battery-powered cars amid the fight against climate change and rising global oil prices.

The five-year agreement will allow customers to benefit from asset financing of up to 80% of the total cost.

In addition, the NCBA will grant a 10% interest rate on a declining balance for electric vehicle loan applications received within the first 90 days.

Besides banks, e-mobility companies are also using companies like M-Kopa and Watu to buy smaller motorcycle and tuktuk units.

Electric motorcycle companies are leveraging partnerships with asset finance lenders to drive sales in Kenya by targeting boda boda riders.

Swedish-Kenyan tech company Roam has partnered with M-Kopa to deliver a fleet of motorcycles by the end of 2022, in time for a mass rollout in early 2023.

ARC Ride Kenya, which has launched a factory in Kenya producing 500 two- and three-wheel electric scooters and bicycles each month, has also partnered with MKopa and Watu credit to be able to offer the product on flexible financing terms.

As companies like Arc Ride and BasiGo seek to bring affordable electric vehicles to market, a new industry is forming, battery charging hubs that will replace gas stations in the future.

Kenya Power said it would start building electric charging systems for homes, businesses and the public across the country as the shift to clean transport gains momentum.

The electricity distributor said it had enough electricity to charge 50,000 buses and two million motorbikes during off-peak hours.

The Electricity Utility is looking for a company to build an Electric Mobility Network Infrastructure System (ENIS) in Nairobi and Nakuru to pilot the charging stations.

The Kenya Electricity Generating Company (KenGen) has also installed an electric vehicle charging station in Nairobi as the state agency joins other players driving the e-mobility push.

Digital Camera Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027

October 3, 2022 Diana M. Cuyler Motorcycle Price

“Digital Camera Market Report and Forecast 2022-2027”

Global Digital Camera Market Size to Reach USD 9.78 Billion by 2027

The Global Digital camera market shareSize, Price, Trends, Growth, Analysis, Report and Forecast 2022-2027′ by Expert Market Research provides an in-depth view of the global Digital Camera market, assessing the market on the basis of its segments such as type and major regions .

The report studies the latest market updates along with their impact on the market. It also analyzes market demand, along with its price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces models.

Get a free sample report with spreadsheet [email protected] https://bityl.co/EqhK

Digital Camera Market Share, Size, Industry Report, Key Player, Major Segments and Forecast

Key highlights of the report include:

Market Overview (2017-2027)

• Historical market size (2021): 7.19 billion USD• Forecast CAGR (2022-2027): 4.7%

• Forecasted market size (2027): 9.78 billion USD

The demand for digital cameras is increasing with the growing photography trend as these devices help to capture and store videos and photos digitally instead of printing them on film like traditional analog cameras. These devices also offer basic image editing functions, involving image enhancement and cropping, which is driving the demand for the digital camera market across the world. Other key features are BSS best shot selector, burst shots, autofocus, optical zoom, ISO and AWB updates.

Apart from taking photos, various digital cameras are effective in recording videos. It uses a lens with a variable diaphragm to modify electronic lighting and a viewfinder monitor to display video or a captured image.

The main advantage of digital photography is its immediate visibility of images and videos coupled with image editing software which is used to recolor, crop, adjust contrast/blemishes and combine single or multiple images. This is further expected to boost the global market demand for digital cameras.

Growing social media platforms such as Instagram are propelling the growth of digital camera market. They offer consumers around the world the opportunity to engage in photography. Most of the users capture images using professional DSLRs and then post them on the social media platform, rather than just capturing photos through phones.

Digital Camera Industry Definition and Major Segments

A digital camera is also called digital camera. It uses an electronic image sensor to record videos and capture still images. Its optical system works like a film camera, in which a diaphragm and a lens are used to modify the illumination of the electronic image sensor. Digital cameras are used by expert, professional and non-professional photographers with several automated control features. New generation digital cameras allow easy handling of most functions.

Read the full report with the table of [email protected] https://bityl.co/EqhA

On the basis of Type, the digital camera market is segmented into:

• Cameras with interchangeable lenseso Single-lens reflex (SLR) digital cameraso Digital range finders

o Line-scan camera systemso Mirrorless camera

• Built-in lens camerao Bridge cameras

o Compact digital cameras

Based on region, the market is split into:

• North America• Latin America• Asia Pacific• Europe

• Middle East and Africa

Digital Camera Market Trends

Rising demand for lightweight cameras coupled with premium digital cameras and increasing applications of digital cameras in sports, entertainment and media are driving the growth of the digital camera market. The growing demand for single lens DSLR cameras is likely to fuel the growth of the digital camera market due to a rise in digitalization. Their ease of use along with high demand related to similar markets is expected to propel the growth of the digital camera market over the forecast period.

Going further, single-lens DSLR cameras have developed as a nascent segment providing high-quality images. Moreover, the evolution of technology like the assimilation of AI as well as the expansion of lightweight mirrorless cameras are expected to fuel the growth of the digital camera market over the coming years. Rising investment by major market players and increasing involvement in travel and tourism activities coupled with growing demand for modern cameras among several users is expected to increase the growth of the digital camera market across the world.

The demand for lightweight, compact and high-quality cameras is skyrocketing with growing consumer interest and enthusiasm for visual capture. Additionally, the emergence of digital cameras along with smartphones has built a mainstream photography profession. Growing demand for premium quality cameras with user-friendly interfaces along with affordable prices is further positively influencing the demand for the digital camera market. Commercial photography’s reliance on digital cameras is driving market demand, for example action photography is driving demand for compact digital cameras.

Geographically, the Asia-Pacific region is expected to witness significant growth in the digital camera market due to growing consumer affluence and growing population in the region.

Main market players

Key Players Covered in Global Digital Camera Market Report:

Canon Inc.,
Sony Company,
Nikon Corporation,
Panasonic Company,
Olympus Society,
others.

The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

District heating market- https://bityl.co/Eqgi

Electric mobility market- https://bityl.co/Eqgq

Lithium-ion battery manufacturers: https://bityl.co/Eqgx

Electric Scooters and Motorcycles Market- https://bityl.co/Eqh7

About Us:

Expert Market Research (EMR) is a leading market research company with clients worldwide. Through comprehensive data collection and skillful data analysis and interpretation, the company provides its clients with comprehensive, up-to-date and actionable market insights that enable them to make informed and intelligent decisions and strengthen their position in the market. market. The customer base ranges from Fortune 1000 companies to small and medium-sized businesses.

EMR customizes syndicated reports based on client requirements and expectations. The company is active in more than 15 leading industry fields, including food and beverage, chemicals and materials, technology and media, consumer goods, packaging, agriculture and chemical products. pharmaceuticals, among others.

Over 3,000 EMR consultants and over 100 analysts work very hard to ensure that clients get only the most up-to-date, relevant, accurate and actionable information in the industry so they can formulate informed business strategies , efficient and intelligent and secure their market leadership.

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TVS Motor Company sales increase 9% in September 2022

October 1, 2022 Diana M. Cuyler Motorcycle Business

Hosur, Tamil Nadu, India (NewsSee) TVS Motor Company recorded a growth of 9% in September 2022 with sales of 379,011 units compared to 347,156 units in the month of September 2021. Two-Wheelers Total two-wheelers recorded a growth of 9% in September 2022 with sales increasing from 332,511 units in September 2021 to 361,729 units in September 2022. The domestic two-wheeler recorded a growth of 16% with sales increasing from 244,084 units in September 2021 to 283,878 units in September 2022. Motorcycle saw 2% growth with sales rising from 166,046 units in September 2021 to 169,322 units in September 2022. Scooter saw 39% growth with sales rising from 104,091 units in September 2021 to 144,356 units in September 2022. TVS Motor Company has had a start to the holiday season and demand is expected to further accelerate during the season. International Trade The Company’s total exports recorded sales of 92,975 units in September 2022 compared to sales of 102,259 units in September 2021. Two-wheeler exports recorded sales of 77,851 units in September 2022 compared to 88,427 units in September 2021. On the international markets front, there is marginal improvement, however, challenges related to economic slowdown and rising inflation persist. We are cautiously optimistic that the sales momentum will continue to improve. The Company’s three-wheeled vehicle recorded 18% growth with sales increasing from 14,645 units in September 2021 to 17,282 units in September 2022. Electric Vehicle The Company sold 4,923 units of TVS iQube Electric in September 2022 against sales of 766 units in September 2022. September 2021. Second Quarter Sales Performance In the second quarter of the current fiscal year, two-wheelers recorded a growth of 12% with sales of 9.77 lakh of units against sales of 8.70 lakh units in the second quarter of FY21-22. The company’s three-wheeler recorded 7% growth with sales of 0.51 lakh units in the second quarter of this year compared to 0.47 lakh units in the second quarter of FY21 -22. About TVS Motor Company TVS Motor Company is a globally renowned manufacturer of two and three wheelers, championing progress through sustainable mobility with four state-of-the-art manufacturing plants in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia . Rooted in our 100-year heritage of trust, value and passion for customers and accuracy, we pride ourselves on manufacturing the highest quality, internationally aspirational products through innovative and sustainable processes. We are the only two-wheeler company to have received the prestigious Deming Award. Our products lead their respective categories in the JD Power IQS and APEAL surveys. We have been ranked the #1 company in JD Power’s Customer Service Satisfaction Survey for four consecutive years. Our UK based Norton Motorcycles group company is one of the most emotive motorcycle brands in the world. Our subsidiaries in the field of personal electric mobility, Swiss E-Mobility Group (SEMG) and EGO Movement, occupy a leading position in the e-bike market in Switzerland. TVS Motor Company strives to provide the most superior customer experience in the 80 countries in which we operate. For more information, please visit www.tvsmotor.com.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

Brand stories. Triumph Engine; glory with the roadsters then assisted suicide

October 1, 2022 Diana M. Cuyler Motorcycle Brand

The brand was born in 1885 under the name of S. Bettmann & Co. It was founded by Siegfried Bettmann, a German based in London who markets bicycles that he imports from mainland Europe.

The name Triumph was registered in 1886 by Sigfried Bettmann; he wanted the name to be easily pronounceable in German, English and French. Two years later Triumph began manufacturing bicycles in Coventry, then continued to manufacture motorcycles from 1902.

This part of Triumph will experience financial difficulties due to the financial crash of Wall Street in 1929 and will be sold in 1936; Triumph motorcycles still exist.

The logo adopted in 1950 that will be found on the grille of the Triumph Herald. Photo RD

The TCP, the first British production car equipped with hydraulic brakes, was presented in 1925. In 1933, new management took over the reins of Triumph.

He will create a range of cars (sedan, roadster and sport) very well equipped around the Gloria, but sales do not follow. In 1936, it was the turn of the Dolomite, a small roadster, to arrive; 140 hp engine, top speed of 200 km/h but its price was too high for the time.

After the sale of the motorcycle division in 1936, the finances are still in the red and Triumph passes under administrative control in the summer of 1939. In 1945, the factories destroyed by the bombings, Triumph only has to rebuild.

Going through standardization

The future of Triumph goes through a new owner; John Black, already head of Standard automobiles, began by producing an 1800 sedan and then a roadster which did not find their customers.

In 1949, to standardize production, the Triumphs received engines and transmissions from Standard; in 1950, the sedan recovered the chassis of the Vanguard to become the Triumph Renown.

That year, at the Earl’s Court show, Triumph presented a prototype sports car with a Standard engine fitted with overdrive, retractable headlights and an electrically opening bonnet. Too futuristic, it was abandoned after two copies.

Based on the same chassis as the Herald, the Spitfire is a more economical version of the British roadster. Photo RD

In 1952, a simpler prototype (called TR1) gave birth to Triumph’s greatest commercial success: the TR line – for Triumph roadster – which represents more than 200,000 units sold.

The TR2, which arrives shortly after, reaches 170 km/h with its 90 hp 2-litre. In 1956 it was the TR3 with front disc brakes. We have to wait until 1961 to see the TR4; it is designed by Italian Michelotti and fitted with a larger 2.2L engine and a fully synchronized gearbox.

Finally, the TR4 becomes TR4 A IRS with the adoption of an independent rear suspension.

The first sedan for 30 years

Triumph benefited from many orders while Standard vegetated because of unsuitable products. The Standard-Triumph group is investing 2 million pounds for a new sedan project under the Triumph brand.

This will be the Triumph Herald, also designed by Michelotti. Available as a coupé and a 4-seater convertible, it is appreciated despite sometimes erratic behaviour; it stops in 1971. Triumph will use the chassis to produce a more rustic roadster than the TR4: the Spitfire; it will start in 1.1 l to go to 1.3 (75 hp) and finish in 1.5 l. A Spitfire with a 6-cylinder 2-litre engine and a wishbone rear suspension made its appearance in 1966: the GT6.

Certainly the most desirable model in the series, the TR6 is the last real car signed Triumph. Photo RD

In 1961 Triumph was taken over by Leyland Motor Corporation which discontinued the Standard brand. In addition to the roadsters and the Herald, Leyland added the 2000 saloon. In 1968, Leyland merged with BMC and Triumph found itself competing with MG and Rover.

In 1969, Triumph presented the last true TR, the TR6 designed by Karmann. At that time, the USA absorbed up to 75% of production, but new anti-pollution and passive safety standards led the brand to offer a new car fitted with a fixed roof: the TR7, which would be followed by a TR8 with engine. V8 Rover.

Triumph resumes the name of Dolomite, after the small roadster of 1936. This time, it is a sedan which will have a sportier derivative under the name of Dolomite Sprint with 127 hp. Photo RD

In 1970, Triumph released a final sedan, the Dolomite, available in a sporty 127 hp version: the Dolomite Sprint. British Leyland’s biggest problem (following the merger between Leyland and British Motors Corporation) lies in the fact that its activities are based on exporting to the USA, which has just tightened its standards.

British Leyland tried to survive by adapting the Honda Ballade which became the last car to bear the Triumph name in 1981: the Triumph Acclaim. Despite excellent sales, the adventure ended in 1984; The triumph disappears.

The Toronto store loved by Jason Momoa is closing for good with a huge clearance sale

September 29, 2022 Diana M. Cuyler Motorcycle Sale

A one-of-a-kind, cultural must-see retail store on Toronto’s Ossington Strip will close its doors for good next month after more than a decade of serving the community – but that’s not bad news for customers (not those who appreciate deep discounts, at least. )

City Motorcyclea motorcycle lifestyle store located at 132 Ossington Ave. announced earlier this month that it would end operations in October, with an initial shutdown date scheduled for October 31.

A note posted on the door of the business seen on Sunday, however, says the physical store will now close on October 2 due to the overwhelming customer response and rapidly dwindling inventory.

A note on the door of Town Moto explains why the beloved store is closing and what customers can expect.

The shop notes that it could close even sooner if stocks run out, and that could very well be the case thanks to insane clearance prices: as a final thank you to fans and friends, the company is selling all stock. staying in store for at least 25% cents off, making this a great time to invest in a cool biker jacket or a silver skull ring.

Helmets, jackets, gloves, boots, sunglasses, t-shirts, sweaters, toques, gifts and more can be found in addition to what the store considers “everything you need to maintain, modify and build a motorcycle, including maintenance products, parts, tools and manuals.”

Town Moto branded merchandise (including their many awesome t-shirts) is a staggering 50% off, with all sales final.

“At the start, we had a simple goal to create something that we felt didn’t exist in motorcycling. We never expected it to turn into something that would allow us to work with so many great people. , to engage with a community both within and beyond motorcycles. , and contribute so profoundly to our lives in personal ways,” read a letter on the store’s front door.

“We were very lucky to have turned something we dreamed of into a real business. With so many seasons in business, there is also growth and change! After a decade in the space, we feel we have achieved what we set out to do and we are ready for the next Chapter.”

The Town Moto team goes on to say that they have forged many relationships with brands, the community and individuals…one of which is Khal Drogo himself, actor and motorcycle enthusiast Jason Momoa.

Momoa isn’t mentioned in any marketing materials, and staffers aren’t one to drop his name, but the star is rumored to be a huge Town Moto fan. He has been spotted leaving the company on several occasions and appears to have witnessed some of the many community events hosted by the shop while filming in Toronto.

The Aquaman star was filmed last April run his engine outside the workshop and cruise through Ossington, but that’s not what makes Town Moto cool. Not by far.

“You don’t need to own a motorbike to be welcomed into Town Moto, we have an assortment of casual wear, books and everyday accessories! Need some advice on getting started with motorcycling? We’ve got you covered. too !” reads the store’s website, epitomizing in one sentence why locals love Town Moto.

“The motorcycling community is an important part of who we are and what we do. Throughout the year, we strive to foster and support our motorcycling community with free tech nights, events, sponsorships and promoting other inclusive events in the community.”

Anyone familiar can agree that the store had a major (if not the biggest) impact on Toronto’s now thriving motorcycle culture. No word yet on what might replace them or if they will reopen elsewhere.

“We are very lucky that this was a personal choice and that our love of motorcycling and the independent trade did not weigh heavily,” read the closing note on the store door.

“We can’t promise anything about where you’ll find us in the future, but chances are it’ll still be on a motorcycle! Thank you for being part of this journey and we can’t wait to see what who will follow!”

Berjaya Corp’s JV plans to sell RM1 bil – MARC bonds

September 29, 2022 Diana M. Cuyler Motorcycle Sale

KUALA LUMPUR (September 29): Chailease Berjaya Credit Sdn Bhd (CBC), a joint venture (JV) between Taiwan-based Chailease Holding Co Ltd (CHC) and Berjaya Corp Bhd (BCorp), plans a billion bond sale of RM as CBC is expanding its financing operations for new motorcycles, Malaysian Rating Corp Bhd (MARC) said on Thursday (September 29th).

“[MARC] has assigned a preliminary rating of AA-(cg) to CBC’s proposed RM1 billion medium-term note (MTN) program. The rating outlook is stable. The program carries an unconditional and irrevocable guarantee from CBC’s ultimate holding company, CHC,” MARC analysts wrote in a note.

CBC is a 70/30 joint venture between CHC and BCorp, according to MARC.

CBC, with a funding portfolio of RM1.9 billion in the first half of 2022 (1H22), expects to maintain its current double-digit annual growth rate amid a rising interest rate environment coupled with inflationary pressure to the mind.

“[MARC] takes comfort in its established underwriting and collection measures which have been adopted from the proven guidelines and policies of its Taiwan-based sister company, Chailease Finance Co Ltd (CFC), CHC’s main operating subsidiary,” a- he declared.

MARC noted that CBC’s asset quality measure is stable, with its gross impaired funding ratio (GIF) sitting at a low 1.7% at the end of HY22, slightly above 1.6% there. one year old.

In HY22, CBC’s interest income increased 16.6% year-on-year to RM142.2 million, matching its pre-tax profit, which increased to RM69.4 million. Other than that, the net interest margin has been strong, hovering above 11%, and CBC relies primarily on bank borrowings, which have increased alongside its asset growth to $1.5 billion. RM at the end of 1H22.

MARC noted that CBC’s reliance on short-term revolving credit has declined to 36.9% as a proportion of total borrowing from its peak of 60.3% at the end of 2020.

“CBC’s growth has been supported by periodic capital injections from its shareholders, CHC and BCorp, totaling RM175 million since its inception in October 2015,” the rating agency added.

Therefore, the proposed MTN program reflects the credit strength of CHC’s unconditional and irrevocable guarantee.

CHC’s consolidated funding portfolio stood at T$613.8 billion (RM90.9 billion) at the end of HY22 with a GIF ratio of 2.2%. MARC Ratings has assigned a public information rating of AA-/Stable to CHC.

At the time of writing, BCorp’s share price rose 0.5 sen or 2.17% to 23.5 sen, valuing the group at RM1.38 billion.

Motorcycle activity resists despite a “difficult” environment

September 27, 2022 Diana M. Cuyler Motorcycle Business

Harley-Davidson (HOG) CEO Jochen Zeitz says demand for motorcycles is strong despite global stock market turmoil.

“I think we’re doing very well given the environment we’re in,” Zeitz said on Yahoo Finance Live (video above). “We did the ‘Rewire’ program during COVID, when it started. We have our ‘Hardwire strategy’. We’re on the right track.”

In January 2021, Harley-Davidson announced that it had completed its “Rewire” plan to reinvigorate the brand under the guidance of turnaround expert Zeitz. As part of the program, Harley streamlined its product portfolio, expanded its parts and merchandise business, and overhauled its organizational structure. This laid the foundation for the company’s next five-year strategic plan, called “The Hardwire”, to drive profitable growth.

“Obviously, like everyone else, we face supply chain challenges, which are holding us back a bit, but overall our margins have increased significantly,” added the CEO on the progress of the project. ‘company. “We believe we will have record EPS this year, and we are sticking to our strategy despite the fact that the environment is certainly difficult.”

Harley-Davidson stock fell at midday on Tuesday, a monumental day for the motorcycle giant as its LiveWire e-bike unit merged with a special purpose acquisition company (SPAC) called AEA-Bridges Impact Corp. . The deal valued LiveWire at $1.77 billion. , and Harley will own a 74% stake in the spin-off company.

On Tuesday, LiveWire shares began trading on the New York Stock Exchange under the symbol LVWR.

The road to making LiveWire public has been bumpy.

The iconic American company unveiled Project LiveWire in June 2014 with a marketing campaign for electric motorcycles that traveled Route 66 (led by then-CEO Matt Levatich) to generate interest in its first e-bike.

In 2018, the company, still under Levatich, launched the super-powerful LiveWire electric motorcycle with a sticker price close to $30,000. At this price, dealers had a hard time selling the impressive machinery.

Harley-Davidson and LiveWire electric motorcycles are seen at a Harley-Davidson dealership in Queens, New York, U.S., February 7, 2022. REUTERS/Andrew Kelly

LiveWire, under Zeitz, took a different approach in July 2021 when it unveiled the LiveWire One motorcycle with a sticker price closer to $22,000. The bike is capable of covering approximately 146 miles on a single charge.

Just before the launch of the LiveWire One, Zeitz established the company as a stand-alone entity as a precursor to spin-off news this week.

The company is currently taking pre-orders on its $16,999 EV dubbed the S2 Del Mar.

Brian Sozzi is editor-in-chief and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

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Click here for the latest stock market news and in-depth analysis, including events moving stocks

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Motorcycle activity resists despite a “difficult” environment [Video]

September 27, 2022 Diana M. Cuyler Motorcycle Business

Harley-Davidson (HOG) CEO Jochen Zeitz says demand for motorcycles is strong despite global stock market turmoil.

On Tuesday, LiveWire shares began trading on the New York Stock Exchange under the symbol LVWR.

The road to making LiveWire public has been bumpy.

Harley-Davidson and LiveWire electric motorcycles are seen at a Harley-Davidson dealership in Queens, New York, U.S., February 7, 2022. REUTERS/Andrew Kelly

Just before the launch of the LiveWire One, Zeitz established the company as a stand-alone entity as a precursor to spin-off news this week.

The company is currently taking pre-orders on its $16,999 EV dubbed the S2 Del Mar.

Brian Sozzi is editor-in-chief and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

Click here for the latest stock trends from the Yahoo Finance platform

Click here for the latest stock market news and in-depth analysis, including events moving stocks

Read the latest financial and business news from Yahoo Finance

Download the Yahoo Finance app to Apple Where android

Follow Yahoo Finance on Twitter, Facebook, instagram, Flipboard, LinkedInand Youtube

Stock of electric motorcycle brand Livewire increases after merger

September 27, 2022 Diana M. Cuyler Motorcycle Brand

Harley Davidson electric motorcycle subsidiary Livewire saw its shares jump 24% today after news of a merger with AEA-Bridges Impact Corp.

Harley Davidson (NYSE:HOG) launched its Livewire (NYSE:LVWR) brand in 2014 by unveiling a prototype electric motorcycle. Since then, the company sold the Livewire motorcycle under the Harley Davidson brand, but has since split the motorcycle into its own brand. Livewire was listed on the NYSE and has now merged with a special purpose acquisition company (SPAC), AEA-Bridges Impact Corp (NYSE: IMPX.U).

With SPAC’s investment, not only did the stock jump 24%, but Livewire received a valuation of $1.77 billion, according to the SPAC website. Looking further into SPAC, their investment focus is broad as they seek to invest in “sustainable businesses”, which has attracted SPAC to invest.

“We are at the confluence of two fundamental changes impacting the industry – vehicle electrification and sustainability…,” says John Garcia, President and Co-CEO of AEA-Bridges Impact Corp, “LiveWire is well positioned to become the first sustainable electric motorcycle brand and redefine the industry by leveraging the manufacturing and distribution expertise of Harley-Davidson and KYMCO.We are thrilled to partner with Harley-Davidson and the team. LiveWire to help define the future of electric motorcycles as the industry continues its rapid transformation.

Press releases from Harley, AEA Bridges Impact and Livewire did not indicate plans for the brand. Still, at the very least (as noted by the SPAC presidents), they are well positioned by being reasonably early in the electric motorcycle market.

So far, Harley is one of the few select manufacturers in the electric motorcycle market. Zero Motorcycles and Enercia are examples of startups in the space, but larger names such as Yamaha, KTM, BMW or Kawasaki have remained absent. Honda, the world’s largest motorcycle manufacturer, recently announced plans to offer electric motorcycle options worldwide, but they have yet to materialize.

The biggest challenge facing Livewire is price. Hopefully, with continued investments like today’s, the brand will be able to make electric motorcycles more competitive against their gas-powered counterparts.

Disclosure: William is not invested in any company related to the Livewire merger.

What do you think of the article ? Do you have any comments, questions or concerns? Email me at [email protected]. You can also reach me on Twitter @WilliamWritin. If you have topical advice, write to us at [email protected]!

The 3 fastest e-bikes to sell in 2022

September 26, 2022 Diana M. Cuyler Motorcycle Sale

The e-bike craze is officially hitting the United States, and tons of capable e-bikes are flooding the market. Of course, these bikes must meet government regulations that limit their speed based on the class classification of the e-bike.

So if you buy an e-bike, make sure it meets local laws and regulations. Many manufacturers ship your e-bike with a limited top speed to meet regulations. But they allow you to unlock the full speed of the bike regardless. So what are the fastest e-bikes for sale right now?

1.Optibike R22 Everest

The Optibike R22 Everest is an e-bike monster. This bike is fast, but there’s so much more. The R22 Everest offers up to 300 miles of range, which means it can go hand in hand with many electric cars and is among the e-bikes with the longest range. The reason for this extended range is the huge battery, which has a capacity of 3260Wh.

The Optibike Everest R22 is the perfect example of an electric bike that can easily replace your vehicle as a daily driver. The fact that it is equipped with a throttle and a huge battery makes it an ideal companion for urban driving. This is especially true if you’re navigating a city with tons of hills, like some in California. The range is big, but the Optibike R22 Everest makes this list because it’s also super fast!

The R22’s electric motor delivers 190Nm of torque, allowing you to climb wherever you want, and very few obstacles will get in the way of this bike. This super e-bike can reach a top speed of 36 mph, which puts it in rarefied air in terms of e-bikes. It’s also one of the few e-bikes you can take with you in any situation. There isn’t much that will hinder the R22’s progress.

Replacing your car with your R22 is entirely possible, especially if you can take advantage of its 36mph top speed. The great thing about the R22 Everest is that you’ll get to work quickly, sweat-free, thanks to the e-bike throttle, and you probably won’t have to charge it all week.

2.Delfast Top 3.0i

The Delfast Top 3.0i is another e-bike that blurs the lines between a full e-motorcycle and an e-bike. But, Delfast markets the Top 3.0i as an e-bike, so we’ll continue with that. The Delfast Top 3.0i looks like one of the fastest electric bikes for sale. This e-bike wouldn’t look out of place in a Blade Runner movie, especially if it’s being driven by one of the bad guys. It looks like a futuristic motocross bike, but without any unwanted noise because it’s fully electric.

According Delfast, the Top 3.0i will be shipped to the buyer in “legal” mode, which will essentially make it a Class 2 e-bike limited to 20 mph. As crazy as this bike is, it’s even crazier to think about riding a bike that looks this aggressive while being limited to a top speed of 20 mph. Imagine: Fast riders on traditional bikes can outrun your restricted Delfast bike. Luckily, you can unleash the bike’s full potential when you’re not using it on public roads.

If you want to take it off-road and off the cobblestone city streets, you can unleash its full power in Unlimited Mode, which goes up to 80 km/h.

Clearly, that 50mph top speed makes the Top 3.0i an absolute beast of an e-bike, ensuring that no other rider will simply pedal in front of your e-bike. That top speed is amazing, especially considering that this monstrous e-bike’s range is 200 miles.

Sure, it doesn’t beat the Optibike’s 300 miles of range, but given that the Delfast Top 3.0i can smoke Everest in terms of top speed, no one will complain too much. Another great thing about the Delfast Top 3.0i is that their website offers replacement motors (attached to a new wheel and tire combo) and replacement batteries. But beware, the parts are very expensive.

3. Hi Power Cycles Revolution XX

The HPC Revolution XX is the type of e-bike you look at and immediately start wondering if e-bikes are getting slightly out of control. According HPC, the Revolution XX might just be the fastest e-bike in the world. The really hilarious part is that they say you can even pedal that fast – yuck!

Top speed is officially listed at 70+ MPHand not only that, the operator can physically pedal at this speed thanks to a custom-built Schlumpf high-speed drive with a 38T/95T equivalent planetary gear chainring.

The fact that this crazy e-bike can reach 74 mph on a dry lake proves that e-bike manufacturers have lost their minds. Quietly, this could spark an e-bike performance war, much like the current one between Tesla’s Model S Plaid and the Lucid Air super EVs. The funny thing is that the Revolution XX will be Class 2 compliant, which limits its top speed to 20 mph.

You can then choose to activate off-road mode wherever it is legal to do so, giving you full power. Only 20 of these awesome electric bikes will be built, so if you want one, hurry up and order one. The price is $20,000. One thing is sure; if you want the fastest e-bike, your wallet won’t be unscathed.

The e-bike performance war is on

It will be interesting to see how the performance of e-bikes in the future will surpass the current crop of super-fast e-bikes. The e-bikes featured above are all absolute monsters and feature incredible ranges to go along with their mind-blowing performance. Hopefully regulations don’t start to undermine the fun of e-bikes in the future, because it will be great to see how far e-bike performance can be taken.