Electric motorcycle manufacturer Energica from Italy is insolvent

The Italian electric motorcycle brand Energica filed for insolvency on October 14. This means that one of the best-known pioneering brands has become another victim of the lack of interest in electric motorcycles.

Energica's main American shareholder, the fund company Ideanomics Inc, holds 75 percent of the shares and has now pulled the plug. Energica had been building electric motorcycles since 2009 and founded the Energica Motor Company in Modena in 2014. It ran the FIM MotoE World Championship as part of the MotoGP for four years with its vehicles.

Expensive niche

High-performance production models such as the Ego sports bike and the EsseEsse 9 and Eva Ribelle naked bikes caused a stir internationally, but sales figures for the expensive e-vehicles were always low and the financial situation was always critical.

In 2021, the US fund company Ideanomics got on board and when the Experia touring bike appeared the following year, there was a glimmer of hope because sales – had risen by 200 percent according to the manufacturer –. But the flash in the pan soon died out again and the desperate search for further investors was unsuccessful.

A court opened bankruptcy proceedings against Energica. The future of service and spare parts supply for customers is still completely open.

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