FlatSix911
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Interesting reading... nice to see a silver lining from the global pandemic.
electrek.co
While the COVID-19 pandemic decimated parts of the global economy, it also created unique economic drivers in others. One of the “winners” in the new world we live in has been electric two-wheelers like e-bikes and e-motorcycles, which commuters have turned to in huge numbers. Most electric bicycle and electric motorcycle companies are fairly tight-lipped about their sales numbers. But with the huge demand spawned by consumers switching to two-wheeled EVs lately, several major manufacturers have opened up their books and revealed just how much they’ve grown over the past year. Major Italian electric motorcycle manufacturer Energica recently shared that the first eight months of 2020 have seen an order volume of over 200% of its entire 2019 sales, with over €4.3M in revenue so far this year. That puts Energica currently on track to triple its 2019 sales by the end of this year.
The largest electric bicycle manufacturer in the US, Rad Power Bikes, is also on track to more than triple its 2019 sales this year. That puts Rad Power Bikes at a projected $250 million in revenue for 2020, no doubt buoyed by successful launches of budget-minded e-bikes like the $1,199 RadRunner and $999 RadMission electric bikes, in addition to their longtime favorites such as the $1,499 RadRover electric fat tire bike. A major driving force behind this steep spike in sales has been the shift toward personal electric mobility driven by commuters seeking to avoid crowded public transportation. And Rad Power Bikes’ CEO Mike Radenbaugh recently explained to NPR that he doesn’t see this as a temporary spike, but rather as the new normal:
Get 'em while they're hot! E-bike and e-motorcycle manufacturers set to triple sales in 2020
While the COVID-19 pandemic decimated parts of the global economy, it also created unique economic drivers in others. One of...
electrek.co
While the COVID-19 pandemic decimated parts of the global economy, it also created unique economic drivers in others. One of the “winners” in the new world we live in has been electric two-wheelers like e-bikes and e-motorcycles, which commuters have turned to in huge numbers. Most electric bicycle and electric motorcycle companies are fairly tight-lipped about their sales numbers. But with the huge demand spawned by consumers switching to two-wheeled EVs lately, several major manufacturers have opened up their books and revealed just how much they’ve grown over the past year. Major Italian electric motorcycle manufacturer Energica recently shared that the first eight months of 2020 have seen an order volume of over 200% of its entire 2019 sales, with over €4.3M in revenue so far this year. That puts Energica currently on track to triple its 2019 sales by the end of this year.
The largest electric bicycle manufacturer in the US, Rad Power Bikes, is also on track to more than triple its 2019 sales this year. That puts Rad Power Bikes at a projected $250 million in revenue for 2020, no doubt buoyed by successful launches of budget-minded e-bikes like the $1,199 RadRunner and $999 RadMission electric bikes, in addition to their longtime favorites such as the $1,499 RadRover electric fat tire bike. A major driving force behind this steep spike in sales has been the shift toward personal electric mobility driven by commuters seeking to avoid crowded public transportation. And Rad Power Bikes’ CEO Mike Radenbaugh recently explained to NPR that he doesn’t see this as a temporary spike, but rather as the new normal:
