Report: Electric Scooter Maker Vectrix Is No More

DEC 30 2013 BY JAY COLE 4

While the writing had seemingly been on the wall for the past few months for Vectrix, as parent GP batteries had stopped producing lithium batteries entirely for the scooter maker, Vectix has seemingly now closed its doors for good.

Reports are that Tuesday, December 31st, 2013 is the last official day for employees of the company in America.

Vectric VX-1, An Electric Scooter Capably Of Up To 80 Miles Of Range

Vectric VX-1, An Electric Scooter Capably Of Up To 80 Miles Of Range

First founded in 2006, the company is was based out of Middletown, Rhode Island with R&D facilities in New Bedford, Massachusetts.  Manufacturing and assembly took place in Wrocław, Poland

The main product featured by the company was the VX-1 Li and Li+ model, with 60 and 80 miles of range (respectively), and 0-50 mph times around 6 seconds.  (Full product brochure can be found here)

After a bankruptcy in early 2009, assets were sold to the Gold Peak battery group and that is when the 3.7 kWh and 5.4 kWh lithium (LiFeP04) batteries came into play.  That company issued a warning earlier this month and wrote down its 45% ownership in Vectric (PDF filing here)

Nik Hatzis, from the Product Development Department at Vectrix, apparently posted the following at the V is for Voltage forums on December 23rd:

“There is little I can add regarding the state of operations in NB (New Bedford) other than to say that all of the remaining engineers and support staff were dismissed last week. We thankfully were paid our salary owed and our vacation balance but that is it. No severance or “golden parachute” was offered. Contrary to what Mr. Jones continues to say, I was not an officer of the company so any next steps are unclear to me at this time. We hope that some resolution will be found that will bring some of us together again. I don’t know the state of Poland as it was a separate subsidiary but I am sure things are winding down there as well.”

The upcoming VT-1 with co-operation with Daimler was on the horizon for the company, and that IP may yet still survive as it was reportedly in the later stages of R&D and ready for production.

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4 Comments on "Report: Electric Scooter Maker Vectrix Is No More"

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Does anyone know how many Vectrix bikes were actually manufactured and sold?

I didn’t know they were using Li-Ion. I’m pretty sure the Vectrix I saw a few years back was using NiMh.

Boy, this is a really bad news for all Vectrix employees and riders in a bad time of the year.

Do we know how Zero Motorcycles is doing?

From what I have seen is that the total number of VX1 bikes build and sold is probably around 4000.

No idea about the VX2

The VX3 was never sold although I believe a number of VX1’s were retrofitted to VX3’s so there should be some stock of them sitting around somewhere.

The new VT1 is production ready and it would be great if Daimler would take it into production.

The robrady site (the designers of all Vectrix bikes) has a lot of nice info on the VT1

It is indeed a shame, Vectrix actually had the semblance of a way forward, a great plan to attack
the growing urban demand for clean efficient transportation. All the comments on the VT1 and its variants are true, it works, its smart looking and the build quality would have been perfect. However, as is customary in the EV space, dreams are very expensive to bring to reality. Its not Vectrix but the parent, who failed to place a plan in place with a dedicated budget early in their ownership and fund it.
I am confident that Vectrix’s fine people will survive as they are responsible for the VT1 and the IP treasure chest that was never fully exploited.
Stay tuned……………………….