Vayon Acquires Mission Motor Company
Mission Motor Company, which several years ago appeared as a potential ‘Tesla Motors of motorcycles’, quickly found out that the commercialization of the Mission One was beyond reach.
Plan B was to become supplier for the automotive industry, and more recently the company was also engaged with Mission Motorycycles – a separate company that wanted to introduce Mission Motorcycles to the market (which didn’t happened). See Mission RS featured by Translogic.
Got all that? Good.
The latest news is that Mission Motor itself was acquired by Vayon, which we believe will use Mission to expand its “core capabilities of the first-tier supply to niche producers and OEMs’ niche products“.
“Vayon Holdings Limited (“Vayon”), the low carbon technology group announced today that it has acquired the Mission Motor Company (“Mission”), based in San Francisco, California. Mission is a developer and supplier of innovative electric powertrain technologies designed to provide optimal power for their size and weight.
Mission is best known for developing the famous ‘Mission-RS’ electric motorbike which showcases their high performance products such as high power motor inverters, liquid cooled electric motors, DC-DC converters, battery management systems and the Skyline telematics platform. The acquisition will also provide additional testing capability including high voltage and battery testing, electric motor testing and climate chambers.”
Shane Hussain, Chairman of Vayon, said:
“The acquisition of Mission, with their strong portfolio of electric powertrain technologies and Skyline Telematics, fits perfectly with Vayon’s strategy. By expanding our range of high performance solutions and accelerating the development of advanced telematics and cutting edge software, we are strengthening our position for accelerated growth in both the connected car and electric powertrain sector.”
“Vayon’s core capabilities are the first-tier supply to niche producers and OEMs’ niche products, including prototyping and low-volume component manufacture. The group has operational businesses operating in 3 main sectors – energy storage, vehicle technologies and gas technologies with a fourth cross-sector group managing data and software, control systems and component sales. Vayon has an extensive portfolio of products and services across these business sectors and has built an extensive global customer base including more than 25 blue-chip clients.”