Official: Vectrix Scooters saved by GP Batteries

No replies
R
R's picture
Offline
Joined: 06/18/2009
Points: 1591

Now it is official:

http://green.autoblog.com/2009/12/30/report-vectrix-scooters-saved-by-gp-batteries/

Vectrix may soon be back in business as Hong Kong-based GP Batteries has purchased the so-called New Vectrix company for $5 million. That sum is comprised of $1.75 million in cash and the assumption of up to $3.3 million in liabilities. The deal has reportedly been approved by a U.S. bankruptcy court, and apparently there were no rival bids for the company's assets.

Some Vectrix owners may be entitled to warranty coverage from GP Batteries, depending on when the scooters were purchased and claims were filed in relation to the company's bankruptcy. There's some chatter that the electric scooter may be reborn with lithium ion batteries, but no announcement on that front has been made. We'll take a wait-and-see approach and be patient to learn how things proceed under the new ownership.

Stick it to OPEC - button
Two Billion Cars: Driving Toward Sustainability
Ask me about my Electric Car - button
Electric Bicycles: A Guide to Design and Use
Simply Car-free How to Pedal Toward Financial Freedom and a Healthier Life
The End of Growth: Adapting to Our New Economic Reality



Who's new

  • Wersula
  • Anjana Jain
  • bradsmith12
  • Rod6270
  • squeekermurphy
Customize This