Well, folks, it’s official—Energica is shutting down for good. One of the pioneers in electric motorcycles just couldn’t find a way out. In a press release yesterday, they confirmed what many had feared: after failing to secure new investors or revenue streams, the company will enter bankruptcy and fully liquidate its assets. No second chances, no Cake-like resurrection.
Say Goodbye to Energica
The statement, penned by Energica’s founding members, paints a grim but heartfelt picture. Despite their best efforts to keep the lights on, they admitted defeat, saying they had no other option but to repay creditors through liquidation. It’s a bitter end for a company that pushed the envelope in EV motorcycle tech, partnering with MotoGP and FIM, and delivering bikes that their customers truly loved.
What makes this sting even more is the role of Ideanomics, the American private equity firm that bought a controlling stake in 2022. While the founders diplomatically praised the cash infusion from Ideanomics, it’s hard to overlook the familiar tale—private equity swoops in, takes control, and within a few years, the company’s a goner. We’ve seen it happen with Hoonigan and others, and Energica is the latest victim.
Energica’s closing is a sobering reminder that, despite all the promise of electric motorcycles, the market isn’t quite there yet. Still, there’s a glimmer of hope—maybe some other company will pick up where Energica left off. Here’s hoping.
Source: Cycle News
