Wednesday, December 30, 2009

REPORT: Vectrix Scooters saved by GP Batteries


Filed under: EV/Plug-in, Legislation and Policy, On Two Wheels, Vectrix


Vectrix VX-1 electric scooter - Click above for high-res image gallery



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.







[Source: Electric Aid via Treehugger]

REPORT: Vectrix Scooters saved by GP Batteries originally appeared on Autoblog Green on Wed, 30 Dec 2009 11:53:00 EST. Please see our terms for use of feeds.

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