Italian Electric Motorcycle Manufacturer Energica Motors Officially Rolls Out

Energica Experria. (Doc. Energica Motors)

JAKARTA - The automotive world was again shocked by the sad news. Energica Motors, one of the pioneers in the Italian electric motorcycle industry, officially filed for bankruptcy. This announcement ended the company's journey which was once one of the main players in the electric motorcycle sector.

Energica itself once sent its fleet to the G20 Summit in Bali in 2022. At that time, as many as 88 Essee9 motorcycles together with the latest Experria Polizia were deployed for a fleet of escort services for the police.

Launching Visordown, October 17, the news of Energica's bankruptcy stemmed from reports in Italy earlier this week that the company was facing serious threats. Energica has laid off employment with a number of employees and has even almost threatened eviction.

Efforts to save through emergency meetings held on Monday and Tuesday have not succeeded in stemming the swift flow towards bankruptcy. Finally, the company decided to apply for bankruptcy liquidation.

Energica Motors has held a strong position in the racing sector and sales of electric motors. As a supplier of MotoE electric motorcycles for several seasons, the company has managed to build its reputation. However, this success was unable to prevent Energica from tragic fate.

Italian media blame the parent company Energica in the United States, Ideanomics, for this failure. Ideanomics itself is known to have a less stable history.

In a press release shared with Rideapart, Energica confirmed that Ideanomics had chosen not to comment on the situation.

"Energy of the Company SpA Motorcycle, a high-performance electric motorcycle manufacturer whose 75 percent is controlled by American Ideanomics Inc. funds, announced that its board of directors meeting held on October 14, 2024 at▁bersamaan p.m. has decided to enter bankruptcy liquidation in accordance with Article 121 and beyond from the resolvent law," Energica wrote in the press release.

The news of Energica's bankruptcy is certainly a blow to the electric motorcycle industry, particularly in Italy. The company's failure also raises questions about the challenges faced by other players in the sector.