Latest in Brankruptcy

Image credit:

Mission Electric's record-setting motorcycle is dead

3 Shares
Share
Tweet
Share

Sponsored Links

Electric motorcycle enthusiasts have been waiting a long time for the Mission RS, and that wait is finally over. Just not in a satisfying way. Mission Electric has announced it has filed for bankruptcy, effectively killing an impressive all-electric super-bike that its been teasing since 2010. The RS set records at Mazda Raceway Laguna Seca, helped the company secure a spot on the team behind Harley Davidson's Project LiveWire and even caught the attention of Jay Leno -- but none of that brought in the revenue Mission Electric needed to survive. "I have struggled to rescue the business to find a buyer for the assets," co-founder Mark Seeger said during recent court proceedings. "To date, we have not earned any cash / revenue of any kind."

The company's financial troubles are a shame, but not too much of a surprise -- since the Mission R and RS' announcement back in 2013, the firm has faced lawsuits, unexpected restructuring and multiple shipping delays. Still, it's a shame: the electric motorcycle's 163HP motor, 100-mile+ battery life and fancy HUD information system held a lot of promise. We're sad to see it go. Hopefully, someone will pick up will Mission Electric left off.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
3 Shares
Share
Tweet
Share

Popular on Engadget

The Morning After: Nike's accessible AJI

The Morning After: Nike's accessible AJI

View
HTC's Exodus 1s can run a full Bitcoin node for under $250

HTC's Exodus 1s can run a full Bitcoin node for under $250

View
Kik Messenger will keep running under a different owner

Kik Messenger will keep running under a different owner

View
Netflix's 'Cowboy Bebop' production pauses after John Cho is injured on-set

Netflix's 'Cowboy Bebop' production pauses after John Cho is injured on-set

View
Nike puts an accessibility twist on its iconic Air Jordan 1

Nike puts an accessibility twist on its iconic Air Jordan 1

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr