General Electric Motorcycle Manufacturers Worldwide

[Philip]

This is just something interesting that I googled/grokked.

Electric Motorcycle Manufacturers Worldwide​

#	Name	Country	Year Founded	Year Closed	Total Motorcycles Produced	2024 Production	Peak Valuation	Current Valuation
1	Socovel	France	1936	1941	~100 (est.)	-	Unknown	$0 (defunct)
2	Bultaco	Spain	1958	-	Unknown	Unknown	Unknown	Unknown
3	Corbin Electric	USA	1970	1980s	~50 (est.)	-	Unknown	$0 (defunct)
4	Zong Shen	China	1992	-	~500,000 (e-moto, est.)	~50,000 (est.)	$1B (est.)	$900M (est.)
5	Huaihai	China	1996	-	~500,000 (e-moto, est.)	~50,000 (est.)	$300M (est.)	$250M (est.)
6	Luyuan	China	1997	-	~2M (est.)	~200,000 (est.)	$600M (est.)	$500M (est.)
7	Lovol	China	1998	-	~200,000 (est.)	~20,000 (est.)	$150M (est.)	$130M (est.)
8	Xinri (Sunra)	China	1999	-	~3M (est.)	~300,000 (est.)	$800M (est.)	$700M (est.)
9	Bus New Energy	China	2000	-	~200,000 (e-moto, est.)	~20,000 (est.)	$200M (est.)	$180M (est.)
10	Yadea	China	2001	-	~8M (e-two-wheelers, est.)	~900,000 (est.)	$2B (2023)	$1.8B (est.)
11	Brammo Inc.	USA	2002	2017	~5,000 (est.)	-	$100M (2013)	$0 (defunct)
12	Tailing	China	2004	-	~1M (est.)	~100,000 (est.)	$500M (est.)	$450M (est.)
13	Benlg	China	2004	-	~1M (est.)	~100,000 (est.)	$400M (est.)	$350M (est.)
14	JINYI	China	2004	-	~300,000 (est.)	~30,000 (est.)	$200M (est.)	$180M (est.)
15	Zero Motorcycles	USA	2006	-	~100,000 (est.)	~10,000 (est.)	$500M (est.)	$400M (est.)
16	Lightning Motorcycle	USA	2006	-	~500 (est.)	~50 (est.)	$50M (est.)	$40M (est.)
17	HERO Electric	India	2007	-	~500,000 (est.)	~50,000 (est.)	$418M (2022)	$350M (est.)
18	Ampere Vehicles	India	2008	-	~300,000 (est.)	~30,000 (est.)	$418M (2022)	$345M (2023)
19	Electric Motion	France	2010	-	Unknown	Unknown	Unknown	Unknown
20	Alta Motors	USA	2010	2018	Unknown	-	Unknown	$0 (defunct)
21	Kuberg	USA	2010	-	Unknown	Unknown	Unknown	Unknown
22	Electro Force Cycles	USA	2012	Unknown	~500 (est.)	-	Unknown	$0 (assumed defunct)
23	Sur-Ron	China	2014	-	~200,000 (est.)	~20,000 (est.)	$200M (est.)	$180M (est.)
24	Energica	Italy	2014	2024	~5,000 (est.)	-	$100M (2022)	$0 (defunct)
25	KTM (Freeride E-XC)	Austria	2014	-	~10,000 (est.)	~1,000 (est.)	N/A	N/A
26	SONDORS	USA	2015	2024	~1,500 (est.)	-	$50M (est.)	$0 (defunct)
27	Armotia	Italy	2015	-	Unknown	Unknown	Unknown	Unknown
28	Super Soco (Vmoto)	China	2015	-	~500,000 (est.)	~50,000 (est.)	$300M (2023)	$250M (est.)
29	Volcon	USA	2015	2024	~2,000 (est.)	-	$100M (2021)	$0 (defunct)
30	Cake	Sweden	2016	-	Unknown	Unknown	Unknown	Unknown
31	Arc Vehicle	UK	2017	2024	~100 (est.)	-	$50M (est.)	$0 (defunct)
32	Damon Motorcycles	Canada	2017	-	0 (pre-production)	0	$100M (2022)	$80M (est.)
33	Zapp Electric Motorcycles	UK	2017	-	~1,000 (est.)	~100 (est.)	$100M (2021)	$60M (est.)
34	BMW Motorrad (CE 02/CE 04)	Germany	2017	-	~5,000 (est.)	~1,000 (est.)	N/A	N/A
35	Verge Motorcycles	Estonia	2018	-	~2,000 (est.)	~500 (est.)	$150M (2023)	$120M (est.)
36	LiveWire (Harley-Davidson)	USA	2018	-	~10,000 (est.)	~1,000 (est.)	$1.77B (2022)	$400M (2025)
37	Stark VARG	Sweden	2019	-	Unknown	Unknown	Unknown	Unknown
38	FUELL	USA	2019	2024	Unknown	-	Unknown	$0 (defunct)
39	Trevor DTRe	Belgium	2020	-	Unknown	Unknown	Unknown	Unknown
40	Land Moto	USA	2021	-	Unknown	Unknown	Unknown	Unknown
41	Can-Am (electric)	Canada	2024	-	0	0	N/A	N/A

Total Current Valuation (Active Companies with Known Valuations)​

~ $7.67B

They think Stark is from Sweden!

 

[DaveAusNor]

They think Stark is from Sweden

The founders are from Sweden. Perhaps the company was first registered there, i'm not really sure. Stark means strong in Swedish. So "strong future" is the company name and "strong wolf" is the name of their bike

Edit: found this info:
In 2022, Eicher Motors Ltd., the parent company of Royal Enfield, invested €50 million in Stark Future, acquiring a 10.35% equity stake.

So one could assume the enterprise value of the company sits around 500 million Euro.

 

[Theo]

I wonder whether it wouldn't be better for some of those companies to try and merge to unite their resources instead of being alone: maybe they would somehow be stronger.
I like that Alta's former CEO now works at Flux, for example.
A thread about On Powersports has been created some days ago here. It's cool to see interest in this field, but here is another new company that supposedly still has a lot to learn. I wish there was a giant among them; someting like Tesla looks unachievable to me since a small fraction of people use dirtbilkes while most of the people use cars, but something like KTM (just an EV version) sounds feasible. As far as I know Stark Future is not a startup anymore but it isn't a giant; at least not yet. I think it has potential. Surron and Talaria seem to be pretty seccessful, too; maybe they could start making some more performant motorcycle with components from reputable brands and people would trust them because they are already known.

 

[happyinmotion]

A good source for this kind of information is the Insight EV newsletter - they are reporting on electric two-wheelers. It's a free subscription.

Big news in the industry is the huge progress in Indian and Vietnam companies and that's not well-covered by the table above. For examples, the two biggest companies in India are Ola Electric with a market cap of US$3.75 billion selling maybe 250,000 bikes per year and Ather Energy with a current IPO at US$1.4b selling 100,000 per year.

Also interesting is their take on the Stark - it's not a global product. Stark apparently have zero sales in India. Looking at their dealer map, there's some clear gaps, like only one dealer in Japan and one in South Korea. Five dealers in China but that's not many. NZ has the same number of Stark dealers for five million people, not one billion.

 

[Beagle]

According to that, Stark would have already made more bikes than Alta, Brammo, HD/Livewire.

They could soon annually make more bikes than Zero and Surron.

I fear some numbers are way off, as ever with AI, like it says 1000 for BMW when they've been selling about 7000 of their €14k electric scooters every year. Probably more or less level with Stark for 2024, different crowd though