Energica Motorcycles Is Back, Emerging From Bankruptcy

There’s big news today for motorcycle fans. Italian motorcycle EV motorcycle brand Energica has emerged from bankruptcy and completed a deal with Singaporean investors.

That’s according to Energica CEO and Global Sales Director Stefano Benatti. Benatti says the first order of business will be restoring the flow of parts for existing owners of bikes that may need servicing.

Benatti also confirmed Energica plans to resume production of existing models: the Ego +, Eva Ribelle +, EsseEsse 9 and the Experia sport touring EV.

Energica plans to rebuild distribution in its former key markets and expand from there. Benatti didn’t say where the bikes will be manufacturered but did confirm “the core team of Energica will run our development and operations from Italy.”

Benatti didn’t get into specific details such as annoucing the size the investment or naming the Singaporean investors. Nor did he give a timeline of when production is expected to resume or how many former employees might be rehired.

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Energica previously announced in Oct. 2024 it would be going through a bankruptcy liquidation and has been working its way through the process.

Energica Bankruptcy Oct. 15, 2024 Bankruptcy Announcement

Energica Motor Company SpA, a manufacturer of high-performance electric motorcycles 75% controlled by the American fund Ideanomics Inc., announces that its Board of Directors meeting held on 14 October 2024 at 3:00 p.m. resolved to enter into a bankruptcy judicial liquidation – Source: Energica news release

Ideanomics had acquired a 70% controlling interest in Energica in 2022. In its 2021 investor presentation Energica reported it had a production capacity of 500 bikes per year.

After Ideanomics acquired a majority stake in Energica, stocktitan.com reported production capacity had been increased to 2,000 bikes per year and sales had surged 78%.

Some fans of the brand claim Ideanomics starved Energica of needed capital. While EV Rider can’t confirm the accuracy of the accusations it is public knowledge that Ideanomics’ stock crashed, plunging from $618 a share in 2021 to 10 cents at the time Energica’s bankruptcy was announced.

Energica motorcycles have both AC Level 2 and Level 3 DC fast charging, giving them a refueling edge over models from American competitors Zero Motorcycles and Harley-Davidson owned LiveWire.

I’ve ridden three different Energicas over the years, including the current generation Eva Ribelle and Experia.

The Evas were top heavy bikes that didn’t do a particularly good job of hiding their weight compared to gas bikes of similar weights I’ve ridden.

However, the Experia, which is Energica’s newest design, is a wonderfully balanced bike and is – in my opinion – the best EV touring option available at the time in the EV space.

While Zero’s SR/S and DSR/X are lighter, their lack of DC-charging slows them down when it comes time to refuel after eating up the interstate miles.

Energica isn’t some fly-by-night startup. It has a track record, including a rich racing history in MotoE and MotoAmerica.

The former version of Energica was a family business which traced its roots back to CRP. CRP has been in business over 45 years, while the former Energica EV business had passed the decade mark.

Here in Florida, Energica owners Rick Flashman and his wife Sabrina have had many touring adventures on their Evas and Experias, including a nationwide ride from California back home to Florida.

Over in New Zealand, popular YouTube Energica-owner Sam Baker has more than 12,000 followers. He and his wife used to document their Energica adventures.

For Energica owners looking for more information, here are some additional resources:

• Energica Owners Association (owners only)

• Energica Owners Group

• Energica website (Editor’s note: At the time of this story’s posting, the website had not been reactivated yet.)

• More EV Rider Energica coverage