A cautionary tale: Luxury electric motorcycle company files for bankruptcy after crowdfunding $1M
The Arc Vector was one of the flashiest, wildest and most expensive electric motorcycles of the year. But now it is set to become none of those things as the company files for bankruptcy.
Apple poaching electric vehicle engineers contributed to Mission Motorcycles’ bankruptcy says CEO
San Francisco-based Mission Motorcycles, a maker of high-end electric motorcycles, recently filed for bankruptcy amid financial troubles. In the filing, current CEO Mark Seeger said the company is so low on cash that it can’t afford to pay for an attorney for the bankruptcy process, but while recently talking with Reuters, former CEO Derek Kaufman dismissed the company’s lack of money and instead blamed Mission’s demise on Apple’s poaching of top engineers.
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Mission Motorcycles, a maker of high-end electric motorcycles, filed for bankruptcy
Amid financial troubles and co-founder scuffles, Mission Motorcycles, a maker of high-end electric motorcycles, filed for bankruptcy last week. In a letter obtained by local news-outlets, CEO Mark Seeger said the company is so low on cash that it can’t afford to pay for an attorney for the bankruptcy filing process.
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