Last month, we shared reports that Lit Motors, a small startup best known for developing self-balancing two-wheel vehicles, became an acquisition target for several major companies, including BMW. In an interesting development, BMW unveiled today its own self-balancing electric motorcycle concept. expand full story
self-balancing motorcycle Stories October 11, 2016
self-balancing motorcycle Stories June 14, 2016
For years now, Lit Motors has been developing its all-electric self-balancing two-wheel vehicles, often referred to as Auto-Balancing Electric Vehicle (AEV). It is described as an extremely efficient commuter vehicle thanks to its light weight, low mechanical drag with only 2 wheels touching the road and low aerodynamic drag because of its enclosed motorcycle shape.
The company announced having received over 1,000 reservations for the vehicle, but yet it can’t find its way to production. After several delays and despite backers like Mark Pincus, founder and CEO at Zynga, and Larry Page, founder of Google and CEO of Alphabet, the company is reportedly still looking for funding in order to bring the vehicle to production. expand full story