Brisbane, California primarily based e-motorcycle startup Alta Motors has ceased operations, TechCrunch has confirmed.
Earlier right this moment Asphalt and Rubber — and several other subsequent shops — reported the corporate stopped working this morning, fired its employees, and could also be searching for a purchaser. Alta has but to touch upon the scenario.
“As of this morning I now not characterize Alta Motors so I’m not able to talk on it,” a former Alta Motors spokesperson informed TechCrunch on background when requested concerning the shutdown. “I forwarded your request for more information to the board, they usually’ll need to remark,” stated the previous comms rep. Alta’s head workplace has not reply to requests for remark.
The EV firm specializes in producing dual-sport and excessive efficiency electrical powered off-road bikes. The startup had raised $45 million and counts Tesla co-founders Marc Tarpenning and Martin Eberhard amongst its buyers.
Alta made information in March when it entered a co-development partnership with Harley Davidson. This aligned with Harley’s EV push, together with the debut of a production e-moto by 2019, an expanded electrical line-up to comply with, and the opening of a Silicon Valley research facility.
Harley Davidson wouldn’t give a stable “no” to experiences its partnership with Alta had concluded however their assertion TechCrunch appears a reasonably robust indication they’re enterprise with the startup is up to now.
“Our collaborative efforts with Alta Motors have been productive and we have been happy with the event work we partnered on,” Harley Davidson Communications Director Patricia Sweeney informed TechCrunch.
TechCrunch visited Alta’s facilities, examined its bikes, and interviewed co-founder Marc Fenigstein earlier this 12 months. The startup has 70 dealerships nationwide and our reporting flagged it’s a potential acquisition goal in a bike business that might be shifting electrical.
On the competitors degree, Alta has been making an attempt compete with gas bikes by looking for entrance in American Bike Affiliation sanctioned motocross occasions. In September, the corporate turned the primary e-moto to earn a podium spot in AMA competitors in one other race class, endurocross.
With Harley Davidson’s EV dedication doubtlessly pushing the bike business to voltage, Alta might be a reduced acquisition and R&D purchase for Indian Bike or different main fuel firms — Honda, Yamaha, BMW — who’ve been gradual to develop manufacturing e-motos.