Vectrix runs out of juice

It appears that electric scooter maker Vectrix is in significant financial trouble; it’s seeking a sale or merger in the absence of a near-term government loan, grant or other outside funding. The Rhode Island-based company will also be cutting 60 employees, although it’s not clear if those cuts will come from HQ, the R&D facility in Massachusetts or its manufacturing facility in Poland. Vectrix was among the first companies to bring a viable electric motorcycle to market, so it’s a shame to see it floundering while companies like Chrysler and GM, whose much-touted electric offerings are still nothing but vaporware, receive taxpayer funding. On the other hand, we’ve heard from many dealers and customers who have been extremely unsatisfied both with the company’s business practices and products.
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