Vectrix electric scooter company goes bankrupt, again
The company was founded in 1996 and appeared to be getting some traction (as well as a fair amount of coverage) about a decade later. That's because, in mid-2007, Vectrix started selling its electric maxi-scooter in Europe and, later in the year, word came that the New York Police Department would start giving Vectrix scooters a trial run sometime in 2008. That year, the electric scooter was used as a pace-setter at the Boston Marathon, heavy stuff for a Massachusetts-based startup.
Still, the company filed for Chapter 11 in 2009, citing the recession-spurred financing crunch and the inability for potential consumers to get loans for scooter purchases. The company reorganized and by 2011 was unveiling its VX-2 urban-commuter scooter, which had a top speed of 30 miles per hour and a single-charge range of as far as 55 miles. Too bad the company didn't have enough charge to go any further.
- Great used cars for less than $10,000
- Owners say these cars aren't very good deals
- New Car Buying Guides
- Cheapest new automobiles in America
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models