Let's just say Vectrix has filed for bankruptcy one time for each wheel on its battery-electric scooters. This time, though, it's Chapter 7, Boston Business Journal reports, citing bankruptcy court filings. Since that usually involves liquidation, it's safe to say that the company's number is finally up.
Over the last few weeks, we've heard rumblings around the internet that electric scooter maker Vectrix might not be on firm financial footing. The first signs of trouble became apparent last month as reports from the UK indicated that Vectrix "will not be able to publish its Report and Accounts for the year ended 30 September 2008 until, inter alia, the successful completion of a fund-raising exercise." That caused the London Stock Exchange to halt trading of the company's stock. The latest news
Our site has not been short on news about the Vectrix electric scooter... but here's another report on it anyway. The fact that Cycle World found it fit to test ride and offer an opinion is a good thing, considering the fact that Cycle World is a major publication and their opinion is likely to carry a good deal of weight to many cyclists. So... what did they think?