Motorcycles Harley-Davidson is getting into the electric bicycle business

07:15  28 october  2020
07:15  28 october  2020 Source:   techcrunch.com

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Harley - Davidson electric bicycles seen with high-end components. All three Harley - Davidson electric bicycles also feature high-end hydraulic disc brakes clamping down on what appears to be The battery appears to be a removable unit with a key lock built into the shell of the mid-drive motor.

Harley - Davidson has created a sub-brand named Serial 1 Cycle Company to enter the e-bike segment. It was founded by a group of cycling enthusiasts employed by Harley - Davidson , and every member of its executive team has previously held a top-level position at the motorcycle manufacturer.

Harley-Davidson has spun out a new business dedicated to electric bicycles and plans to bring its first line of products to market in spring 2021.

The new business called Serial 1 Cycle Company started as a project within the motorcycle manufacturer's product development center. The name comes from "Serial Number One," the nickname for Harley-Davidson's oldest known motorcycle.

The pedal assist electric bicycle company is being launched amid a booming ebike industry fueled by growing demand in the wake of the COVID-19 pandemic. The global eBicycle market was estimated to be over $15 billion in 2019 and projected to grow at an annual rate of more than 6% from 2020 to 2025, according to Harley-Davidson.

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Harley - Davidson has also launched an electric motorcycle, Livewire ( Harley - Davidson announced Tuesday that its profits rose 39% in the past three months, when Frank, Serial 1's brand manager, told CNN Business that the company is motivated to get the bikes to market quickly given bicycles '

Harley - Davidson is starting a new e- bicycle company Harley - Davidson will hold a minority stake in the company, which it describes as an outsourced effort to expand into the segment. The brand launched the all- electric Livewire motorcycle last year. Click here to get the fox news app.

The new Harley-Davidson brand Serial 1 didn't provide performance details or other specs of its new line of electric bike products. However, the company did release several photos of its first model.

a close up of a motorcycle: Harley-Davidson-ebike © Provided by TechCrunch Harley-Davidson-ebike

Image Credits: Harley-Davidson

The new business launch also comes at a critical time for the Milwaukee-based motorcycle manufacturer, which has seen its sales slow as its core customer base ages out of its motorcycles.

In July, Harley-Davidson cut 700 jobs from its global operations as part of an internally branded restructuring plan called "The Rewire." The plan, which Harley-Davidson chairman, president and CEO Jochen Zeitz first spoke about in the company’s first-quarter earnings call back in April, followed the launch of the company's first production electric motorcycle the Livewire.

"The formation of Serial 1 allows Harley-Davidson to play a key role in this mobility revolution while allowing Serial 1 to focus exclusively on the eBicycle customer and deliver an unmatched riding experience rooted in freedom and adventure," Aaron Frank, the new company's brand director said in a statement.

Harley-Davidson said Jason Huntsman is president of Serial 1 Cycle. The rest of the executive team includes Ben Lund, who is vice president of product development and Hannah Altenburg as lead brand marketing specialist.

Harley-Davidson details and prices for Serial 1 electric bicycles .
Harley-Davidson details and prices for Serial 1 electric bicycles originally appeared on Autoblog on Mon, 16 Nov 2020 15:44:00 EST. Please see our terms for use of feeds.

usr: 0
This is interesting!