Sunday, June 16, 2024


Italian electric motorcycle manufacturer Energica Motor Company (EMC) has announced plans for a stock market flotation to finance production of its second superbike model and an associated increase in marketing activity.

EMC has appointed investment banks UBS and Ambromobiliare to advise on a Borsa Italiana listing in Milan before the end of this year, using its small-cap junior market for an initial public share offer. The company, which was originally established in 2014 as part of F1 race car component manufacturer CRP Group, is seeking to emulate US electric sports car manufacturer Tesla’s successful investment acquisition route. 

Commenting on this initiative, EMC chief executive Livia Cevolini said: “EMC is of course a newbie in a very competitive market. Tesla is evidence that there is now more than ever room for new brands, once the technology is demonstrated.”

The history of zero-emissions bike producers going public to raise funding is not full of good omens, however. US-based electric maxiscooter brand Vectrix floated on the London Stock Exchange’s small-cap AIM branch in 2007, raising more than £30m. Its share price then swiftly plummeted from 52p at launch to 12.5p. The company declared itself bankrupt in 2009 before being revived by a new private investor. It finally went into liquidation five years later.  



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