Logos Technologies has received a small business innovation grant to develop a hybrid electric motorcycle for the U.S. military. The grant was provided by the Defense Advanced Research Projects Agency (DARPA), the U.S. Department of Defence‘s agency in charge of developing new technologies for military use. Fairfax, Virginia-based Logos is teaming up with San Francisco-based […]
Vectrix Close to Bankruptcy
Another one bites the dust
Due to lack of investment interest, Vectrix looks like it will officially file for bankruptcy within the next 30 days and already have laid off all but essential staff. The electric scooter manufacture based in Rhode Island, produced its first model the VX-1 back in 2007, it had a great range on a full charge but couldn’t shake the main criticism, which was the hefty price tag.