Polaris Industries Inc. has announced a minority investment in Brammo, an Ashland, Ore.-based maker of electric motorcycles. By investing in Brammo, Polaris obtains access to its proprietary electric vehicle powertrain technology, as well as exposure to the electric motorcycle market. “We are excited to advance our electric vehicle capability by establishing Polaris as a business […]
Lehman Trikes Suspends Operations – Company Future in Doubt
Lehman Trikes has suspended all operations after failing to find investors for its motorcycle trike conversion kit business.
The Spearfish, S.D., company says it needs an injection of capital in order to continue producing trikes. According to the Milwaukee Journal-Sentinel, Lehman Trikes laid off some workers late in 2011 while the company sought new investors. That search was unsuccessful, leading the company to shut down operations while it seeks other avenues for new capital.
While the search for new funding continues, the company says there is no guarantee it will find enough to re-open operations.
It has been a rocky few months for the Lehman Trikes. The company’s founder, John K. Lehman, passed away suddenly in January.
[Source: Lehman, JSOnline]
Lehman Trikes Founder Passes at 60