Yamaha, one of the best-known names in motorcycles, is finally entering the electric bike fray. The company has announced that it will be selling shares in order to raise $812 million to go towards developing low-cost, all-electric motorcycles and "motor-assisted" bicycles.
So far, electric bikes haven't really taken off -- they're expensive and haven't had that "it' factor -- but not many of the big players have been designing them, until now. With Yamaha's presence in the market, electric motorcycles may make a name for themselves.
Yamaha won't be spending all of that money just on all-electric motorcycles, though it will all go to cleaning up the business. The company's R&D team will also be working on more efficient engines for its bikes and boats.
Image via Yamaha
written by Electric Bikes, April 17, 2010
written by Richard Fletcher, April 20, 2010
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