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Classic Legends to get USD 105m investment

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Mahindra and Mahindra, along with others to invest USD 105 mn in Classic Legends The bestselling ‘Scorpio’ car manufacturer will invest USD 105 million along with existing shareholders and new investors, Mahindra said in an exchange filing.This will be over the course of next two to three years. Mahindra owns 60% of Classic Legends, which manufactures two-wheelers such as Jawa, Yezdi, and BSA. This is while investments in premium motorcycle segment in India is heating up with Harley-Davidson and Triumph partnering domestic companies, Hero MotoCorp and Bajaj respectively. Classic Legends has so far not made any inroads into this segment that is still largely dominated by Eicher’s Royal Enfield motorcycles. * * * * Invest in freedom, check out the membership options for Bandit’s Bikernet; click to know more.

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Delivery and Deliverance

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A tale of two parties to a deal and one steadfast old iron engine Text and photos by Ujjwal Dey with illustrations from Wayfarer An Enfield Bullet 350 finds a home after being in limbo for four stressful months. The cast iron engine with right-hand-side gear shift is a well-known legend among motorcyclists, especially purists who don’t want the brand name “Bullet” associated with run-of-mill modern designs & engines. What misadventure occurred and what new adventures await? “First time in life I decided to purchase a used vehicle. An out of production cast-iron engine Enfield Bullet 350cc with right-hand-side gear shift which is the closest thing available to the 1955 Enfield Bullet 350 including chassis and engine design by the Britishers among other things such as dashboard, tank, hand-painted pinstripe, etc. These come with Green Tax for the alleged pollution they may or might be making. I got a fitness test certificate from the Road Transport office, where the ownership change is registered.” — Dey Click here to read this awesome anecdote about ‘love after love’. Believe it! * * * *

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100 WFC: Flat out for a flathead

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100 word fiction contest continues…. #100WFC Flat out for a flathead by Rhys Driving by an open garage on my way to the next job. Spotted what appeared to be an old flatty HD. I stopped and approached the person and asked if the bike was for sale. Yes it was. He quoted a price which was workable but being day before payday I didn’t have any cash in my pocket. I told him I’d be right back as I had the cash at home. Raced home grabbed the stash and made my way back. As I pulled up I saw the bike being loaded into a van. Dollar short and a minute late. * * * * * * * * Yup, its a weekly contest open to all. Just sign up for the free weekly newsletter by clicking here. Then email us your 100 word limit fiction to the editor wayfarer@bikernet.com

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OLD YELLER: Still A Viable Street Machine

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by Buck Lovell with photos from Buck Lovell This little Yellow Bobber sold for above $15,000 dollars at a recent Mecums auction Most motorcycles in America in the early 1950s were no nonsense, kick-start only iron with few if any frills or comfort features as we have today. America’s modern super-speed interstate highway system wasn’t even a twinkle in President Eisenhower’s eye, and gasoline was less than 15 cents per gallon almost everywhere across the Unites States. Two wheeled motorcycles were economic, fair-weather transportation for those men and women who loved the sun on their face and the wind in their hair! Click here to read this photo feature by master photographer Buck Lovell on Bikernet.com * * * * * * * * * * * * Stay updated, stay ahead of the curve…with Bikernet Free Weekly Newsletter. Click to take it out for a spin.

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Used Volkswagens and Autonomous Cars

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This is for those committed to keep driving alive Never Stop Driving ! Two things are on my mind: A recent sale of a used Volkswagen and a podcast in which Elon Musk said Tesla cars will have Level IV autonomous capability in 2023. I think the two are related. Let me explain. While I would not mind an autonomous pilot myself from time to time, I am first and foremost a driver. The one thing I’ve had in common at all my gigs is that I have no off-hours from cars. I spend nearly every waking minute either working on cars; driving cars, whether around town or, my favorite, long road trips; racing; or passing on my enthusiasm. Your humble narrator fathoms deep in the car thing. –by Larry Webster from Hagerty.com Read this Editorial Article on Bikernet.com by Clicking Here. * * * * If you haven’t already, Check Out the Brand New 5-Ball Racing Garage Online Shop !!! CLICK HERE: You will find unique Motorcycling Gear designed by Lifelong Bikers & Custom Builders. Riding Free for 25 Years, celebrate Bikernet.com

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Harley’s electric motorcycle division to go public via $1.7 billion SPAC deal

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from https://www.cnbc.com/ Key Points : Harley-Davidson’s electric-motorcycle division will go public through a merger with a blank-check firm in a deal valued at $1.77 billion, the company said on Monday. The company launched LiveWire earlier this year, hoping to claw back lost market share as its core baby boomer customer base grows older and interest in motorcycling as a recreational activity fades. Harley-Davidson will retain a 74% stake in the company, which is expected to list on the New York Stock Exchange under the symbol “LVW.” Harley-Davidson’s electric-motorcycle division will go public through a merger with a blank-check firm in a deal valued at $1.77 billion, the company said on Monday, as the 118-year old brand bets on younger customers to boost volumes. The company launched LiveWire earlier this year, hoping to claw back lost market share as its core baby boomer customer base grows older and interest in motorcycling as a recreational activity fades. A broader awareness about climate change is also paving the way for automakers to lean towards greener vehicles. Valuations have gained as money managers are also increasingly factoring in ESG policies in their investments. Harley is the latest to cash in on an uptick in valuations of electric-vehicle makers. Last month, Amazon-backed EV maker Rivian shot past $100 billion in valuation in its market debut, surpassing Ford and General Motors. “If anything this underlines what we’ve been saying for a long time. Detroit, wake up! The train has left the station! EVs are inevitable,” Roth Capital analyst Craig Irwin said. “Many traditional OEMs (Original equipment manufacturers) with emerging EV businesses can obviously do similar spinoff transactions,” Irwin added. Harley’s shares rose 11.3% in premarket trading, while those of AEA-Bridges were up 3.4%. Jochen Zeitz, Harley’s chief executive, will be the chairman of LiveWire for up

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Energy Clarity: Our need for cheap, plentiful, reliable energy

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By Alex Epstein From Center for Industrial Progress When making energy choices, there are three major criteria that need to be considered: 1. Is it cheap? Simply put, if you can’t afford energy, then you don’t have energy. 2. Is it plentiful? If energy is scarce, then many people will have little to no energy. 3. Is it reliable? If energy is unreliable, then you won’t have it when you need it. In other words, energy is only valuable to the extent that it is cheap, plentiful, and reliable. And to make it that way, we have to discover cheap, plentiful, reliable processes for generating energy. Energy is a process Energy is a process. Whether it’s coal, oil, gas, solar, wind, we describe them as materials, but they’re really processes. The materials are just one part of the process, but the whole process can include things like mining, refining, manufacturing, transportation, operation, maintenance, and disposal. And then you have to look at how the whole process adds up. When we see something in the marketplace being cheaper or more expensive that reflects the whole process. The general reason why certain forms of energy are not adopted is because the process to produce them is too expensive or it’s not reliable. Let’s look at some examples of this. Jimmy Fallon’s irrefutable case against “renewables” For this first example, I’m going to let comedian Jimmy Fallon do the talking. “New Scientist Magazine reported on Wednesday that in the future, cars can be powered by hazelnuts. That’s encouraging considering an eight ounce jar of hazelnuts costs about nine dollars. Yeah, I got an idea for a car that runs on bald eagle heads and Faberge eggs.” So you may be thinking, “Isn’t hazelnut energy renewable? Doesn’t it come from the sun? Isn’t the

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U.S. judge approves revised EPA Harley-Davidson emissions settlement

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by David Shepardson from https://www.reuters.com WASHINGTON (Reuters) – A U.S. judge late on Monday approved a revised settlement with Harley-Davidson Inc over excess emissions that dropped a requirement that it spend $3 million to reduce air pollution. In August 2016, the Milwaukee-based motorcycle manufacturer agreed to pay a $12 million civil fine and stop selling illegal after-market devices that caused its vehicles to emit too much pollution. It also agreed to spend about $3 million to retrofit or replace wood-burning appliances with cleaner stoves to offset excess emissions. The Justice Department in July 2017 cited a new policy by then-U.S. Attorney General Jeff Sessions and an ongoing review of the penalty by a government auditor in proposing to drop the $3 million mitigation project. More than four years after the settlement was announced, U.S. District Judge Emmet Sullivan approved the settlement over the objections of environmental groups and a group of 10 states, including New York, Illinois, Maryland, Vermont, Washington and Massachusetts. While the earlier agreement “containing the mitigation project might have been the ‘best’ resolution of Harley-Davidson’s alleged violations, the court cannot say that the decree lodged before the Court is not within ‘the reaches of the public interest,’” Sullivan wrote in approving the consent decree. Harley-Davidson and the EPA did not immediately comment Tuesday. The settlement resolved allegations that Harley sold about 340,000 “super tuners” enabling motorcycles since 2008 to pollute the air at levels greater than what the company certified. Harley-Davidson did not admit liability and has said it disagreed with the government, arguing that the tuners were designed and sold to be used in “competition only.” Even though the settlement had not yet taken effect, Harley-Davidson has said that since August 2016, it sold only tuners certified by the California Air Resources Board and halted sale

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Zero Motorcycles announces new financing round

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Following the recent launch of its industry-shaking SR/F model, Zero Motorcycles today announced the close of a $25 million funding round, bringing the brand’s aggregate equity capital raised to over $250 million. With 13 years of experience developing the most power- and energy-dense EV technology in powersports, Zero leads the industry with a global supply chain and distribution network, and a broad portfolio of effortlessly powerful, safe and reliable electric mototcycles. ZERO MOTORCYCLES ANNOUNCES NEW FINANCING ROUND BRINGING AGGREGATE INVESTMENT TO OVER $250 MILLION SANTA CRUZ, Calif., (April 23, 2019) On the heels of the successful launch of its transformational SR/F model, Zero Motorcycles, the global electric motorcycle sales and innovation leader, announced today the close of a $25 million funding round, bringing its aggregate equity capital raised to over $250 million. With 13 years of experience, Zero Motorcycles has developed the most power- and energy-dense EV technology in powersports and has built Zero into the leading brand with a global supply chain and distribution network, and a broad portfolio of products, which are effortlessly powerful, safe, reliable, and delight our riders every time they twist the throttle. “At Zero Motorcycles, we’ve been defining the electric motorcycle category since our inception in 2006,” said Sam Paschel, CEO of Zero Motorcycles. “To build a company like Zero is not easy. You need to build a leading EV technology business, an industrial business, and consumer-branded business all at once. In addition to break-through innovation and R&D investment, this takes time, hard work, and significant capital. Zero has been capital efficient over the years, and our committed and consistent backing has enabled us to fully fund our strategy and to succeed when others have failed. We sell more electric motorcycles annually than all of our competitors combined and with our strong capital base,

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