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World’s first Production Model Cargo Motorcycle

‘World’s first’ cargo Two-Wheeler aims to be a disruptor in logistics After around 6 years of development work, an electric scooter designed to be a cargo carrier, is gearing up for commercial production. Customer trials of this EV, by a Pune city, India, start-up, have begun, and its market introduction is expected during the first half of this year. Two-wheelers including scooters, motorcycles, mopeds and even bicycles are commonly seen on India’s roads, delivering everything from groceries, medicines, restaurant orders to online orders from the top ecommerce websites. Most private courier delivery companies also empoy two-wheelers. These vehicles work for B2B as well as B2C sectors. City traffic will always spot these buzzing around trying to get ahead to make maximum deliveries per day. So it is not a rural trend at all, though that’s the fastest growing market for two-wheelers. Fleet management concept includes a fleet of two-wheelers by entrepreneurs who take up franchises for making deliveries.

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Mustang Seats Acquired by Veteran-founded Investment Firm

Mustang Seats Acquired by Veteran-founded Investment Firm LDR Growth Partners New Growth-Oriented Owners Will Invest in Company’s Factory Operations, Marketing Programs and Presence with Customers Three Rivers, Massachusetts – April 4, 2022 – LDR Growth Partners today announced the acquisition of Mustang Motorcycle Products LLC, maker of Mustang Seats and related motorcycle accessories, in a private transaction closed last Friday. Mustang, known for high-quality, handmade motorcycle seats, was founded in 1980 near Three Rivers, MA, where the company maintains factory operations. Mustang was purchased out of Motorsport Aftermarket Group, owned by a group of investors, led by Monomoy Capital Partners. “Mustang Seats presents a tremendous opportunity for us at LDR,” said William Brame, partner at LDR and co-head of its acquisition business. “Our unique approach is in providing growing companies the resources they need to continue to expand while identifying areas for new value creation. We’ll invest in people, technology, and the machinery the company needs to help deliver the iconic Mustang Seats to motorcycle riders looking for our products domestically and internationally.” Mustang employs 85 people in a historic facility in Three Rivers. The company was founded by Al Simmons and named after the legendary P51 military aircraft from World War II. Mustang designs and manufactures a variety of styles of seats, with fitments for all major brands of motorcycles. The company also offers rider and passenger backrests and seating-related products. LDR Growth Partners is a private investment firm focused on acquiring and growing unique, cash flow generating businesses in the manufacturing, industrial products, and transportation sectors. The company currently owns and operates Whitman Controls, a 50-year manufacturer of process automation controls with large, multinational customers across a range of industries. LDR, founded in 2011 by three US Army officers, is also the owner of LDR Advisory Partners and

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