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LiveWire becomes the first EV motorcycle company to list on the NYSE

By General Posts

Harley-Davidson, LiveWire and AEA-Bridges Impact Corp Announce Closing of Business Combination

• LiveWire raises approximately $334m in gross proceeds
• LiveWire becomes the first EV motorcycle company to list on the NYSE
• Trading beings on September 27th under the new ticker “LVWR” on the New York Stock Exchange

MILWAUKEE, NEW YORK and LONDON (September 27, 2022)  —
Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE: HOG), the world’s most desirable motorcycle company, and AEA-Bridges Impact Corp. (“ABIC”) (NYSE: IMPX), a special purpose acquisition company with a dedicated sustainability focus, sponsored by executives of AEA Investors and Bridges Fund Management, today announced the completion of their previously announced business combination under which LiveWire EV, LLC (the “Company”), Harley-Davidson’s electric motorcycle division, combined with ABIC, to create a new public company.

The business combination was officially approved at an extraordinary general meeting by ABIC stockholders on September 16, 2022. Upon completion of the business combination, the combined public company will operate as LiveWire Group, Inc. (“LiveWire”) and its common stock and warrants will begin trading on the New York Stock Exchange (“NYSE”) under the symbols “LVWR” and “LVWR WS,” respectively today, September 27, 2022.

Through this combination, LiveWire will become the first and only EV motorcycle company in the U.S. to list on the NYSE.

“This transaction represents a proud and exciting milestone for LiveWire towards its ambition to become the most desirable electric motorcycle brand in the world,” said Jochen Zeitz, Chairman, President and CEO of Harley-Davidson, and Chairman and CEO of LiveWire. “We believe LiveWire is well positioned to define the two-wheel EV market, and we’re excited about the future – in celebration of our listing today, we’re pleased to open reservations for the production version of the S2 Del Mar for the U.S. market.”

LiveWire will be ringing the opening bell at the NYSE today, to celebrate LiveWire’s public listing

Soulful by design, LiveWire is transforming the everyday into urban adventure and beyond. Building a future for riders differentiated by look, sound, and feel. LiveWire is leading the electrification of motorcycling by means of design, software and experience. Backed by 119-years of engineering and manufacturing heritage but with the agility of a start-up, LiveWire is well positioned to define the future of two-wheel EV.

About LiveWire
LiveWire is the future in the making for the pursuit of urban adventure and beyond. Drawing on its DNA as an agile disruptor from the lineage of Harley-Davidson and capitalizing on a decade of learnings in the EV sector, LiveWire’s ambition is to be the most desirable electric motorcycle brand in the world. With a dedicated focus on EV, LiveWire plans to develop the technology of the future and to invest in the capabilities needed to lead the transformation of motorcycling. LiveWire benefits from Harley-Davidson’s engineering expertise, manufacturing footprint, supply chain infrastructure, and global logistics capabilities. Innovating by design and attracting industry-leading talent, LiveWire is headquartered virtually, with initial hubs in Silicon Valley, CA (LiveWire Labs) and Milwaukee, WI. www.livewire.com

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About Harley-Davidson : Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Our vision: Building our legend and leading our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Our ambition is to maintain our place as the most desirable motorcycle brand in the world. Since 1903, Harley-Davidson has defined motorcycle culture by delivering a motorcycle lifestyle with distinctive and customizable motorcycles, experiences, motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get riders on the road. www.harley-davidson.com

Advisors : J.P. Morgan Securities LLC served as financial advisor to Harley-Davidson, and Latham & Watkins LLP acted as legal counsel to Harley-Davidson. Credit Suisse Securities (USA) LLC served as financial advisor and capital markets advisor to ABIC. Citigroup Global Markets Inc. served as capital markets advisor to ABIC. Kirkland & Ellis LLP acted as legal counsel to ABIC.

Forward-Looking Statements Legend
This communication may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning LiveWire’s possible or assumed future results of operations, business strategies, debt levels, competitive position, industry environment, potential growth opportunities and the effects of regulation, including whether the business combination between the Company and ABIC (the “Business Combination”) will generate returns for shareholders. These forward-looking statements are based on Harley-Davidson’s or LiveWire’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. When used in this communication, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Harley-Davidson’s or LiveWire’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (a) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of LiveWire to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (b) costs related to the Business Combination; (c) changes in applicable laws or regulations, including legal or regulatory developments (including, without limitation, accounting considerations) which could result in the need for LiveWire to restate its historical financial statements and negatively impact the trading price of LiveWire’s securities; (d) the possibility that Harley-Davidson and LiveWire may be adversely affected by other economic, business, and/or competitive factors; (e) Harley-Davidson’s ability to execute its business plans and strategies, including The Hardwire; (f) LiveWire’s estimates of expenses and profitability and (g) other risks and uncertainties indicated from time to time in the final prospectus of LiveWire, including those under “Risk Factors” therein, and other documents filed or to be filed with the Securities and Exchange Commission by Harley-Davidson or LiveWire. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Harley-Davidson and LiveWire assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Harley-Davidson nor LiveWire gives any assurance that LiveWire will achieve its expectations.

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NCOM Biker Newsbytes for September 2022

By General Posts

Industry & Legislative Motorcycle News from USA and the world
Compiled & Edited by Bill Bish

THE AIM / NCOM MOTORCYCLE E-NEWS SERVICE is brought to you by Aid to Injured Motorcyclists (A.I.M.) and the National Coalition of Motorcyclists (NCOM).

In the News this Month:

  • QEII RIP
  • NEW STUDY REVEALS SELF-DRIVING CARS ARE NOT SAFE FOR MOTORCYCLISTS
  • SELF-DRIVING CARS ARE COMING, SOONER THAN LATER
  • CALIFORNIA VOTES TO BAN NEW GAS CAR SALES BY 2035
  • NOTEWORTHY TOO: MAJOR HEATWAVE IN CHINA DISRUPTS SUPPLY CHAIN
  • TEN ELECTRIC MOTORCYCLES DUE FROM HONDA BY 2025
  • ILLINOIS ANNOUNCES ROUND TWO OF ITS EV REBATE PROGRAM, INCLUDING BIKES
  • BIG BROTHER MAY PUT AN END TO SPEEDING IN NEW YORK
  • ONE OF THE WORLD’S MOST POPULATED NATIONS SET TO BAN ALL MOTORCYCLES

Catch all the Details by Clicking Here.

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NCOM Biker Newsbytes for August 2022

By General Posts

Industry & Legislative Motorcycle News from USA and the world
Compiled & Edited by Bill Bish

In the News this Month:

  • Motorcyclist killed by self-driving car — “the driver of the Tesla said he had the ‘auto-pilot’ setting on…he told police he didn’t see the motorcyclist.”
  • UN set to allow increased speed for autonomous vehicles
  • Honda developing lane assistance system for the “bikes of the future”
  • UK wants to ban the sale of new fossil fueled motorcycles
  • Jury acquits trucker charged with seven-count motorcycle homicide (Yes! Its that New Hampshire trucker!!!)
  • Petition calls for proper punishment for Bike thieves
  • Sturgis traffic down, but still higher than average
  • Bonneville motorcycle speed trials cancelled due to flooding
  • Gold Wing Road Riders Association (GWRRA) calls it quits
  • SAVE THE DATE 2023 NCOM Conevention in Phoenix

Click here to read important motorcycle related NCOM news for August 2022 on Bikernet.com

THE AIM / NCOM MOTORCYCLE E-NEWS SERVICE is brought to you by Aid to Injured Motorcyclists (A.I.M.) and the National Coalition of Motorcyclists (NCOM), and is sponsored by the Law Offices of Richard M. Lester. If you’ve been involved in any kind of accident, call us at 1-(800) ON-A-BIKE or visit www.ON-A-BIKE.com.

QUOTABLE QUOTE:
“But where, says some, is the king of America? I’ll tell you. . . . let a crown be placed . . . , by which the world may know, . . . that in America the law is king. For in absolute governments the king is the law, so in free countries the law ought to be king; and there ought to be no other . . . ” ~ Thomas Paine (1776), Patriot

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NCOM Biker Newsbytes for July 2022

By General Posts

Silver Spoke Winners 2022

Industry & Legislative Motorcycle News from USA and the world
Compiled & Edited by Bill Bish

  • NCOM Convention Rocks Nashville
  • New Motorcycle Organizations join NCOM
  • Fuel Transperancy
  • Tennessee waives Registration Fees for One Year
  • Iowa ATV Riders now have greater access to State Roads
  • New York gets tough on Non-Legal Road Bikes
  • No more Licenses required for Three-Wheelers in Utah

CLICK Here to Read this July Newsbytes on Bikernet.com

The National Coalition of Motorcyclists (NCOM) is a nationwide motorcyclists rights organization serving over 2,000 NCOM Member Groups throughout the United States, with all services fully-funded through Aid to Injured Motorcyclist (AIM) Attorneys available in each state who donate a portion of their legal fees from motorcycle accidents back into the NCOM Network of Biker Services
Visit: www.ON-A-BIKE.com or contact 800-ON-A-BIKE.

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New Petrol Motorcycles still getting launched in India?

By General Posts

A motorcycle major has launched a new model to compete in mid-segment motorcycles below 750cc.

Even as Electric two-wheeler and four-wheeler demands keep increasing, why would people still want some ICE engines?

How & why global net zero emissions and electrified vehicles cannot be achieved as simply as signing international agreements? Apart from few options to generate electricity, its not really developing nations’ vehicles that consume most fuel.

READ the full Article with examples at Bikernet.com – Click Here

Editor’s Note: Views expressed or reported in the Article are those of the author alone.

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NCOM Biker Newsbytes for May 2022

By General Posts

National Coalition of Motorcyclists (NCOM) News provides updates on motorcycle industry, market, legislation, rights of bikers, motorcyclists in USA, and motorcycle news from around the world.

THIS MONTH –

  • US President Recognizes Motorcycle Awareness Month
  • Traffic Deaths Top 16 Year High
  • Teenagers More Likely To Die in Car Crash Than by COVID
  • European Motorcyclists Fight to Protect Rider Data
  • New Hampshire Outlaws Motorcycle Profiling
  • Seeking Support for Federal Anti-Profiling Measure
  • California may Establish Pilot Noise Camera Program
  • NCOM Nashville – Be There If you Care

CLICK HERE To Read the May-2022 NCOM Biker Newsbytes

ABOUT AIM / NCOM: The National Coalition of Motorcyclists (NCOM) is a nationwide motorcyclists rights organization serving over 2,000 NCOM Member Groups throughout the United States, with all services fully-funded through Aid to Injured Motorcyclist (AIM) Attorneys available in each state who donate a portion of their legal fees from motorcycle accidents back into the NCOM Network of Biker Services (www.ON-A-BIKE.com / 800-ON-A-BIKE).

The 37th annual NCOM Convention in Nashville, Tennessee will draw hundreds of bikers’ rights activists from across America to “Music City, USA” from June 17-19 at the Embassy Suites by Hilton Nashville Airport, 10 Century Blvd. (615-871-0033 for room reservations), to discuss and develop legal and legislative strategies regarding issues of concern to all riders.

For more information, or to pre-register (by June 10), call the National Coalition of Motorcyclists at (800) 525-5355 or visit www.ON-A-BIKE.com. ALL motorcyclists are welcome and encouraged to attend!

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Harley-Davidson’s 2nd Generation Serial-1 E-bikes going big on software

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Harley-Davidson’s updated Serial 1 e-bikes will feature Google Cloud connectivity
Most of the major changes are under the surface

by Andrew J. Hawkins from https://www.theverge.com/

Serial 1, the electric bike company spun out of Harley-Davidson, launched its second-generation lineup of premium e-bikes — but the biggest changes will be coming to the company’s app.

The updated bikes will come with a host of new software features provided by Serial 1’s new partnership with Google Cloud. The company says that Google Cloud has selected Serial 1 as its new “strategic eMobility partner,” meaning the e-bike maker will be among the first to integrate Google’s software products into its vehicles.

The software-enabled e-bikes will allow owners to track their trips, collect data, and “significantly improve safety and security,” Serial 1 says. It reflects a trend in the e-bike industry to install bikes with cloud-connected software as an additional selling point.

The centerpiece of the new partnership will be the Serial 1 app, in which owners can see turn-by-turn navigation, collect ride data, and control security features on their bike. Serial 1 is promising more high-tech features to come thanks to the company’s “access to Google Cloud analytics and business intelligence and integration with Google Cloud AI functionality.”

Google Cloud will also ensure a stronger connection between the bike and the user’s smartphone. Most e-bikes use Bluetooth to connect to a smartphone app, but Serial 1’s bikes will use cellular and GPS technology, in addition to Bluetooth, to ensure owners can connect to their bikes even when they are not in their line of sight.

Just a quick refresher: Serial 1 is a standalone electric bike company that spun out from Harley-Davidson in October 2020. Its current lineup includes four bikes, ranging in price from $3,399 to $4,999. The brand names are Mosh/Cty, a city bike, and the commuter Rush/Cty, which comes in three variants (regular, Step-Thru, and Speed). Each comes with a mid-drive motor capable of generating 250W of continuous power and hitting top speeds of 20mph — except for the Rush/Cty Speed, which can go 28mph.

The powertrains will be the same in the second-generation bikes. Most of the major changes are under the surface. These include improved security features, such as flashing lights, disabled pedal-assist functionality, and real-time locations.

The Serial 1 app will integrate with Google Maps to provide better navigation, for example, by prioritizing routes with bike lanes. Serial 1’s simplified digital displays are supplied by Brose, a German company that also makes the bike’s powertrain, so users will likely have to mount their smartphones on the handlebars to benefit from these types of features.

The app will also feature a “virtual garage” in which owners can name, track, and digitally manage their e-bikes. This will include a new dashboard for owners to monitor their bike’s ride data, including speed, distance, range, power output (both for the rider and the battery), efficiency, and state-of-charge, among other metrics. Serial 1 owners can record their rides to learn more about their performance and progress. And the app will provide automatic service updates when their bikes are in need of a tune-up.

The physical look and controls for the second-generation bikes will remain largely the same. I loved the bikes when I got to test them out last year. The same team that developed the batteries for Harley-Davidson electric LiveWire motorcycles also developed batteries for Serial 1. The integrated batteries are mounted very low on the frame, which helps with the mass centralization and improved handling.

With this new update, it’s clear Serial 1 is taking aim at major manufacturers like Giant, Trek, and Specialized, which sell premium e-bikes for high-end customers. Specialized, in particular, has been touting the connected software in its Turbo lineup. And like Harley-Davidson, the company just announced that it was spinning out its own brand called Globe that will exclusively focus on utility e-bikes.

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MRF Update: Paving the Way & Rolling Toward Washington, D.C.

By General Posts

BIKERS INSIDE THE BELTWAY ! THE VOICE OF BIKERS IN WASHINGTON !

The groundwork to pave the metaphorical roads to Washington D.C. and Capitol Hill took time and commitments from freedom loving motorcyclists from throughout the country. Individual attendance to Bikers Inside the Beltway, less than a month away, makes a difference in accomplishing our legislative goals.

Yes, the Motorcycle Riders Foundation is rolling toward Washington. Yes, since 2009 the MRF has hosted Bikers Inside the Beltway, a grassroots tradition orchestrated by SMROs that began with just as much determination but without a name in 1989.

The MRF has brought over a thousand motorcyclists to Washington to meet with their members of Congress with the sole mission of promoting a legislative agenda that continues to successfully become law on behalf of all street riding motorcyclists.

Those visits are effective. Members of Congress know that it is not easy for constituents to make the trip to Washington, D.C. And when constituents from a well-known organization such as the Motorcycle Riders Foundation venture to Washington to meet with their congressional delegation, members of Congress tend to listen.

Your personal visit to Congress does make a difference. Co-sponsors on legislation the MRF supported rose over 20 percent during Bikers Inside the Beltway in 2021. Numbers make a difference. Currently, there almost ninety co-sponsors on H. Res 366 – an anti-profiling resolution. By joining other freedom loving motorcyclists, you can help increase those co-sponsors so that those numbers make an even greater difference.

The MRF’s legislative agenda – beyond the three items listed below — recommended and approved by SMRO leaders at the 2021 Meeting of the Minds, is not all-inclusive.

News items during the past two weeks have repeatedly demonstrated why the following items are at the top of the MRF’s legislative agenda as we move toward Bikers Inside the Beltway:

  • Profiling: Sustain lobbying efforts for the passage of resolutions or legislation that promotes awareness and prohibition of motorcyclists profiling.
  • Renewable Fuels: Advocate for targeted changes to the Renewable Fuel Standard (RFS). Support the universal availability of approved fuel blends, containing no more than 10 percent ethanol by volume. Ensure that consumers are educated on proper fuel usage.
  • Autonomous Vehicles: Advocate and monitor any legislation or regulations related to motorcycles concerning connected and autonomous vehicles (AV) including endorsing rulemaking to set new standards specific to seeing, detecting, and properly reacting to motorcycles. Ensure motorcycles are part of all testing and development procedure.

The pandemic, and the events of January 6, 2021, did not deter the MRF. More than one-hundred motorcyclists attended the first in-person meeting in 2021 with members of Congress last May. The above items are the missing pieces of the 2021 infrastructure legislation, and they are driving the MRF’s need to return to Washington when Bikers Inside the Beltway meets on May 17.

Join us to ensure that the mission of getting our message to Congress does not fail, please consider the following:

  • Make your appointments locally or in Washington
  • Familiarize yourself with the briefing points
  • Confirm your appointment locally or in Washington
  • Virtual or in person, make notes on your meeting
  • Share your meeting notes with the MRF

Numbers do make a difference toward accomplishing the legislative goals of the MRF. All 435 members of the House of Representatives are up for reelection. Thirty-four members of the Senate are up for election. Numbers do make a difference. Like it or not, legislators tend to listen better during election years.

Paving the way for the long haul is what the MRF does to ensure that the future of motorcycling survives. It is not too late to use that “paved way” to help the numbers make a difference.

Rooms are available through the hotel direct line 703-684-5900 and use reference code MRF. And while you are there, make plans to attend a meeting of the MRF Board of Directors on May 16 at the Embassy Suites, 1900 Diagonal Road, Alexandria, VA 22314.

Bikers Inside the Beltway 2022 – The Motorcycle Riders Foundation — paving the way for the long haul and rolling toward Washington, D.C.!

Yours in Freedom,
Fred
Fredric Harrell

About Motorcycle Riders Foundation: The Motorcycle Riders Foundation (MRF) provides leadership at the federal level for states’ motorcyclists’ rights organizations as well as motorcycle clubs and individual riders. Visit Website at: https://mrf.org/

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At Largest Market: Two-wheeler sales crash to 10-year-low in FY22

By General Posts

Two-wheeler sales crash to 10-year-low in FY22; motorcycles fall below 9 mn
India is the largest manufacturer of two-wheelers and also the largest market for it. (China being second)

One of the primary reasons for this downfall is the spiraling cost of fuel prices.
by John from https://www.newswwc.com/

New Delhi: Rural distress impacted the Indian two-wheeler segment, one of the largest in the world, in a big way that their sales in 2021-22 fell sharply, for the first time in ten years, to 13,466,000 units, as per the latest data from the Society of Indian Automobile Manufacturers (SIAM). It was in 2011-2012 that the two-wheeler sales were close to this number at 13,409,00.

( India’s Financial Year is calculated as from 01-April-2021 to 31-March-2022 )

Throughout the year, demand for motorcycles and scooters was impacted by rural distress and higher ownership cost amidst soaring fuel prices. Sales of two-wheelers, particularly motorcycles failed to gather momentum even during the festive months, leaving the companies burdened with a pile of unsold stocks. As a result, the overall sales of motorcycles fell below the 9-lakh mark for the first time since 2016-2017, SIAM report said.

One of the primary reasons for this downfall is the spiraling cost of fuel prices. Barring two months, petrol prices escalated in almost all months of FY22, sometimes even thrice a month that severely impacted the demand of entry-level motorcycles which is the primary choice of the budget-conscious low-income consumers.

New motorcycle sales are directly correlated with fuel prices, as 62% of the country’s fuel sales are consumed by the two-wheeler segment.

According to market experts, spike in auto fuel prices has triggered the rate of deferment majorly among the consumers of below 125cc two-wheelers that hold about 80% of the total market. Besides, shortage of semiconductors and high container charges have also deterred the production levels of OEMs.

Besides, frequent price hikes by the OEMs to overcome the spike in input cost coupled with moderation in rural demand hugely deterred the buying sentiments of consumers.

Additionally, electric vehicle demand continues to witness pickup in the states with higher government incentives like Maharashtra, Gujarat, Delhi, Karnataka etc., which are also key markets for conventional two-wheelers.

All the segments except the two wheelers are in green. Passenger vehicle sales grew 13.2% to 30,69,499 units in FY 22 compared to 27,11,457 units in FY21. Sales of passenger cars stood at 14,67,056 units, utility vehicles at 14,89,178 units and vans at 1,13,265 units.

As fuel prices skyrocket and concerns grow over the running cost of petrol and diesel vehicles, the electric vehicles market has quietly started to build up. As fiscal 2021-22 came to a close, the green brigade — still small in numbers — seems to be coming of age, also charged by government subsidies.

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