The company was reportedly close to being acquired outright, only to have the deal fall through at the last minute yet again. Instead of partnering with Alta Motors, Harley-Davidson announced the opening of their own Bay-area research and development center for electric motorcycle drivetrains.Īlta Motors has been searching for another partner ever since the failure of the Harley-Davidson deal. However, plans for a deal fell through, leaving the San Francisco based electric motorbike company scrambling. The company had been in talks with Harley-Davidson about a possible partnership. Instead, they were simply reading the same news reports online as everyone else.Īlta Motors has struggled lately to find enough cash to keep business operations afloat. However, many Alta dealers are still being left in the dark.Īt the time of publication, Alta Motors of SF told Electrek that they had not received any information from the company, according to the dealership. Kissimmee Motorsports, a Florida-based Alta Motors dealership, told Electrek by phone that Alta Motors had confirmed production was shutting down this morning. This morning, a report from Asphalt and Rubber suggested that Alta Motors was ceasing operations.Īccording to an anonymous source, the company has halted business operations effective immediately, sending staff home early.Īlta Motors currently has over 70 dealers across the country, and has already begun informing some of the closure.
The award-winning startup has recently faced issues securing enough funding to continue operations after several investment and partnership deals fell through.Īlta Motors reportedly ceasing operations
According to multiple independent sources, Alta Motors is winding down business operations and shuttering their electric motorbike production line.
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