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Mission Motorcycles Filing for Bankruptcy

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If you were one of the unlucky few who plopped down close to $125,000 in deposits for a Mission R or Mission RS electric motorcycle by Mission Motorcycles, we hate to inform you that you are certainly not going to receive the bike you hoped to purchase, and you are likely not going to see your deposit back either.

This is because Mission Motorcycles, commanded by Mark Seeger, is set to file for Chapter 7 bankruptcy, which would see the company’s few assets liquidated in order to repay creditors.

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Mission Motorcycles Becomes Mission Electric, Boats & Cars to Come, Mission R/RS Motos Delayed Until Q2/Q3 2015

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Interesting things are afoot in the electric realm. Mission Motorcycles is about to expand beyond the two-wheels, as the company becomes officially called Mission Electric. The change comes about as Mission plans to expand into the automotive and marine segments, though the San Francisco company isn’t saying yet who it is partnering with in those spaces.

Mission says it will continue to offer consumer-side products, like its current crop of electric motorcycles, the Mission R and Mission RS. However, its business model will expand to offer business-side electric drivetrain components, which was previously the realm of Mission Motors.

From what our sources say, this move will mean that Mission Motorcycles and Mission Motors will once again become one entity — loyal readers will remember that Mission Motorcycles was spun out of Mission Motors two years ago.

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Mission Motorcycles Files Lawsuit Against Co-Founder

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New Jersey newspaper The Record is reporting that Mission Motorcycles, maker of the soon-to-be-released Mission RS and Mission R electric motorcycles, has filed a lawsuit against one of the company’s co-founders, Vincent Ip.

In its lawsuit filed with the U.S. District Court in New Jersey, Mission Motorcycles asserts that Ip must relinquish stock in the EV startup, pursuant to a stock restriction agreement the Ip signed with fellow co-founders Mark Seeger and Andrew Ng.

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Bikes

Mission Motorcycles Debuts the Mission RS – 160hp, 200 Mile Range, and a $58,999 Price Tag

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As we suspected, the Mission R by Mission Motors lives, albeit in a new company and with a new name. Coming from Mission Motorcycles, the now-called Mission RS (race special) is the realization of what we consider to be the finest road-going electric motorcycle…and we should know, we’ve ridden them all.

Essentially the electric race bike that Steve Rapp piloted to Supersport class lap times at the Laguna Seca MotoGP/AMA/e-Power round in 2011, but with a headlight, taillight and mirrors, the Mission RS boasts some impressive figures.

Sport bike enthusiasts will enjoy the quoted 160hp horsepower, 120 lbs•ft of torque across the rev range, and 17 kWh battery pack, which Mission says is good for a 200 mile range (140 mile real world) and a 150 mph top speed. However, the $58,999 price tag may take some getting used to (insert sticker shock joke here, as well as corresponding eye roll).

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