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Voltz (motorcycles)

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Voltz
IndustryMotorcycle manufacturing
Founded2017; 7 years ago (2017)
FounderRenato Villar
Headquarters
Recife, Pernambuco
,
Brazil

Voltz, is a Brazilian startup company that produces electric scooters and motorcycles, founded in 2017 in Recife. It has sold more than 4,535 units in 2022, with 0.33% of market share.[1][2]

According to the National Federation of Motor Vehicle Distribution (FENABRAVE), the company sold 1,629 motorcycles from January to September 2023, down 55.6% from 3,664 on the same period in 2022.[3][4]

In 2022, Voltz recorded 24,000 reservations, of which 6,000 were actually converted into sales[a] and another 10,000 were canceled.[3] During the pandemic, the company had reached the top 5 in sale figures, it now ranks only 13th, with a market share of 0.14%.[3][4]

A factory was opened in Manaus (AM) in May 2022, initially to produce 5000 units, but with a capacity of 15,000 units, targeting an annual production of 180,000 units.[5]

In addition to the four scooter models "EV1", "EVS", "EVS Sport" and "EVS Work" with battery from 32 Ah to 70 Ah and range from 100 km to 180 km, the company produces the electric cargo trike “Miles” with a cargo box with 750 liters capacity located above the front axle.[6]

In 2023, the company admitted that it was going through financial problems and has been accumulating delays in deliveries,[7][8][9] but says that the motorcycles sold will be delivered.[7][3] In addition to an eviction action at the factory in Manaus,[10] the company is involved in several lawsuits and may go into voluntary arrangement.[3][11][12]

Notes

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  1. ^ Corporate sales are usually not included in the annual data

References

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  1. ^ "Voltz abre fábrica em Manaus com investimento de 12 milhões" [Voltz opens factory in Manaus with an investment of 12 million]. Olhar Digital (in Brazilian Portuguese). 31 May 2022. Retrieved 2022-08-11.
  2. ^ "Marcas de motos mais vendidas em 2022". MOTOO (in Brazilian Portuguese). Retrieved 2023-11-22.
  3. ^ a b c d e "Voltz, investida do Ultra e da Creditas, entra em curto-circuito". NeoFeed (in Brazilian Portuguese). 2023-10-19. Retrieved 2023-11-22.
  4. ^ a b "Voltz: startup de motos elétricas amarga crise após rápida expansão". InsideEVs Brasil (in Brazilian Portuguese). 2023-09-20. Retrieved 2023-11-22.
  5. ^ "Voltz abre fábrica em Manaus (AM) e quer moto elétrica com radares" [Voltz opens factory in Manaus (AM) and wants electric bike with radars]. motor1.com (in Brazilian Portuguese). 30 May 2022. Retrieved 2022-08-11.
  6. ^ "Voltz apresenta nova fábrica de motocicletas elétricas; veja vídeo" [Voltz presents new electric motorcycle factory; watch video]. Istoé Dinheiro (in Brazilian Portuguese). 12 Apr 2022. Retrieved 2022-08-11.
  7. ^ a b "Voltz admite problemas financeiros". Mobilidade Estadão. 2023-05-23. Retrieved 2023-06-20.
  8. ^ "Infomoto - Voltz atrasa entregas, acumula problemas e encara até ação de despejo". www.uol.com.br (in Brazilian Portuguese). Retrieved 2023-06-20.
  9. ^ ""Tesla do Nordeste" atrasa a entrega de motos elétricas em mais de um ano". www.uol.com.br (in Brazilian Portuguese). Retrieved 2023-06-20.
  10. ^ "EXCLUSIVO: Promessa das motos elétricas, Voltz é alvo de ação de despejo em fábrica". Reset (in Brazilian Portuguese). 2023-05-10. Retrieved 2023-11-22.
  11. ^ "Voltz, startup de moto elétricas, prepara recuperação judicial". InfoMoney. 2023-11-21. Retrieved 2023-11-22.
  12. ^ "Com dívida de R$ 335,1 milhões, Voltz se prepara para recuperação judicial". NeoFeed (in Brazilian Portuguese). 2023-11-21. Retrieved 2023-11-22.
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