Latest from the Vectrix corp

Last month we had heard of rumors about Vectrix being reborn. We did share with you that they will be running on Lithium-Ion but did not elaborate on which company would be behind it all.

Vectrix announced two months back their intent to file for Chapter 11. The move was intended to restructure the dwindling fortunes of the organization and now it seems they are sending feelers for their return.

Back in September, Vectrix Corporation and announced a planned October auction after filing for Chapter 11.

Vectrix in R.I. has filed for Chapter 11, a move that seems to be common these days. The high-end electric scooter company had laid off most of its workers after failing to get a new investor to support their faltering operations.

Though the company has reported sufficient sales and customer feedback, the economy is not taking those things under consideration. And as far as management is concerned, it seems unlikely that they will ride out the current conditions until something positive (like an investor) or a miracle comes their way.