Martin Racing, an American powersports third party logistics and parts manufacturer, recently announced that it will be entering the electric powered cycle market.
"We are in the early stages, but we feel we will be a player in the growing EV parts business as it begins to grow in North America," said Jeff Mello an EV consultant for Martin Racing. "As an early stage manufacturing company we are reaching out to potential partners and investors to work in co-operation with the company.
Mello further added, "The truth is from our research Martin Racing has recently acquired a vast surplus of electric Motorcycle, Scooter and ATV components in its acquisitions and these assets have multiple brand applications that could save new assemblers and distributors hundreds of thousands of dollars by outsourcing some of their warranty and parts sales to the company."
Company president Joel Martin said that they are working with several Taiwanese suppliers of electric components. "One of our brands in Taiwan has significant resources and will be helping us work with all the new EV makers, which long term will be the leaders in putting these on U.S. roads, so we want to be the go to guys for those replacement parts."
Martin continued, "Both Smart and Mini brands recently announced their potential entry into the EV U.S. scooter market, which is encouraging, add to that Honda and the potential for a new Piaggio full EV scooter next year and your talking a whole new market."
Several Taiwanese OEMs have all started making electric ebikes or hybrid vehicles for the European markets including SYM, Motive Power Industry Co. Ltd. (PGO brand), Eton, Apax of Japen, and many of these have expressed interest in entering the U.S. market. Several private American assemblers have started to assemble Ebikes and EV vehicles using these Taiwanese and Chinese components in the last year that MRP now has access to.
Martin says he hopes to make a formal announcement at the Dealer Expo next month on their new partners in the EV parts market during one of the Expo seminars.
For more information about Martin Racing, visit www.mrp-speed.com.