BRP has announced the purchase of select assets of Faster Faster, Inc. (Alta Motors), former manufacturer of electric-powered motorcycles.
This purchase includes certain intellectual property, patents and some limited physical assets from the former all-electric motorcycle design and manufacturing company. It is an opportunity for BRP to complement its ongoing research and development into this burgeoning area of expertise.
The purchase reinforces BRP’s longstanding interest in new technologies and alternate energy sources for the powersports industry. BRP has already commercialized electric side-by-side vehicles for a number of years, has created electric and hybrid prototypes of Can-Am Spyder vehicles and is currently involved in electric karting with Rotax.
Alta Motors ceased operations in October 2018 after Harley Davidson backed out of an investment collaboration with Alta. BRP has no interest in restarting operations of Alta Motors and assumes no liabilities.