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RideApart
RideApart
Sport

New Zealand-Based EV Bike Maker UBCO Is Close to Bankruptcy

Electric mobility has taken the world by storm, and the hype surrounding all things electric is undeniable. The push for cleaner, greener, and more sustainable transportation has undoubtedly driven innovation, resulting in a wide variety of EVs hitting the roads.

But the EV craze isn’t limited to just electric cars. The two-wheeled segment has also seen a surge, with everything from high-performance electric motorcycles to urban-focused e-bikes making their mark.

Out of all the names that have managed to make it big in the industry, New Zealand-based startup UBCO just has to be one of them. It came into prominence thanks to its 2x2 all-wheel-drive e-bikes that were particularly versatile, both in and out of the city. We’ve talked about the 2x2 on multiple occasions, and how it seemed like a solid, versatile two-wheeler ideal for both work and play. Indeed, things were looking up for UBCO, as it struck a high-profile deal with Australia Post, delivering 175 UBCO Duty e-bikes for mail deliveries across both urban and rural terrains.

But despite the company’s success, it has somehow managed to find itself in hot water. And the company's future looks bleak. 

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