E-Scooter Manufacturer Vectrix Goes Bankrupt Again, Most Likely for Good

That’s right, the New Bedford-based company has just filed with the US Bankruptcy Court, for the second time in 5 years, or so, bizjournals.com reports. With liabilities estimated between $10 million and $50 million (€7.25-36.25 mil), Vectrix posted $1-10 million (€725,000-7.25 mil) assets when filing for Chapter 7 bankruptcy. Chapter 7 usually means liquidating everything and calling it quits, so it may be that this is one of the last times we hear about Vectrix.

Back in 2009 the company was placed under bankruptcy protection and negotiated selling most of the assets at the time, but it looks like this time the noose got really tight. Founded in 1996, it took 10 years for Vectrix to start drawing attention and press coverage and everyone thought things were afloat.

2008 even saw the NYPD choosing Vectrix scooters for official tests, and the Boston Marathon using them as pace-setters, which was a pretty big achievement for such a young company. So it looks like there is no point in waiting for new Vectrix machines, such as the VT-1 or VX-3, at least not with the Vectrix badge.

Vectrix has had headquarters in New Bedford, Massachusetts, a sales office in California and a plant in Poland. If interested in them, drop the US Bankruptcy Court a line.