Energica Motor Company S.p.A

Energica Motor Company S.p.A Overview

Company Headquarters: Italy

Founded: 2014

Workforce: NA

Company Working:

Energica Motor Company S.p.A designs, manufactures, and sells electric vehicles across the globe. It operates as a subsidiary of CRP Group. It offers electric bikes namely Energica EGO, Energica EVA, and Energica EVA ES. Its major business operations comprise design, research & development, manufacturing, and sale of two-wheel vehicles. Furthermore, it offers batteries and chargers, as well as other components and accessories of electric two-wheeled vehicles. It has sales offices located in the US, the UK, Germany, Spain, Austria, Poland, Norway, and Kuwait.

Strategy

Energica Motor Company S.p.A. is focusing on extending its supply chain to adhere to the technological advancements and globalization. It is planning to increase the number of local distributors and suppliers across the globe. Furthermore, it is planning to increase the driving range and capacity of the electric scooters through making investments in R&D so that they can be used for several purposes. Also, it is planning to expand its presence across the globe by signing collaboration agreements.

Company Snapshot

$0.9M

Revenue

2014

Founded

Italy

Headquarters

SWOT Analysis

Strengths

Broad supply and distribution network
High focus on promotions

Weaknesses

Limited presence in the Middle East

Opportunities

Strategic alliances in Asia-Pacific, especially in China
Scope for development of high capacity electric two-wheelers

Threats

Fluctuating import duties
Intense competition from the established players

Product Offering

Energica Motor Company S.p.A
- Energica EGO
- Energica EVA
- Energica EVA ES

Financial Performance

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