Acquisition forms part of the company’s ”long-standing interest in new technologies and alternate energy sources”
Bombardier Recreational Products (BRP) has purchased select assets of Alta Motors from the parent company Faster Faster, Inc. as part of what the company calls “long-standing interest in new technologies and alternate energy sources for the powersports industry.”
Alta Motors was developing and manufacturing electric motorcycles from 2007 until it closed its doors in October of last year. It released its first all-electric bike in 2016.
In a company news release, BRP states: “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.”
Alta Motors’ decision to pull the plug in 2018 shocked the industry, having assembled a 70-dealer distribution network and sold over 1,000 motorcycles.
There are no plans to resume production of Alta motorcycles by BRP.