May 5, 2009 4:48 PM
- Text
The Motorcycle For Sale at Best Buy
(MoneyWatch)
Creating a dealer network is a big hurdle for any vehicle startup, so Craig Bramscher, CEO of electric motorcycle maker Brammo, made a smart move: He hooked up with Best Buy.
Later this spring, the first (of three) Brammo EV bikes will go on sale online, but you have other options. "We can confirm that Best Buy will be piloting electric-powered personal transportation products at some of its stores on the west coast later this spring," the terse statement says. "This selection will include Brammo."
The Brammo Enertia is a carbon fiber-based urban commuter bike with a 50-mph top speed and a 40-mile range. It is cool looking, because Bramscher--whose Dream Media company, which created databases for giants like Sony, Warner Brothers and Fox, was acquired in 1997--is a car guy. Before making it big in new media, he was a parts schlepper at Midnight Auto Parts in Kansas City, taking advantage of the employee discount to fix up and sell old cars.
Brammo set out to build a supercar for six-footers, but instead it detoured into importing the Ariel Atom, a British-made race car. "We sold $8 million of them over a couple of years," Bramscher said. "And then we thought about building an electric car, but two things deterred us: the capital intensity, and the time it would take to get a car matched to a set of batteries and on the market. So we decided a motorcycle was the perfect solution to where batteries are today."
Here's what the Enertia looks like on the road:
Brammo's goal is nothing less than being the first profitable pure EV company, and it thinks motorcycles will make that happen. The Enertia is priced at $12,000, and an upscale version (with more carbon fiber) is sold out. A 10 percent federal tax credit will get the price down to $10,000.
"This is a super-efficient motorcycle," Bramscher says. "It can travel 7,500 miles on $50 worth of energy. Existing motorcycles can do, at best, 80 mpg. We are orders of magnitude more efficient--and 10 times as efficient as a Prius, too."
Creating a dealer network is a big hurdle for any vehicle startup, so Craig Bramscher, CEO of electric motorcycle maker Brammo, made a smart move: He hooked up with Best Buy.Later this spring, the first (of three) Brammo EV bikes will go on sale online, but you have other options. "We can confirm that Best Buy will be piloting electric-powered personal transportation products at some of its stores on the west coast later this spring," the terse statement says. "This selection will include Brammo."
The Brammo Enertia is a carbon fiber-based urban commuter bike with a 50-mph top speed and a 40-mile range. It is cool looking, because Bramscher--whose Dream Media company, which created databases for giants like Sony, Warner Brothers and Fox, was acquired in 1997--is a car guy. Before making it big in new media, he was a parts schlepper at Midnight Auto Parts in Kansas City, taking advantage of the employee discount to fix up and sell old cars.
Brammo set out to build a supercar for six-footers, but instead it detoured into importing the Ariel Atom, a British-made race car. "We sold $8 million of them over a couple of years," Bramscher said. "And then we thought about building an electric car, but two things deterred us: the capital intensity, and the time it would take to get a car matched to a set of batteries and on the market. So we decided a motorcycle was the perfect solution to where batteries are today."
Here's what the Enertia looks like on the road:
Brammo's goal is nothing less than being the first profitable pure EV company, and it thinks motorcycles will make that happen. The Enertia is priced at $12,000, and an upscale version (with more carbon fiber) is sold out. A 10 percent federal tax credit will get the price down to $10,000.
"This is a super-efficient motorcycle," Bramscher says. "It can travel 7,500 miles on $50 worth of energy. Existing motorcycles can do, at best, 80 mpg. We are orders of magnitude more efficient--and 10 times as efficient as a Prius, too."
Latest Now in MoneyWatch
- Greece fails to agree terms with EU creditors
- 5 banks in $37B settlement with feds over abuses
- Gas prices continue to creep up
- Joe Coffee | Secrets of Successful Startups
- Small business mistake: coasting on past success
- Groupon's revenue, losses grow quarter to quarter
- News Corp beats estimates despite hacking charges
- Cisco earnings, sales top estimates
- Groupon reports loss, higher revenue
- BlackBerry apps more lucrative than iPhone?
- Chinese-born American acquitted of espionage
- Why coffee geeks make good employees
- The silent killer: Your In box
- Gary Busey files for bankruptcy
- Drugmaker pays $442m in Plavix patent case
- The 10 cheapest cars to insure
- The 10 priciest cars to insure
Latest CBS News Headlines
on Facebook
on CBS News
- Survey finds strong franc hurting Swiss economy
- Sweden: Europeans need to question pension habits
- Ind. wheat 'excellent' despite wet planting season
- Alibaba to clarify deal talk as Yahoo eyes sale
on Facebook
- Calif. surfer runs fastest-growing camera company
- Mo. teen gets life in prison for murder of 9-year-old girl
- "Person to Person": Bon Jovi behind the scenes
- Adele opens up about vocal cord surgery
on CBS News






