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Electric motorcycle brand Nuen Moto has suspended its N1-S project in Vietnam, just about a year after launch, with customer deposits being refunded in full. The N1-S made 32hp with roughly 245km of range and was priced between 170 and 190 million VND depending on trim.
8kWh for 245km of range and 32hp isn't a bad spec on paper. Looking at the numbers, this reads less like a technical failure and more like the business simply couldn't sustain itself. Even setting emotion aside, calling it after one year isn't obviously premature.
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Chinese EV brands seem to have deeper pockets to survive this.
EV motorcycle startups seem to hit this a lot lately.
Full deposit refunds mean the damage was kept fairly minimal.
At least the full refund handling deserves some credit.
Feel bad for anyone who had a deposit down on this.
Folding after one year is fast, shows how hard startups have it.
8kWh for 245km wasn't a bad spec to begin with, honestly.
