Powersports Business October 2023 | Page 27

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ELECTRIC

Powersports Business • October 2023 • 27

Specialized Bicycles launches new e-bike line

The Specialized Bicycles Haul ST is listed at $ 2,800 . Photos courtsey of Specialized
Specialized Bicycles has launched its Globe line of cargo e-bikes with the debut of the Haul ST ( Short Tail ) and LT ( Long Tail ) models . The Globe line has an increased load capacity and is equipped with an accessory mounting system .
The Haul is built on an aluminum stepthrough frame and a hub-drive motor designed to transport up to 419 pounds for up to 60 miles on a charge for the ST and a 441−pound capacity on the LT . It is listed as a Class 3 Electric bike , with pedal assistance
The Haul LT is designed to transport up to 441 pounds for up to 60 miles on one charge .
up to 28 mph , and five levels of pedal assist available . Pedal assist is controlled through the Globe Haul handlebar remote , which also displays the state of charge , estimated remaining range , and odometer .
An optional throttle can be added as well , to add Class 2 capability . ( Class 2 e-bikes have a maximum speed of 20 mph and are throttle-assisted . Class 3 e-bikes are pedal-assist only , with no throttle , and have a maximum assisted speed of 28 mph ). Larry Young , channel development leader of Specialized ,
explains that the throttle option will appeal to powersports riders and can be connected to the e-bike and activated from a phone .
The one-size-fits-all platform with a dualtelescoping seatpost and adjustable handlebars can accommodate riders from 4 feet 5 inches to 6 feet 4 inches tall , and it rides on 20x3.5−inch wheels . The mounting system and Specialized ' s engineered accessories — front and rear pannier adaptors , a rear passenger seat , handlebars , foot pegs , and multiple rack mounting options — will allow riders to personalize storage and seating configurations on both the ST and LT models . The ST version was recently awarded Bicycling Magazine ’ s “ Bike of the Year ” award .
“ In the last few years , Specialized has recognized that there is cross over between the high-end bicycle consumer and the powersports customer ,” Young says . “ We have made the effort in the last few years to partner up with key powersports dealers across the country , primarily with our Turbo bicycles
which are our line of pedal assist bikes . We have a whole network of dealers across the country , about 60 of them , that are selling our pedal assist e-bikes .”
The Haul ST and LT launches a segment completely new to the company . The utility bikes are versatile and will appeal to all kinds of riders , including riders who like to camp , fish , or who simply want to enjoy the outdoors in a new way . The Haul ST MSRP is listed at $ 2,800 and the LT is listed at $ 3,500 .
Additional Features : 4−Piston Hydraulic Disc Brakes Front and Rear Lights with various brightness modes Full coverage fenders ST available in 3 colors , LT available in 1 color 9−Speed Drivetrain
Dealers can contact Channel Development Leader Larry Young to learn more at larry . young @ specialized . com .
DIGEST
TAIGA DOUBLES Q2 REVENUE
Taiga Motors Corporation , an electric offroad vehicle manufacturer , reported its financial and operating results for the second quarter ending June 30 , 2023 , with sales of $ 4.1 million from 145 vehicles during the Q2 .
The company reported revenue growth of 137 % compared to the first quarter of 2023 . Taiga produced 178 snowmobiles and personal watercraft ( Orca Carbon ) during Q2 .
Inventory increased to $ 24.9 million as of June 30 , 2023 , compared to $ 20.8 million as of Dec . 31 , 2022 . The increase in inventory is largely associated with parts purchased for the upcoming Orca Performance as well as higher levels of finished goods .
During the quarter , Taiga continued to expand its Taiga Service Provider ( TSP ) network and as of June 30 , 2023 , Taiga ’ s TSP network included 20 locations to provide deliveries and after-sales service across Canada and the U . S .
“ The second quarter served as proof of our snowmobile platform ’ s scalability . The 2023 Nomad was re-engineered for improved manufacturability , and we saw that yield strong throughput results in tandem with our ongoing supply chain improvements ,” says Sam Bruneau , CEO of Taiga . “ We ’ re now on our path to resume our high throughput production with the Orca Performance in the third quarter as we get through the limited-edition Orca Carbon . We are laser-focused on building our momentum as we ramp up rapidly .”
While the company was able to reach targeted throughput with its 2023 Nomad snowmobile , the Orca Carbon personal
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watercraft continued to present unique supply issues related to a single supplier . Therefore , management is now advising its production to be at the lower end of the previous guidance of 1,700−1,900 vehicles delivered in 2023 . Production continues to be weighed to the second half of 2023 , according to Taiga .

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