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T U E S D A Y - A P R I L 1 3 , 2 0 1 0
Yamaha to develop electric bikes
Yamaha, one of the best-known names in motorcycles, is finally entering the electric bike fray. The company has announced that it will be selling shares in order to raise $812 million to go towards developing low-cost, all-electric motorcycles and "motor-assisted" bicycles.
So far, electric bikes haven't really taken off -- they're expensive and haven't had that "it' factor -- but not many of the big players have been designing them, until now. With Yamaha's presence in the market, electric motorcycles may make a name for themselves.
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