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Ryvid, the Southern California-based manufacturer of the popular Ryvid Anthem electric motorcycle, has just launched its second model based on the same platform. The new Ryvid Outset, priced at just $5,995, is set to become the most affordable highway-capable electric motorcycle in the US.

At the same time, the company announced a major price drop, lowering the Ryvid Anthem to just US $6,495 after moving into a new scaled-up production facility in San Bernadino, California.

The Anthem, which began making deliveries late last year, has largely seen use as a commuter-role motorcycle. But the new Outset is designed to offer riders more of a dual-purpose bike, expanding their commuter into a weekend off-roader as well.

As the company explained, “The scrambler-style Outset is a striking option for customers wanting an electric motorcycle for commuting and multi-road adventure. What’s more, because Outset shares a number of key components with Anthem, it opens a unique opportunity for riders to convert one into the other to suit their needs.”

Just like the Anthem, the Outset uses a folded metal frame instead of a tubular frame, which weighs in at an ultralight 12 lb (5 kg).

The Outset also includes a similar 72V system as the Anthem, and features the same 4.3 kWh removable battery. Range is variable depending on speed and terrain, but Eco mode is said to net 70 miles (120 km) per charge. It’s a small battery, but then again it’s a small bike. This isn’t your touring bike, it’s your commuter with a side of local adventure.

But being small also has its advantages. The battery pack has an onboard charger and integrated wheels, allowing owners to drop it out of the bike and wheel it inside or up to their apartment for charging remotely. For owners with street-level charging opportunities or private garages, the battery can also be charged on the bike.

The Outset’s motor is rated at 10 hp continuous and 20 hp peak (7 and 14 kW, respectively). The motor puts out 53 ft-lb of torque (72 Nm), and provides a top speed of over 75 mph (120 km/h). That electric motor also offers two key advantages of similar class combustion engine bikes: regenerative braking and reverse gear. “Why a reverse gear?” asked the reader who has never tried to park a motorcycle on even a slight incline and then wiggle it back out.

By design, the Outset shares a significant amount of DNA with the Anthem. Other electric motorcycle makers like Zero and LiveWire also use the same platform to build multiple models, helping to reduce the cost to riders.

But the Outset still differentiates itself with more than just aesthetic changes. As the company explained, the Outset “has a 33-inch seat height but its compliant suspension and narrow cushion means it will comfortably accommodate a range of riders. Further differentiating it from Anthem, Outset gets its own headlight design, mirrors, wider handlebar, seat unit and suspension. The more upright riding position also necessitated repositioning the footpegs forward and adding a longer kickstand. By removing the Anthem’s adjustable seat mechanism and employing less body panels among a raft of changes, Ryvid has been able to offer Outset at $500 less than its flagship Anthem.”

That’s right, while the Ryvid Anthem was priced at US $8,995 until recently, the company has just dropped the price to just US $6,495. As the company’s Founder and CEO Dong Tran explained, that cost reduction is thanks to several factors. “From Ryvid’s inception, our primary goal has been to provide the most accessible light electric vehicle to a broad audience. In order to disrupt the light electric mobility sector, it was essential to not only innovate our products but also our value proposition,” said Tran. “Creating a new generation of two-wheel electric adopters meant competing effectively on the specification-versus-price ratio against both existing EVs and traditional ICE vehicles. Achieving competitive pricing would be challenging until we could execute several key post-launch initiatives.”

A new San Bernadino production facility was recently brought online to expand the company’s manufacturing capabilities. The company has since been able to increase its production rate and thus negotiate better costs from suppliers. Now, with multiple models built on the same platform, Ryvid has been able to simplify its supply chain further with as many shared components as possible.

“Our team has focused on reaching these objectives over the past two years,” Tran continued. “Their relentless efforts have reached a milestone with the Ryvid Anthem. Available now, it will sell for $6,495, setting a new benchmark as one of the world’s most affordable electric motorcycles, based on specification.”

For Anthem owners who recently purchased the bike for the higher price ahead of Ryvid’s steep price drop, the company is said to be offering financial incentives as well as the option of a steep discount on a battery-less Outset, as the owners would be able to run both bikes off of their single battery.

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BETA Technologies completes demonstration eCTOL flights across 6 airports in Utah [Video]

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BETA Technologies completes demonstration eCTOL flights across 6 airports in Utah [Video]

Mere weeks after signing an agreement with Utah Aerospace and Defense to bring Advanced Air Mobility (AAM) to the state, eVTOL and eCTOL developer BETA Technologies demonstrated the capabilities of its aircraft through a series of successful flights over the course of three days.

BETA Technologies is a fully integrated electric aircraft and systems developer based in Vermont. It’s been three years since the young company debuted its first electric vertical takeoff and landing (eVTOL) aircraft, the ALIA–250.

That BETA vessel has since been renamed the ALIA VTOL and completed a piloted test flight transitioning mid-air about a year ago. We also got a closer look at its five-passenger interior this past October.

In addition to the ALIA VTOL, BETA has also been developing an electric conventional takeoff and landing (eCTOL) plane called the ALIA CTOL. It has flown tens of thousands of test miles en route to evaluation flights for FAA certification. As we’ve reported in the past, that aircraft is targeting full approval for commercial operations by 2025.

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BETA has completed its first bonafide production build of the eCTOL in South Burlington. Following a Special Airworthiness Certificate from the Federal Aviation Administration (FAA), the production-ready aircraft took to the skies for a test flight last November, piloted by its founder and CEO.

Most recently, BETA signed an agreement with 47G (Utah Aerospace and Defense) to establish AAM operations in the state, to work alongside the Utah Department of Transportation (UDOT) and the Governor’s Office of Economic Opportunity (GOEO) to identify locations to install multimodal charging infrastructure and identify priority routes for eVTOL and eCTOL rides.

To garner excitement for its technology, BETA recently completed three days’ worth of ALIA eCTOL demonstration flights around Utah to showcase the quiet, efficient mobility potential of its aircraft.

Beta Utah
The ALIA eVTOL above Utah / Source: BETA Technologies

BETA’s eCTOL technology shines above Utah

BETA Technologies shared details of its successful eCTOL flight demonstrations, including the aircraft traveling to six different Utah airports covering over 350 miles. Those visits included Salt Lake City Airport, Provo Airport, Heber City Airport, Logan-Cache Valley Airport, Ogden Airport, and Vernal Airport.

BETA shared that its all-electric flight technology is not only quieter and more sustainable but also cuts the travel distance to those airports by two-thirds compared to relative drive times. 47G and UDOT hosted the flight demonstrations alongside BETA Technologies as the former works to bring commercial operations to the state. Carlos Braceras, Executive Director of UDOT, spoke about BETA’s eCTOL technology and what it means for the future of mobility in Utah:

We move people—and the things they need—using more than just roads. These demonstrations are more than just a technology showcase — they represent a fundamental shift in how we think about mobility. Utah’s population grows and we face increasing demands on our ground transportation system, we know that advanced air mobility offers innovative new solutions to address our evolving mobility needs.

The BETA ALIA can transport up to five passengers at a time or up to 1,250 pounds of cargo. Looking ahead, BETA and its new partners in Utah will align to establish a statewide electric charging network for both aircraft and electric vehicles, create pilot training programs, and develop a model to forecast flight operations.

The agreement with BETA is part of a broader effort from 47G to integrate advanced air mobility into Utah’s transportation sector by the 2034 Winter Olympic Games, which will be held in Salt Lake City. Chris Metts, 47G Project Alta Executive Director, also spoke:

By integrating cutting-edge electric aircraft into our mobility ecosystem, we are ensuring the highest standards of safety, advancing medical response capabilities and driving technological innovation that will create lasting benefits for communities across the state. Utah is attracting investment, accelerating the development of critical infrastructure and enabling the deployment of aircraft that make our transportation system safe and truly multimodal.

The Utah Department of Transportation posted video footage of the BETA eCTOL flight demonstrations; you can view it below:

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Binance token rises following report that Trump family has discussed stake in the crypto exchange

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Binance token rises following report that Trump family has discussed stake in the crypto exchange

The Binance logo is seen displayed on a smartphone screen.

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Binance’s BNB token bucked the wider crypto downturn on Thursday, jumping 4% following a Wall Street Journal report that the Trump family has held talks to secure a financial interest in the U.S. arm of the world’s largest cryptocurrency exchange.

Such a deal would notably link the Trumps to a firm that pleaded guilty to breaking anti-money laundering laws in 2023.

According to the Journal, Binance first approached Trump allies last year, pitching a deal that could help the embattled exchange regain its footing in the U.S. At the same time, its founder, Changpeng Zhao — better known as CZ — has been angling for a presidential pardon after serving four months in prison for violating anti-money laundering laws.

A spokesperson for Binance.US said the company declined to comment.

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The structure of any potential Trump stake remains uncertain, but the Journal’s sources said one possibility being considered is routing it through World Liberty Financial, a crypto venture backed by the First Family. World Liberty funnels 75% of profits to Trump-related entities. It’s also unclear whether the arrangement is directly tied to a potential pardon for CZ.

The news comes as Binance fights to rebuild credibility after its $4.3 billion regulatory settlement. If a deal goes through, it could mark a dramatic comeback for Binance.US — just as Trump moves to roll back regulations that have weighed on the crypto industry.

Steve Witkoff, a real estate investor and longtime Trump associate now working as his top negotiator in the Middle East, has reportedly been involved in the talks, according to the Journal, citing unnamed sources familiar with the matter.

The White House did not immediately respond to a request for comment from CNBC.

Read the full Wall Street Journal story here: Trump Family Has Held Deal Talks With Binance Following Crypto Exchange’s Guilty Plea

Trump signs executive order to establish U.S. strategic bitcoin reserve

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Tesla’s upcoming cheaper electric car is basically a stripped-down Model Y

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Tesla's upcoming cheaper electric car is basically a stripped-down Model Y

Tesla is preparing to launch a couple of new more affordable electric vehicles and the first one is expected to basically be a stripped-down Model Y, according to a new report from China.

We have been reporting on this new vehicle program from Tesla for a while now.

It came to life just over a year ago as a pivot for Tesla after CEO Elon Musk canceled two cheaper vehicles that Tesla was working on, commonly referred as “the $25,000 Tesla”. Those vehicles were codenamed NV91 and NV92, and they were based on the new vehicle platform that Tesla is now reserving for the Cybercab.

Instead, Musk saw that Tesla’s Model 3 and Model Y production lines were starting to be underutilized as Tesla faced demand issues. Therefore, Tesla canceled the vehicles program based on the new platform and decided to build new vehicles on Model 3/Y platform using the same production lines.

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We previously reported that these electric vehicles will likely look very similar to Model 3 and Model Y.

Now, this is being confirmed by a new report coming from 36Kr, a Chinese tech media, about a new Model Y-based vehicle that Tesla is planning to produce at Gigafactory Shanghai. The vehicle is being described as a “lower-priced Model Y” (translated from Chinese):

People familiar with the matter told 36Kr that the new model is a “lower-priced Model Y”. Compared with the current Model Y, the new car’s battery, power and chassis have basically not changed much.

The report references the new version of the Model 3 that Tesla launched in Mexico last year. It’s a regular Model 3, but Tesla removed some features, like the second-row screen, ambient lighting strip, and it uses fabric interior material rather than Tesla’s usual vegan leather.

Starting at the equivalent of $35,000 USD in Mexico, it is about $4,000 cheaper than a regular Model 3.

The report references a “depop”, or more likely “decontent” approach, to the new Model Y-based vehicle:

“It is developed through depop.” People familiar with the matter revealed that depop is a development idea within Tesla, which is to achieve the rapid launch of products by simplifying the configuration while keeping the main functions unchanged.

It sounds similar to what Tesla did with the Model 3 in Mexico.

The 36Kr report has some credibility since its source references the change in codenames, which now use “letters and numbers,” previously reported by Electrek.

According to the report, Tesla is expected to launch the new vehicle in China in the second half of the year, depending on the popularity of the refreshed Model Y in China:

The launch time of these new models will depend on the order performance of the renewed Model Y. If the new Model Y does not perform as expected, Tesla is expected to launch this “cheaper Model Y” in the second half of this year.

The vehicle is also expected to launch in other markets since, as previously reported, Tesla’s Model 3 and Model Y production lines in the US and Germany are also currently being underutilized.

Electrek’s Take

Tesla investors shouldn’t hope for a silver bullet in those new models as they will likely greatly cannibalize Tesla’s existing Model 3/Y sales.

It explains why Tesla is waiting to launch them until it takes advantage of the demand bump from the refreshed Model Y.

I know I’ve been hammering on this for a while, but it was another critical management error from Elon Musk, who thought that Tesla didn’t need a $25,000 model based on the next-gen platform because “self-driving is just around the corner.”

That said, he is correcting a bit for his mistake by finding a way to fully utilize Tesla’s production lines, which have been operating below capacity for a while now.

But I would expect Tesla’s gross margins to tighten even more than they already have over the last two years.

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