Famed e-bike company gone bankrupt sells to mystery buyer for $1.2M
Juiced Bikes, the much-lauded Southern California electric bicycle maker, appears to have been sold at auction for around US $1,225,000.
Or at least the company’s branding, intellectual property, remaining inventory and assets have been sold, with the actual status of the company still somewhat unclear.
While we still don’t have any official confirmation from the company, Juiced Bikes’ website has been out of stock for weeks and customers have been complaining that the company has gone radio silent with them.
When we recently reported on the apparent financial duress and potentially pending closure of the company last week, Juiced’s assets had just been put up for auction, removing what little doubt remained about the direction that the famed brand was headed.
The company was split into a series of auction lots covering everything from over a dozen patents to the company’s multiple URLs and even a Sprinter cargo van, as well as all of Juiced’s stateside and China-based inventory. The final result of the auction, which ended yesterday, appears to have been a sale with a sum US $1,225,000.
However, no one knows yet who placed the winning bid.
At that level though, there’s little doubt that some type of institutional investor or rival electric bike maker likely stepped in to grab the Juiced Bikes brand and assets for pennies on the dollar.
In addition to hundreds of thousands of dollars of existing inventory included in the sale, the Juiced Bikes brand carries significant value based on around 15 years of building its strong reputation in the industry.
At its prime, Juiced Bikes was well known for producing powerful, high-performance e-bikes designed for a wide range of riding styles, from commuting to adventure riding. The company’s strong reputation for focus on long-range battery capabilities and innovative designs was built over nearly 15 years, beginning with one of the first electric cargo bikes available on the market in the US.
Popular models like the HyperScrambler, RipCurrent, and CrossCurrent helped Juiced Bikes carve out a niche in the competitive e-bike market, offering riders impressive power, speed, and durability. The company’s commitment to delivering e-bikes with greater power and longer range made it a prominent player in the growing electric bicycle industry, though it obviously wasn’t immune to the volatile funding landscape in the e-bike market following the post-pandemic boom.
At this point, we’re still waiting for official word from the company’s founders and any other information that could help determine what will become of this groundbreaking e-bike company that was making waves in the nascent North American electric bicycle industry years before today’s largest e-bike brands were even an idea.
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The Mockingbird Solar Center, Ørsted’s largest solar project globally, is now online, next to protected prairie donated by the renewable energy giant.
This massive 468-megawatt (MW) solar farm is set to power 80,000 homes and businesses, providing a major boost to the Texas grid.
But the launch of Mockingbird Solar isn’t just about clean energy – it’s also about restoring precious ecosystems. Ørsted has donated 953 acres of the Smiley-Woodfin Native Prairie Grassland, which sits next to the solar center, to The Nature Conservancy. The donated land is now the Smiley Meadow Preserve, a protected area for tallgrass prairie that’s home to more than 400 species of grasses and wildflowers.
Tallgrass prairies are some of the rarest ecosystems in the US, with less than 1% of Texas’ original tallgrass prairies still in existence. Tallgrass prairie does a lot of heavy lifting for the environment, including storing carbon, preventing floods, and providing crucial habitats for pollinators.
“Native prairies are the rarest landscapes left in Texas – so much so that many people have never seen one,” said David Bezanson, land protection strategy program director for The Nature Conservancy in Texas. He added that preserving Smiley Meadow will not only conserve one of the best prairie remnants left but also help restore other prairie habitats and boost regional biodiversity.
The Mockingbird Solar Center, a half-billion-dollar project, is part of Ørsted’s $20 billion push to expand renewable energy production across the US. Beyond generating electricity, it will inject $75 million into local property taxes, benefiting schools and other public services. The project also created over 550 construction jobs and will continue to be supported by operations staff moving forward.
Ørsted worked with US companies, including First Solar, for solar panels and partnered with local businesses like Drake Construction and Pfifer Farms for construction materials. It also gave more than $50,000 to local volunteer fire departments in Roxton and Brookston.
With Mockingbird Solar now up and running, Ørsted has more than 6 gigawatts of onshore wind, solar, and battery storage projects either in operation or being built across the US.
Read more: Ørsted got a huge Tesla battery storage system for the world’s single-largest offshore wind farm
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Jeep’s first global luxury electric SUV will arrive at US dealerships any day. Despite its $72,000 price tag, lease prices for the 2024 Jeep Wagoneer S EV start at just $599 per month.
2024 Jeep Wagoneer S EV lease prices
After unveiling its first global electric SUV, Jeep’s CEO said the Wagoneer S “marks a new chapter” in its storied history.
Jeep claims the Wagoneer S packs “exhilarating performance.” With 600 hp and 617 lb-ft of torque, the big-body SUV can sprint from 0 to 60 mph in just 3.4 seconds. Its 100 kWh battery pack also gives it a driving range of over 300 miles.
The electric SUV is unmistakably still a Jeep, but it did get several upgrades to distinguish it as an EV. The grille is now enclosed without the need to cool a massive engine, giving it a sporty, more modern look.
Jeep revamped its design with a new illuminated seven-slot grille with ambient cast lightning. It also fine-tuned its profile, adding flush door handles, a rear wing, and integrated fins for better airflow.
The first Jeep Wagoneer S Launch Edition models get exclusive dark accent design elements like 20″ Gloss Black Wheels.
Inside, the electric SUV is loaded with the latest tech and connectivity, including a best-in-class 45″ of usable screen space. The setup includes a 12.3″ center screen and an exclusive 10.25″ interactive front passenger screen.
Jeep already announced that the 2024 Wagoneer S EV will start at $71,995, but now the company has revealed lease prices for the first time.
According to Jeep, the 2024 Jeep Wagoneer S Launch Edition can be leased for $599 per month for 36 months (10,000 miles per year). The deal includes $4,999 due at signing and a $7,500 EV incentive. However, you may want to act fast, as Jeep’s offer is only good until December 2, 2024.
| Jeep Wagoneer S vs Tesla Model Y | Starting Price | Range | Lease Price |
| Jeep Wagoneer S Launch Edition | $71,995 | +300 miles | $599/mo |
| Tesla Model Y RWD | $44,990 | 320 miles | $299/mo |
| Tesla Model Y AWD | $47,990 | 308 miles | $399/mo |
| Tesla Model Y AWD Performance | $51,490 | 279 miles | $599/mo |
In comparison, Tesla Model Y RWD lease prices start at $299 for 36 months with $2,999 down (10,000 miles). The Performance AWD model starts at $599 per month. In an end-of-year promo, Tesla also offers 3 months of free Supercharging and Full Self-Driving.
Ready to drive off in your new electric SUV? We can help you get started. You can use our links below to view offers on the Jeep Wagoneer S and Tesla Model Y at a dealer near you.
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