Ener1 Announces Supply and Distribution Agreement with Lightning Motorcycles

Ener1's lithium-ion battery solutions to be used in Lightning's growing product line of racing and commuter motorcycles and scooters

NEW YORK, July 28, 2011 /PRNewswire/ -- Ener1, Inc. (NASDAQ: HEV), a leader in lithium-ion energy storage solutions, today announced a supply and distribution agreement with Lightning Motorcycles, the maker of the world's fastest production electric motorcycle.  As part of the agreement, Ener1 will supply Lightning Motorcycles with its automotive-grade, lithium-ion battery cells -- designed for plug-in hybrid electric vehicles -- for use in its Lightning SuperBike.  Ener1 will also supply cells for Lightning's commuter motorcycle and scooter, which will be developed over the next few years.

Consumer demand for e-bikes is expected to continue its growth trajectory.  According to a 2010 report published by Pike Research, the global market for electric two-wheeled vehicles, including e-bikes, e-scooters, and e-motorcycles, will grow at a compound annual rate of nine percent through 2016.  Lightning Motorcycles is expecting to answer some of that demand by first introducing a street-legal version of its record-holding Lightning SuperBike, which became the world’s fastest production electric motorcycle with the FIM and AMA official world record of 173.388 mph during the world finals in October last year.

“We’ve tested many different battery solutions over the last year, including Ener1 and several of its competitors,” stated Richard Hatfield, founder of Lightning Motorcycles.  “The Lightning data and test results showed us that Ener1’s lithium-ion batteries far out-perform those from competing companies, which is why we’ve switched to using their cells in our electric motorcycles.  Lightning Motorcycles is committed to using what we believe to be the most powerful, safest, best-of-breed batteries on the market, which is why we’re also extremely pleased to be representing Ener1 as an official distributor.”

Lightning Motorcycles has been distributing electric parts and components for several years with a strong focus on and knowledge of serving the electric motorcycle and light-duty vehicle markets.  In addition to the supply relationship, Lightning Motorcycles will also serve as an end-user distributor for Ener1’s PHEV and EV lithium-ion cells.

“Lightning Motorcycles has an impressive pedigree in designing and developing electric motorcycles that win races, including the inaugural American TTXGP championship last year,” stated Chris Cowger, president, Ener1, Inc. “It’s that kind of experience that will help propel electric motorcycles to be on par with gas-powered motorcycles.  We’re pleased that Lightning has chosen Ener1’s lithium-ion batteries to power their record-holding SuperBike, as well as future e-bike development projects.  We also anticipate that Lightning’s knowledge and relationships in the industry will help us sell more PHEV and EV cells and energy storage solutions into the growing e-bike market.”


Electric Motorcycles Return to Sonoma for West Coast Moto Jam This Weekend

SONOMA, Calif. (May 9, 2011) – Infineon Raceway set the standard in 2010, hosting the first-ever zero-carbon motorcycle race on American soil at the West Coast Moto Jam.

The Sonoma Valley facility, as part of its new Accelerating Sustainable Performance program, will again bring electric motorcycles to the racetrack with the first round of the TTXGP North American Championship at the West Coast Moto Jam, May 11-15.

There will be racing in two divisions: Formula GP, which was featured in Sonoma in 2010, and the new Formula 75 class, which limits the amount of stored energy to 7.5KwH and the maximum weight to 440 pounds. Practice will take place on Friday and Saturday, with two main events scheduled forSunday, May 15.

Shawn Higbee took the checkers in last year’s historical TTXGP main event in Sonoma, followed by Michael Barnes. Barnes would go on to win every other event on the schedule en route to the 2010 TTXGP North American Championship. Barnes rides for Lightning Motors.

“Our bikes this year will make last year’s effort seem like a Sunday afternoon leisurely ride,” said Richard Hatfield, Lightning Motors team manager and motorcycle builder.

Mission Motors, based in San Francisco, will make the racing debut of its new factory bike, the Mission R, which features an advanced MissionEVT electric powertrain that packs 14KwH and 141 horsepower. It can reach a top speed of 160 mph in a single gear. Another team to keep an eye on is Brammo, which won the inaugural TTXGP race at the Isle of Man in 2009. Brammo took the year off in 2010.

“Having taken a year’s hiatus, we’re anxious and excited to get back into the thick of racing. There’s nothing that pushes development of technology quite like racing,” said Brian Wismann, director of product development for Brammo.

The TTXGP North American Championship will feature four events in 2011. Following Sonoma, the series visits New Hampshire Motor Speedway(June 17-18), Portland International Raceway (July 16-17) and Virginia International Raceway (Aug. 12-14).

The West Coast Moto Jam will feature five days of two-wheel excitement, headlined by the AMA Pro Road Racing Championship.  The weekend will also feature Supermoto USA, flat track and AHRMA National Motocross.  For more information about the West Coast Moto Jam or to purchase tickets, call 800-870-RACE (7223) or visit infineonraceway.com/ama.