MV Agusta will bring back to life the Cagiva brand to build electric motorcycles
Cagiva is set to become an electric motorcycle brand in 2021 and help MV Agusta reach its sales target of 25,000 units.
The plan is to help MV Agusta enter the electric motorcycle market according to CEO Timur Sardarov. To reach that goal, Cagiva will be rebirthed and will build a range of economical electric bikes for city riding.
“Cagiva production will resume next year, at the latest in early 2021, and will be dedicated to electric urban mobility,” Sardarov told Motociclismo.
“But we will not make scooters, they will be motorcycles. Easy to drive and below 4kW, because at the moment no-one who produces beyond this threshold can generate profits. In 6 or 7 years, it will probably be possible to reach the profit with vehicles equivalent to 350cc,” added Sardarov.