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Verge Motorcycles' subsidiary Donut Lab has been at the center of controversy surrounding its solid-state battery technology. The company's claims of significantly faster charging and extended range have raised questions among s. Despite the initial hype, it appears that the technology may not be as revolutionary as claimed. The criminal complaint filed by a whistleblower suggests that Donut Lab's technological claims are not entirely accurate. According to reports, a co-founder of Nordic Nano Group, an R&D company working with Donut Lab, told a Finnish newspaper that the solid-state battery's claims were exaggerated. This raises concerns about the validity of Verge Motorcycles' assertions regarding its battery technology. Both Donut Lab and Verge claim that their solid-state batteries deliver faster charging times and extended range compared to conventional lithium-ion systems. However, leading battery manufacturers have expressed skepticism over the technology, with one CEO calling it a 'scam'. This has led to a wave of doubts about the reliability of solid-state battery technology. The company's claims include the ability to charge up to 186 miles in just 5-10 minutes and withstand 100,000 charging cycles, which is significantly more than current lithium-ion batteries. However, it appears that these claims may be overstated or misrepresentative of the actual capabilities of the technology. In response to the criticism, Donut Lab launched a website that released technology reports from a Finnish state-owned research company, which purportedly verifies the company's initial claims. However, Lauri Peltola, chief commercial officer of Nordic Nano, has since doubled down on his previous statements, saying that Donut indeed exaggerated its claims and misrepresented its ability to reach mass production. The skepticism surrounding solid-state battery technology is not unique to Verge Motorcycles. Other mainstream producers are still struggling to reach mass production, with semi-solid-state batteries offering relatively modest benefits over conventional batteries. This highlights the challenges of developing reliable and efficient battery technologies for electric vehicles. Despite the setbacks, many experts believe that solid-state battery technology holds significant promise for the future of electric vehicles. However, it is essential to approach claims made by companies like Verge Motorcycles with a critical eye, especially when they are so heavily promoted. The controversy surrounding Donut Lab's solid-state battery technology serves as a reminder of the importance of rigorous testing and validation in the development of new technologies. As the electric motorcycle segment continues to evolve, it is crucial that manufacturers prioritize transparency and accuracy in their claims. As the industry moves forward, it will be essential to monitor the progress of companies like Verge Motorcycles and Nordic Nano in developing reliable solid-state battery technology. Only then can we truly assess the potential of this technology to transform the electric vehicle landscape.

The North American Trailer Dealers Association (NATDA) has announced a strategic partnership with NCM Associates aimed at strengthening education, peer networking and operational support for trailer dealers. The collaboration will focus on delivering programs tailored specifically to the needs of light- and medium-duty trailer dealerships. By expanding its reach into this segment, NATDA aims to provide more resources and tools to help dealers improve their overall performance. NATDA has named NCM Associates as its education partner and exclusive service management training provider. As part of the agreement, NCM Associates will deliver programs designed to support trailer dealers in improving profitability and performance. The partnership introduces access to trailer-focused 20 Groups, leadership and service workshops, benchmarking data and training incentives. The new partnership also expands the scope of NCM's 20 Group program within the trailer segment. These groups bring together non-competing dealers to share financial data, compare performance metrics and exchange best practices in a confidential, facilitated setting. This will provide valuable opportunities for dealers to collaborate and learn from each other. Mark Spader, a 20 Group moderator with NCM Associates, noted that the collaboration will provide trailer dealers with access to benchmarking and peer collaboration tools that support stronger decision-making and long-term growth. The expanded 20 Group program is expected to be particularly beneficial for smaller operations. NATDA members will now have access to 20 Groups built specifically for trailer dealers, along with a new 'Express' format designed for smaller operations. This hybrid option combines virtual and in-person engagement, allowing dealers to participate with reduced travel costs while maintaining regular collaboration and insights. NCM Associates will also play a visible role at the upcoming NATDA Trailer Show, scheduled for September 1-3 in Nashville. The company will host three education sessions focused on improving dealership operations: parts management strategies, service department performance optimization, and a mock 20 Group session. The new partnership is expected to have a significant impact on the trailer dealer industry. By providing more resources and tools to support their businesses, NATDA and NCM Associates aim to help dealers improve their overall performance and build more resilient operations. NATDA said additional details on future programs and initiatives tied to the partnership will be released in the coming months. This suggests that the collaboration is just the beginning of a long-term effort to support trailer dealers and drive growth within the industry. As the trailer dealer market continues to evolve, it's essential for dealers to stay ahead of the curve. The NATDA-NCM Associates partnership provides an excellent opportunity for dealers to access valuable resources and tools that can help them improve their performance and build stronger businesses.

Polaris Inc., a leader in the powersports sector, has announced the recipients of its Spring 2026 TRAILS GRANTS, awarding more than $125,000 to 14 off-road and snowmobile riding clubs across the U.S. and Canada. This year marks the 20th anniversary of the TRAILS GRANTS program, which has significantly contributed to the enhancement and maintenance of trail systems since its inception in 2006. With this latest round of funding, Polaris has now surpassed a remarkable $4 million in total contributions over the program's two-decade history. The TRAILS GRANTS program is designed to support nonprofit organizations and local riding clubs that focus on developing and maintaining trail systems for off-road and snowmobile enthusiasts. By investing in these groups, Polaris aims to ensure that riders can safely access trails while also promoting rider safety and education initiatives. The program plays a crucial role in preserving off-road recreation, allowing both current and future generations to enjoy these outdoor activities. Mike Speetzen, CEO of Polaris, emphasized the importance of community involvement in maintaining these trails. He noted that the success of the program is a testament to the hard work of local volunteers and organizations dedicated to the sport. As Polaris celebrates this milestone, the company expresses excitement about continuing to support the communities and riders who are making a significant impact on outdoor recreation. Among the recipients of the Spring 2026 TRAILS GRANTS are organizations that focus on various aspects of trail maintenance and rider education. For instance, the ATV Traction in Pennsylvania will use its funding to expand youth ATV safety training, acquiring youth-sized ATVs and safety equipment to promote responsible riding. This initiative highlights the importance of educating younger riders to foster a culture of safety and responsibility in the sport. The Battle Born Offroad Club in Nevada will utilize its grant to maintain and adopt popular off-highway vehicle (OHV) trails. Their focus will include trail maintenance, signage repair, and litter removal, which are essential for preserving the integrity of the riding experience. Such efforts not only improve the trails but also enhance the overall enjoyment for riders while promoting environmental stewardship. In Wisconsin, the Crooked Trails ATV Club plans to install a new signage system throughout its trail network. This initiative aims to highlight safety areas, improve navigation, and support future trail growth. Clear and effective signage is crucial for ensuring rider safety and enhancing the overall trail experience, particularly for newcomers to the sport. Maine's Day Mountain Road Association will restore the multi-use Lions Trail, addressing erosion issues and protecting nearby aquatic habitats. This project will ensure safe access for ATV, snowmobile, and non-motorized users, demonstrating a commitment to maintaining a balance between recreation and environmental conservation. Such projects are vital for sustaining trail systems that cater to diverse user groups. The Friends of Pathways in Wyoming will replace a failing bridge on the Cache Creek Trail, a critical infrastructure improvement that will enhance year-round multi-use access. By meeting universal trail design standards, this project aims to provide safer connections for all trail users. Investments in infrastructure like this are essential for promoting outdoor activities and ensuring accessibility for everyone.

Shifting U.S. tariff policies are creating a widening divide across the powersports industry, with some manufacturers signaling minimal impact while others warn of significant financial pressure and ongoing uncertainty. The recent announcements from companies including Polaris Inc. and BRP Inc., along with advocacy efforts from industry groups such as the Motorcycle Industry Council , show how evolving trade measures are affecting different parts of the market in very different ways. The impact of tariffs on the powersports industry is multifaceted, with some manufacturers benefiting from their domestic production footprint while others face significant financial pressure. Polaris Inc., a U.S.-based OEM, has invested heavily in U.S.-based production and supplier relationships, which executives say helps offset import-related cost pressures. The situation is more challenging for BRP Inc., a Canada-based manufacturer, which recently announced it is suspending its fiscal 2027 guidance following recent amendments to Section 232 tariffs on steel, aluminum and copper imports. The revised structure now applies a 25% tariff to the total value of imported snowmobiles and most off-road vehicles. The estimated $500 million in additional tariff costs for BRP could have significant implications for the company's financial performance and operational flexibility. Industry representatives emphasize the need for companies to review their sourcing strategies and classify products correctly to take advantage of refund processes. A newly launched tariff refund process administered by U.S. Customs and Border Protection may offer partial relief to companies affected by tariffs. However, the outcome will depend heavily on each company's specific situation and operational flexibility. The powersports industry is not immune to the global economic landscape, and evolving trade measures are testing its resilience. Manufacturers must navigate complex regulations and adapt to changing circumstances to remain competitive. Some industry associations are pushing back against further tariff expansion, highlighting the need for a more stable regulatory environment. The Motorcycle Industry Council , for example, is advocating for policies that promote fair competition and reduce uncertainty. The impact of tariffs on the powersports industry will continue to be felt in the coming months. Companies must prioritize operational flexibility, sourcing strategies, and financial planning to mitigate the effects of changing regulations. As the situation unfolds, manufacturers and industry groups must work together to find solutions that promote fair competition and reduce uncertainty. The future of the powersports industry depends on its ability to adapt to evolving trade measures and navigate complex regulatory landscapes.

Royal Enfield is marking a major milestone this year as it celebrates 125 years since its founding. To commemorate this occasion, the brand has announced an expanded event program across North America, featuring various motorcycle events and activities. The celebration kicks off with Daytona Bike Week in March, where Royal Enfield showcased its Classic 650 model and offered test rides to customers. Following Daytona, Royal Enfield's 'Open House' event will be held at dealerships across the US and Canada, allowing customers to experience the full range of motorcycles on offer. In addition to these events, Royal Enfield made a significant impact at the Biltwell 100 race in Ridgecrest, California, where its new Mana Black Himalayan 450 model made its competitive debut. The all-female road race series Build.Train.Race has also seen success, with Emma Gottsch taking the flag on her INT650 in rounds 1 and 2 of the series at Daytona. Royal Enfield's event program is expected to continue growing in momentum throughout 2026, with several more events scheduled across North America. The brand's commitment to innovation and customer experience is a key factor in its success, as evident from its expanded event program and new product launches. As the motorcycle industry continues to evolve, Royal Enfield's ability to adapt and innovate will be crucial in maintaining its position as a leading manufacturer. With its 125th anniversary celebration, Royal Enfield is poised to take center stage in the motorcycle world, and fans of the brand can look forward to an exciting year ahead. For more information on Royal Enfield's events program for 2026, visit their website and stay up-to-date with the latest news and announcements.

National Powersport Auctions (NPA) has announced a significant internal promotion, elevating Brad Maxon to regional operations manager. In this new role, Maxon will oversee operations and enhance experiences for dealers, lenders, and partners across four key locations: Denver, San Diego, Portland, Oregon, and Sacramento, California. This strategic move aims to strengthen NPA's presence in the western United States and drive business growth through operational excellence. Maxon brings an impressive 30 years of experience in the powersports industry to his new position. His career began at just 16, where he started working on motorcycles at a local shop. Over time, Maxon progressed through various roles, including dealership operations and customer needs. In 2014, he joined NPA and has since risen through the ranks to become general operations manager of NPA San Diego. The promotion of Brad Maxon is a testament to NPA's commitment to developing talent from within and fostering strong leadership across its facilities. This approach not only benefits employees but also drives business success by leveraging existing expertise and knowledge. Maxon's appointment as regional operations manager reflects his deep understanding of NPA's operations and his proven track record in supporting teams and customers. As he assumes this new role, Maxon will be responsible for driving operational efficiency, enhancing customer experiences, and building strong relationships with dealers, lenders, and partners. In a statement, Jeff Kinney, NPA's vice president of operations, praised Maxon's exceptional leadership skills and commitment to supporting the organization's teams and customers. 'Brad's journey in the powersports industry and his years of dedication to NPA make him an excellent choice for this role,' Kinney said. Maxon's promotion marks a significant milestone in NPA's history, highlighting the importance of internal development and talent growth in driving business success. As regional operations manager, Maxon will play a critical role in shaping the organization's future strategy and ensuring its continued growth and success. NPA's commitment to promoting from within is a model worth emulating in the industry. By investing in employee development and providing opportunities for growth, organizations can tap into existing expertise, build strong teams, and drive business results. As Maxon takes on his new role, he will be working closely with dealers, lenders, and partners across the western United States to deliver exceptional experiences and drive operational excellence. His leadership and customer support expertise will be instrumental in achieving these goals. The promotion of Brad Maxon serves as a reminder that talent development is key to driving business success in the powersports industry. By investing in employee growth and providing opportunities for advancement, organizations can create a strong foundation for long-term success and drive growth through operational excellence.

Can-Am, a prominent brand under BRP Inc., has officially launched the 3 Wheel Collective, a global community platform aimed at uniting three-wheel riders worldwide. This initiative marks a significant step in Can-Am's commitment to fostering a more connected riding experience for both current and prospective riders. By creating a centralized space for interaction, Can-Am hopes to enhance the overall enjoyment and camaraderie among enthusiasts of three-wheel vehicles. The 3 Wheel Collective serves as an umbrella for various riding communities, reflecting the diversity and passion that have shaped the three-wheel industry. By integrating established groups, local networks, and newcomers, Can-Am is facilitating easier connections and shared experiences among riders. This platform aims to cultivate a sense of belonging on the open road, regardless of riders' backgrounds or experience levels. Marc-Olivier Drouin, Senior Manager of Marketing for Can-Am 3-Wheel Vehicles & Motorcycles, emphasized the importance of community in riding culture. He noted that a significant number of Can-Am owners are influenced by their peers, with one in five purchasers having been motivated by someone already riding three wheels. This statistic underscores the role of riders as brand ambassadors, highlighting the community's impact on the growth of the three-wheel segment. Members of the 3 Wheel Collective will enjoy a variety of benefits, including access to curated group rides, exclusive events, and unique merchandise. The platform aims to connect riders with well-established communities that possess years of expertise and tradition. These offerings are designed to enrich the riding experience and encourage deeper engagement among members. In addition to the 3 Wheel Collective, Can-Am is actively involved in promoting International Female Ride Day (IFRD), an initiative that celebrates women riders globally. This event takes place on the first Saturday of May and aims to unite women through their shared passion for riding. Founded 20 years ago by Vicki Gray, the IFRD has become a powerful movement that fosters community and encourages more women to participate in the riding culture. The support for IFRD aligns with Can-Am's broader mission to create inclusive environments for all riders. By championing initiatives that empower women in the riding community, Can-Am is not only enhancing its brand image but also contributing to a more diverse and vibrant motorcycle culture. This focus on inclusivity is critical in attracting new riders and expanding the community. BRP Inc., the parent company of Can-Am, boasts a rich history of over 80 years in the powersports industry, known for its innovation and consumer-centric approach. The company's extensive portfolio includes not only Can-Am vehicles but also Ski-Doo snowmobiles, Sea-Doo watercraft, and Rotax engines. This diverse range of products positions BRP as a leader in providing exhilarating adventures across various recreational activities. As the 3 Wheel Collective takes shape, it is poised to have a significant impact on the riding community. By leveraging technology and fostering connections, Can-Am is setting a new standard for how riders interact and share their experiences. This initiative not only strengthens the brand's relationship with its customers but also paves the way for future growth in the three-wheel market.

The Horsepower-Revvable partnership aims to revolutionize the way powersports financing works by creating a seamless, multitier approval waterfall. This means that customers will have access to a range of financing options, from traditional loans to leasing solutions, without having to restart the process if one product isn't the right fit. By combining their origination platform with Revvable's lending network, Horsepower Leasing and Revvable are giving dealers a single, powerful tool that works harder for every customer who walks through the door. This partnership is particularly beneficial for consumers who have credit challenges or prefer alternative financing options. The solution was engineered specifically for the powersports industry, taking into account unique residual values, seasonal demand patterns, and credit profiles of motorcycle and ATV/UTV riders. This means that dealers will be able to offer more competitive pricing and better terms to their customers. Dealers enrolled in the program can access the combined waterfall through a single onboarding process, which is expected to simplify the financing process for both dealers and customers. Early pilot partners have already seen significant increases in units moved, backend usage, and new customers on those units. This suggests that the partnership is having a positive impact on the industry. The Horsepower Leasing and Revvable lending and leasing waterfall is available beginning June 20. Dealers interested in enrolling can visit the Horsepower or Revvable websites to learn more. This partnership is a significant step forward for the powersports industry, providing dealers with a more efficient and customer-friendly financing solution. It also gives consumers more options and a better experience when it comes to purchasing their next vehicle. The combination of Horsepower Leasing's origination platform and Revvable's lending network creates a unique value proposition that is not yet available in the market. As such, this partnership is likely to attract dealers who are looking for innovative financing solutions. Overall, the Horsepower-Revvable partnership has the potential to transform the way powersports financing works, making it more accessible and convenient for consumers.

Harley-Davidson is reshaping its finance division with a new capital-light model that will include changes on the corporate side. The company's partnership with KKR and PIMCO is transforming Harley-Davidson Financial Services (HDFS) into a less capital-intensive business while maintaining its strategic role in supporting motorcycle sales. This move aims to reduce the company's financial risk and improve its overall financial position. The transaction, completed in late 2025, included the sale of roughly $6 billion in retail loan assets and a 9.8% equity stake in HDFS, generating approximately $50 million in proceeds and about $1 billion in dividends to the parent company. This significant asset sale will help Harley-Davidson reduce its debt burden and improve its financial flexibility. The new structure will allow HDFS to sell about two-thirds of new retail loans to its partners, while retaining the remaining one-third. The company will continue to originate and service all loans, earning servicing fees in the process. This approach will enable HDFS to maintain its market share while reducing its capital requirements. CFO and Chief Commercial Officer Jonathan Root notes that the transaction will transform Harley-Davidson Financial Services into a less capital-intensive and derisked business model. He also emphasizes that the new structure affords a high degree of optionality in how Harley-Davidson funds and runs that business, enabling potential for growth over time. Harley-Davidson emphasized that dealer-facing operations — including floorplan financing and working capital support — are unchanged. HDFS continues to provide approximately $1 billion in wholesale financing annually to its North American dealer network, which includes around 600 dealerships. This level of support is crucial for the company's dealership partners, as traditional lenders often struggle to provide similar services. The new funding structure will be largely invisible to dealers and customers. Motorcycles will continue to get financed in the dealership, much of this happening behind the scenes, so our dealers and end customers won’t notice a change,