Vectrix Corp., a manufacturer of electric scooters, ramped up production in the second half of its fiscal year, providing more than 1,100 new units to its growing North American and European dealer network.
The company anticipates selling 754 of those units to retail consumers for its fiscal year, which ended Sept. 30. As a result, the company’s year-end revenue of $6.7 million is more than a 700 percent increase over the previous year.
The company reported building 455 wholesale units for its North American dealers in its fiscal year.
Vectrix Corp., formed in 1996, has headquarters in Middletown, R.I., engineering and test facilities in New Bedford, Mass., sales offices in the United Kingdom and production facilities in Wroclaw, Poland.
For more on Vectrix’s fiscal year, see a future issue of Powersports Business.