Cagiva, owned by MV Agusta, sets to make a comeback with small and affordable electric motorcycles by 2021.
Cagiva started manufacturing gas-powered motorcycles in 1978. Famous for their achievements in motorsport and of course, the sporty Mito has many fans around the globe. However, the company went through various ownership and restructuring, and the last motorcycle rolled out in 2012 under MV Agusta’s ownership.
The Electric Cagiva
According to sources, MV Agusta is bringing back Cagiva to build electric motorcycles. Consequently, the purpose of this plan to push its sales target from around 3,000 units to 25,000 units.
Through this plan, Cagiva will be reborn as an “electric urban mobility” brand by 2021. The reborn Cagiva will be manufacturing electric motorcycle for city riding. While the plan also sets to push MV Agusta to enter into the electric motorcycle market according to CEO Timur Sardarov.
As quoted by Riders Drivemag, “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.
In terms of design and product specification, we are looking forward to seeing what MV Agusta has to offer. With their recent announcements on their latest product line and their partnership with the Chinese auto manufacturer Loncin. MV Agusta is getting on their game in the upcoming years without a doubt.
Previously, Under Loncin’s premium line, VOGE, Loncin unveiled the VOGE ER 10 at EICMA 2019 in Milan. The ER10 is a highway-capable electric motorbike for city use. Could the new Cagiva be something similar to the ER10? We shall wait and see what MV Agusta rolls out within the upcoming years!