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India Electric Scooter and Motorcycle Market 2020-2025: Market is Predicted to Register a CAGR of 57.9% – Long-range Electric Scooters and Motorcycles to Gain Traction

DUBLIN, Jan. 22, 2021 /PRNewswire/ — The «India Electric Scooter and Motorcycle…

DUBLIN, Jan. 22, 2021 /PRNewswire/ — The «India Electric Scooter and Motorcycle Market Research Report: By Product, Battery Type, Voltage, Technology, Maximum Speed, Sales Channel, Application, State – Industry Analysis and Growth Forecast to 2025» report has been added to ResearchAndMarkets.com’s offering.

The Indian electric scooter and motorcycle market would reach a sales volume of 1,080.5 thousand by the end of 2025, exhibiting a CAGR of 57.9% between 2020 and 2025.

Due to the rising pollution and the increasing provision of financial incentives by the government, the sales of electric scooters and motorcycles are booming in India. In 2019, nearly 152.0 thousand units of electric motorcycles and scooters were sold in the country, registering a 20.6% growth annually from 2014.

In terms of retail sales value, the market is predicted to advance at a CAGR of 63.9% from 2020 to 2025 and attain a revenue of more than $1.0 billion in 2025. A key factor fueling the growth of the market is the provision of lucrative financial incentives and subsidies on electric vehicles by the government. Moreover, the government is also providing tax exemptions and purchase rebates for promoting the utilization of electric vehicles and two-wheelers in the country.

The ballooning sales of these scooters would be driven by the availability of a wide array of electric scooter models in the country, their affordable prices, and their ability to serve as excellent alternatives to the traditional fossil fuel-powered mopeds. According to the publisher, a market research company based in India, the Indian electric scooter and motorcycle market is currently demonstrating the highest growth in Uttar Pradesh out of all the states in the country.

The surge of the market in Uttar Pradesh is caused by the increasing penetration of electric motorcycles and scooters in the state. Moreover, these two-wheelers are registering soaring sales in the tier 2 and tier 3 cities of the state. Because of the rising demand for these vehicles in the state, many original equipment manufacturers (OEMs) are rapidly increasing their dealer network. This is, in turn, pushing up the sales of electric motorcycles and scooters in the state.

Hence, it can be safely said that the market will exhibit rapid growth in the coming years, mainly because of the rising implementation of favorable government policies regarding the sales of electric vehicles and the increasing consumer preference for electric scooters and motorcycles over their fuel-based variants in the country.

Key Topics Covered:

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Market Indicators
3.1 Overview of Macroeconomic Environment in India
3.2 Overview of Indian Two-Wheeler Market

Chapter 4. Executive Summary

Chapter 5. Introduction
5.1 Definition of Market Segments
5.1.1 By Product
5.1.1.1 Scooter
5.1.1.2 Motorcycle
5.1.2 By Battery Type
5.1.2.1 Sealed lead acid
5.1.2.2 Li-ion
5.1.3 By Voltage
5.1.3.1 36 V
5.1.3.2 48 V
5.1.3.3 60 V
5.1.3.4 72 V
5.1.4 By Technology
5.1.4.1 Removable
5.1.4.2 Non-removable
5.1.5 By Maximum Speed
5.1.5.1 &lessThan;25 km/h
5.1.5.2 25-50 km/h
5.1.5.3 >50 km/h
5.1.6 By Sales Channel
5.1.6.1 Offline
5.1.6.2 Online
5.1.7 By Application
5.1.7.1 B2B
5.1.7.2 B2C
5.2 Value Chain and Ecosystem Analysis
5.2.1 Value Chain Analysis
5.3 Market Dynamics
5.3.1 Trends
5.3.1.1 Growing investment in electric two-wheeler space
5.3.1.2 Growing e-retailing of electric two wheelers
5.3.1.3 OEMs are launching high speed models
5.3.2 Drivers
5.3.2.1 Stringent emission norms
5.3.2.2 Government subsidy and regulatory policies
5.3.2.3 Rising environmental awareness
5.3.2.4 Falling Li-ion battery price
5.3.2.5 Li-ion battery development and planned set up of battery manufacturing units
5.3.2.6 Entry of established two-wheeler manufacturers and new product launch
5.3.2.7 Impact analysis of drivers on market forecast
5.3.3 Restraints
5.3.3.1 Lack of awareness and customers perception about electric two-wheelers
5.3.3.2 Lack of charging infrastructure and range anxiety
5.3.3.3 High upfront and battery replacement cost
5.3.3.4 Impact analysis of restraints on market forecast
5.3.4 Opportunities
5.3.4.1 Growing moto taxi and scooter sharing business
5.3.4.2 Growing demand for last-mile delivery options
5.3.4.3 Long-range electric scooters and motorcycles to gain traction
5.3.4.4 Li-ion powered two-wheelers gaining momentum
5.4 Porter’s Five Forces Analysis

Chapter 6. Impact of COVID-19 on India Electric Scooters and Motorcycles Market
6.1 Impact of COVID-19 on Indian EV Industry
6.2 Impact of COVID-19 on Last Mile Connectivity
6.3 Impact of COVID-19 on Shared Mobility
6.4 Impact of COVID-19 on Micro-mobility

Chapter 7. Regulatory Policies
7.1 NEMMP 2020
7.1.1 FAME II India Scheme Overview
7.1.2 FAME I India Scheme Overview & Impact
7.1.3 SIAM Policy Overview
7.2 Localization of Electric Vehicle Component
7.3 Import Scenario of Electric Vehicle Component in India
7.3.1 Tax Structure for Import of Electric Vehicle Component in India
7.4 State Level Electric Vehicles Policies in India

Chapter 8. Market Size and Forecast
8.1 By Product
8.2 By Battery Type
8.3 By Voltage
8.4 By Technology
8.5 By Maximum Speed
8.6 By Sales Channel
8.7 By Application
8.7.1 B2B electric scooter and motorcycle, by end use
8.8 By State

Chapter 9. Uttar Pradesh Market Size and Forecast
9.1 By Product
9.2 By Battery Type
9.3 By Voltage
9.4 By Technology
9.5 By Maximum Speed
9.6 By Sales Channel
9.7 Market Share Analysis of Key Players
9.8 Major Cities for Electric Scooters and Motorcycles in Uttar Pradesh

Chapter 10. Maharashtra Market Size and Forecast

Chapter 11. West Bengal Market Size and Forecast

Chapter 12. Gujarat Market Size and Forecast

Chapter 13. Tamil Nadu Market Size and Forecast

Chapter 14. Delhi Market Size and Forecast

Chapter 15. Rajasthan Market Size and Forecast

Chapter 16. Karnataka Market Size and Forecast

Chapter 17. Haryana Market Size and Forecast

Chapter 18. Madhya Pradesh Market Size and Forecast

Chapter 19. Rest of India Market Size and Forecast

Chapter 20. Electric Scooter and Motorcycle Customer Analysis
20.1 By Age
20.2 By Gender
20.3 By Profession
20.4 By Usage
20.5 By Driving Distance
20.6 Customers Motivation
20.7 Customer Behavior and Trends

Chapter 21. Competitive Landscape
21.1 List of Players and Their Offerings
21.2 Company Benchmarking
21.3 Product Benchmarking
21.4 Market Share Analysis of Key Players
21.4.1 High Speed Electric Scooter
21.4.2 Low Speed Electric Scooter
21.5 Dealer Mapping (2019)
21.6 Strategic Developments of Key Players
21.6.1 Product launches
21.6.2 Partnerships, Mergers, and Acquisitions
21.6.3 Facility Expansion
21.6.4 Other Developments

Chapter 22. Aftermarket Analysis
22.1 OEM to Dealer-Spares, Warranty
22.2 Dealer to Customer-Service Intervals, Road Side Assistance
22.3 Customer Feedback and Challenges

Chapter 23. Cost Analysis
23.1 Charging Station Infrastructure CAPEX and OPEX
23.2 Cost Estimation for Setting Up Electric Scooter Assembly

Chapter 24. Company Profiles

Hero Electric Vehicles Pvt. Ltd.
Electrotherm (India) Ltd.
Avon Cycles Ltd.
Lohia Auto Industries
Okinawa Autotech Pvt. Ltd.
Tvs Motor Co. Ltd.
Twenty Two Motors Pvt. Ltd. (22 Kymco)
Bajaj Auto Ltd.
Ather Energy Pvt. Ltd.
Ampere Vehicles Pvt. Ltd. (Greaves Cotton Ltd.)
Tunwal E-Vehicle India Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/cslbs0

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

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SOURCE Research and Markets

EAA AeroEducate initiative helps young people discover and explore aviation interest

OSHKOSH, Wis., Jan. 22, 2021 /PRNewswire-PRWeb/ — AeroEducate, the newest youth aviation initiative from the Experimental Aircraft Association, will bring an interactive, educational, and engaging experience to young people ages 5 to 18 years old beginning in 2021.

AeroEducate’s web-based resource provides clear, age-appropriate pathways to aviation and aerospace engagement, and even career paths. A multitude of turnkey, easy-to-use aviation-themed activities for teachers and EAA chapters can…

«What EAA has created with AeroEducate is a wide-ranging program where a child can reach specific goals in aviation that are achievable, affordable, and engaging,» said Jack J. Pelton, EAA CEO and Chairman of the Board. «This is the ‘Next Step’ for direct youth aviation education that was pioneered by the EAA Young Eagles program in the 1990s. AeroEducate will encourage participation from young people, their parents, teachers, and EAA chapters in a way that builds interest in aviation from initial fun to possible career paths.»

Among the elements of AeroEducate are:

Badging Program – designed to motivate engagement and continued discovery
Career Pathways – demystifies the journey, regardless of area of aviation interest
Classroom Activities – aviation-infused to help educators spark interest among youth
Database of Youth Aviation Activities – creating nationwide opportunities to participate

As part of AeroEducate, EAA is partnering with aviation industry leaders to develop specific career pathways that include professional pilot, air traffic controller, maintenance technician, engineering, and aviation business. United Airlines’ Aviate program led the way in late 2020 by becoming the first industry partner in AeroEducate. Aviate, established to inspire and develop the next generation of talented and diverse United pilots, will effectively create a path from a Young Eagles flight to a profession as a commercial pilot. Additional industry partners will be announced as their participation is finalized.

EAA is developing educational components with North Carolina State University, encompassing an aviation focus that can be used in both traditional and non-traditional learning environments. That flexibility is especially useful as online and distance learning has become more prevalent over the past year. The activities focus on STEM principles, and follow Common Core Standards, Next Generation Science Standards, and technology and literacy standards. In addition, the teaching activities that are being developed for EAA AeroEducate are available at no charge and are easily adaptable to existing curricula.

«AeroEducate aims to take that youthful discovery and fascination with flight into a positive direction that builds goals and fun for young people, as well as resources for their parents, teachers, and local mentors,» said Rick Larsen, EAA’s vice president of communities and member programming. «This initiative uses the best of aviation, education, and technology in a way that reaches kids where they are and where they want to go.»

Development of AeroEducate programming will continue through the first half of 2021, with further updates and announcements also coming at EAA AirVenture Oshkosh in late July.

About EAA
The Experimental Aircraft Association (EAA) is based in Oshkosh, Wisconsin, and embodies The Spirit of Aviation through the world’s most engaged community of aviation enthusiasts. EAA’s 240,000 members and 900 local chapters enjoy the fun and camaraderie of sharing their passion for flying, building and restoring recreational aircraft. For more information on EAA and its programs, call 800-JOIN-EAA (800-564-6322) or go to http://www.eaa.org. For continual news updates, connect with http://www.twitter.com/EAA.

Media Contact

Dick Knapinski, EAA, 920-426-6523, dknapinski@eaa.org

Twitter

SOURCE EAA

EXIM Releases FY 2020 Annual Report–«All America»– Highlighting $5.4 Billion in Authorizations Supporting U.S. Exporters and an Estimated 37,000 American Jobs

WASHINGTON, Jan. 22, 2021 /PRNewswire-PRWeb/ — The Export-Import Bank of the United States (EXIM) today released to the United States Congress and to the American people its full fiscal year (FY) 2020 Annual Report, which reports the agency’s authorizations and financial condition as of the close of FY 2020 as well as providing additional data and information about EXIM’s activities in FY 2020 and in the first quarter of FY 2021.

The 2020 Annual Report—entitled «All America» for the agency’s priority initiative on reaching, educating, informing, and supporting small business across the United States—covers EXIM’s achievements in implementing reforms and policies to increase U.S. competitiveness in global markets, supporting U.S. companies during the COVID-19 pandemic, fulfilling small business and other Congressional mandates, and expanding U.S. exports to sub-Saharan Africa.

The Report also provides an update on the EXIM’s Program on China and Transformational Exports (China Program), which was mandated by the U.S. Congress in the agency’s historic 2019 reauthorization and is one of the most significant initiatives in the 87-year history of EXIM.

Important reforms and policy changes implemented in FY 2020 and in the first quarter of FY 2021 include updating the agency’s «additionality» (the likelihood that a transaction would not go forward without EXIM’s support) and economic impact procedures, as well as establishing a narrowly-tailored content policy specific to the agency’s new China Program.

«The past year at EXIM has been one marked with unprecedented challenges and monumental successes. Through it all, our talented and diverse 515-person EXIM team stayed focused on our vision: ‘Keeping America Strong: Empowering U.S. businesses and workers.’ Throughout the challenging COVID-19 pandemic, we worked successfully to level the playing field for American employers and their employees in the tremendously competitive global marketplace in order to make America’s great ‘Made in the USA‘ goods and services more available to customers throughout the world,» said EXIM President and Chairman Kimberly A. Reed. «EXIM’s 2020 Annual Report illustrates our successes and commitment to implementing reforms and to making the policy adjustments needed to enhance America’s competitiveness abroad while protecting the U.S. taxpayer.»

EXIM’s 2020 Annual Report details the agency’s FY 2020 total authorizations and breakdowns of support. The agency’s total authorizations were somewhat lower in FY 2020 for two primary reasons. First, the COVID-19 pandemic and the global economic slowdown disproportionately affected key sectors of the U.S. economy (e.g., aviation) that historically have utilized EXIM’s long-term financing. Second, the lingering effects of the four-year lapse in the EXIM Board quorum from July 2015 to May 2019 discouraged U.S. export opportunities and applications for the agency’s support for large deals that typically require several years to be developed. EXIM’s small business support remained a top priority and relatively steady in FY 2020.

Highlights of the 2020 Annual Report include the following:

EXIM authorized $5.4 billion of loan guarantees, export credit insurance, and direct loans in support of an estimated $10.8 billion of U.S. export sales and an estimated 37,000 jobs.
EXIM’s small business authorizations totaled more than $2.0 billion, representing 38.6 percent of total authorizations—exceeding the agency’s charter requirement of 25 percent. Transactions that directly benefited small business exporters were nearly 89 percent of total transactions.
EXIM authorized $335.4 million for minority- and women-owned businesses.
As of the FY 2020 year-end on September 30, 2020, EXIM’s quarterly default rate was 0.819 percent, well under the «below 2 percent» cap established in EXIM’s Charter in 2015.

For more information, see the fact sheet summarizing highlights of the 2020 Annual Report.

ABOUT EXIM:

The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth and keeps America strong by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at http://www.exim.gov.

Media Contact

Office of Communications, Export-Import Bank of the United States, 202-565-3204, linda.formella@exim.gov

SOURCE Export-Import Bank of the United States

Global Automotive Ambient Lighting Market (2020 to 2025) – Enhanced Functionalities in Lighting Presents Opportunities

DUBLIN, Jan. 22, 2021 /PRNewswire/ — The «Automotive Ambient Lighting Market by Electric & Hybrid (BEV, HEV, PHEV), Application…

DUBLIN, Jan. 22, 2021 /PRNewswire/ — The «Automotive Ambient Lighting Market by Electric & Hybrid (BEV, HEV, PHEV), Application (Footwell, Door, Dashboard, Center Console), Passenger Car (C, D, E, and F), Aftermarket (Country and Application (Interior and Exterior)) – Global Forecast to 2025» report has been added to ResearchAndMarkets.com’s offering.

The ambient lighting market for automotive, by value, is projected to grow at a CAGR of 9.9% from 2020 to 2025. It is projected to reach USD 4.9 billion by 2025 from an estimated USD 3.0 billion in 2020.

The key factors driving the market growth include increasing penetration of ambient lighting in low to mid-segment vehicles, inclination toward luxury, and increasing vehicle production. The improving economic condition of developing regions such as Asia Oceania has boosted the market for premium vehicles, which are equipped with ambient lighting.

Centre Console ambient lighting to witness the fastest growth during the forecast period

The market for dashboard ambient lighting is projected to grow at the highest CAGR, in terms of value, during the forecast period. The increasing demand for ambient lighting and luxury vehicles are the key growth drivers for the center console ambient lighting market.

Asia Oceania to dominate the market growth

Asia Oceania is estimated to see the fastest growth of the ambient lighting market for automotive, in terms of value. This growth is primarily driven by increasing vehicle production and increasing penetration of luxury cars in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary
3.1 Pre- & Post-COVID-19 Scenario

4 Premium Insights
4.1 Automotive Ambient Lighting Market: Attractive Opportunities in Oe Market
4.2 OE Automotive Ambient Lighting Market, by Region
4.3 OE Automotive Ambient Lighting Market, by Vehicle Type
4.4 OE Automotive Ambient Lighting Market, by Application
4.5 Automotive Ambient Lighting Market for Ev, by Region
4.6 Automotive Ambient Lighting Market for Ev, by Vehicle Type
4.7 Automotive Ambient Lighting Market for Ev, by Application
4.8 Automotive Ambient Lighting Aftermarket, by Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Sale of Ultra-Luxurious Vehicles
5.2.1.2 Efforts to Optimize Interior Lighting
5.2.1.3 Consumer Inclination Toward Comfort & Safety Features
5.2.1.4 Easy Availability of Aftermarket Solutions
5.2.2 Restraints
5.2.2.1 High Cost of Oe Integration
5.2.2.2 Higher Cost of Led Lights Compared to Halogen Lights
5.2.3 Opportunities
5.2.3.1 Enhanced Functionalities in Lighting
5.2.3.2 Increasing Use of Mood Lighting
5.2.3.3 Collaborations Among Automotive OEMs and Lighting System Manufacturers
5.2.4 Challenges
5.2.4.1 Possibility of Driver Distraction
5.2.4.2 Presence of Unorganized Aftermarket
5.2.4.3 Volatility of Raw Material Prices
5.2.4.4 Increase in Competition from Local Companies Offering Counterfeit/Retrofit Solutions
5.3 Scenario Analysis
5.3.1 most Likely Scenario
5.3.2 Optimistic Scenario
5.3.3 Pessimistic Scenario
5.4 Porter’s Five Forces Analysis
5.4.1 Competitive Rivalry
5.4.2 Threat of New Entrants
5.4.3 Threat of Substitutes
5.4.4 Bargaining Power of Suppliers
5.4.5 Bargaining Power of Buyers
5.5 Value Chain Analysis
5.5.1 Research and Product Development Executives
5.5.2 Raw Material/Component Suppliers
5.5.3 Original Equipment Manufacturers
5.5.4 Distributors and Sales Representatives
5.5.5 End-users
5.6 Key Technology Trends
5.7 Lighting Products: Tariff Related Data
5.8 US: Import and Export Data for Electric Lamps and Lighting Fittings, 2008-2019 (USD Billion)
5.9 Case Studies Related to Ambient Lighting Market
5.9.1 Case Study 1: BMW Group and Lighting Engineering Group at Ilmenau University
5.9.2 Case Study 2: Influence of Ambient Lighting in a Vehicle Interior on the Driver’s Perceptions

6 Impact of COVID-19
6.1 Introduction to COVID-19
6.2 COVID-19 Health Assessment
6.3 COVID-19 Economic Assessment
6.3.1 COVID-19 Economic Impact – Scenario Assessment
6.3.2 COVID-19 Impact Analysis on the Global Automotive Industry
6.3.3 Impact of COVID-19 on the Automotive Ambient Lighting Market

7 OE Automotive Ambiance Lighting Market, by Passenger Car Segment
7.1 Introduction
7.2 C-Segment
7.3 D-Segment
7.4 E-Segment
7.5 F-Segment

8 OE Automotive Ambiance Lighting Market, by Application
8.1 Introduction
8.2 Dashboard
8.3 Footwell
8.4 Doors
8.5 Center Console
8.6 Others Ambient

9 OE Automotive Ambient Lighting Market for Electric Vehicles, by Application & Region
9.1 Introduction
9.2 BEV
9.3 FCEV
9.4 HEV
9.5 PHEV

10 Automotive Ambient Lighting Aftermarket, by Region & Country
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.4 Asia Oceania
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 India
10.5 RoW
10.5.1 Brazil
10.5.2 Russia

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis
11.3 Market Evaluation Framework
11.4 Market Share Analysis, 2019
11.5 Competitive Leadership Mapping
11.5.1 Star
11.5.2 Emerging Leaders
11.5.3 Pervasive
11.5.4 Participants
11.6 Competitive Leadership Mapping SME Players of Automotive Ambient Lighting Market
11.6.1 Progressive Company
11.6.2 Responsive Companies
11.6.3 Dynamic Companies
11.6.4 Starting Blocks
11.7 Winners Vs. Tailenders
11.8 Competitive Situations & Trends
11.8.1 New Product Developments
11.8.2 Expansions
11.8.3 Partnerships/Supply Contracts/Collaborations/Joint Ventures/Agreements/Mergers & Acquisitions

12 Company Profiles
12.1 Hella
12.2 Valeo
12.3 Grupo Antolin
12.4 Federal Mogul (Tenneco)
12.5 Koito Manufacturing Co Ltd
12.6 Osram
12.7 General Electric
12.8 Philips
12.9 Marelli
12.10 Stanley Electric Co Ltd
12.11 Zizala Lichtsysteme GmbH
12.12 Other Key Players
12.12.1 Draxlmaier Group
12.12.2 Tungsram
12.12.3 LSI
12.12.4 Toshiba Lighting and Technology Corporation
12.12.5 Pacific Insight
12.12.6 Oshino Lamps Ltd
12.12.7 Texas Instruments
12.12.8 Samvardhana Motherson Automotive Systems
12.12.9 Sigma International
12.12.10 Lumax Industries Ltd.
12.12.11 Autolite

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/dqkeei

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

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SOURCE Research and Markets

Rogers International Commodity Index (RICI®) Composition Unchanged — FX Source Changed

SINGAPORE, Jan. 22, 2021 /PRNewswire/ — Following the annual meeting of the Rogers International Commodity Index (RICI®) Committee, Jim Rogers and Beeland Interests, Inc. announce no adjustments to the weights of components comprising the RICI, leaving the Index components and weights unchanged since the January 2019 roll period. This outcome reaffirms the founding premise that for the sake of transparency, consistency and stability,…

Effective with the January 2021 roll period, which roll period begins at the end of January 2021, the Index will use WM/Refinitiv Closing Spot Rates fixed at 4 p.m. London as the FX source for settlement levels. The Monthly Contract Weight (MCW) to be calculated for the January 2021 roll period also will use such rates on the MCW calculation day. TPI will continue to be the FX source used for Index intraday levels.

The RICI represents the value of a compendium (or «basket») of globally traded commodities employed in the global economy (38 commodity futures contracts), ranging from agricultural and energy products to metals and minerals. The RICI and its various sub-indexes are used by many investment banks and investors throughout the world.

A copy of the current RICI Handbook may be downloaded free of charge at the following Internet link: http://www.beelandinterests.com/RICI%20Handbook.html

Jim Rogers, an advocate of commodities-based investing, created the RICI in 1997 and 1998 and is the CEO of Beeland Interests, Inc., the owner of the Index. The RICI Committee, currently chaired by Jim Rogers, determines the Index components and weights. Jim Rogers also is the author of Investment Biker, Adventure Capitalist, Hot Commodities, A Bull In China, A Gift to My Children and Street Smarts – Adventures on the Road and in the Markets.

«Jim Rogers«, «James Beeland Rogers, Jr.«, and «Rogers» are trademarks and service marks of, and «Rogers International Commodity Index» and «RICI» are registered trademarks and service marks of, Beeland Interests, Inc., which are used subject to license. The personal names and likeness of Jim Rogers/James Beeland Rogers, Jr. are owned and licensed by James Beeland Rogers, Jr.

View original content:http://www.prnewswire.com/news-releases/rogers-international-commodity-index-rici-composition-unchanged–fx–source-changed-301213410.html

SOURCE Beeland Interests, Inc.

‘Transpotainment’ Trends Buoy Flailing Motorcycle Sales During COVID-19 Pandemic

CLEVELAND, Jan. 22, 2021 /PRNewswire/ — 2020 was a rocky year for the US motorcycle industry as the effects of the COVID-19 pandemic caused overall sales to tumble. But there were also silver…

CLEVELAND, Jan. 22, 2021 /PRNewswire/ — 2020 was a rocky year for the US motorcycle industry as the effects of the COVID-19 pandemic caused overall sales to tumble. But there were also silver linings:

Unlike much of the rest of the world, in the US, motorcycles, scooters, mopeds, and e-bikes are generally considered recreational – or «transpotainment» – vehicles, typically purchased by hobbyists and regarded as a fun way to get from place to place rather than as a primary mode of personal transportation.
Spending on big-ticket items like motorcycles plummeted along with consumer incomes in the first part of 2020 with the onset of the pandemic.
However, certain segments of the motorcycle market provided unexpected near-term growth and ample opportunity for long-term expansion, causing market leaders to pivot their focus and recalibrate their strategies.

Freedonia analyst Gleb Mytko explains: «The COVID-19 pandemic impacted virtually everything in the US two-wheeler market, from global supply chains to the operations of retailers. As consumers adjusted to new realities, however, they reduced use of public transportation and ride sharing services, and pursued new forms of recreation. In turn, the US saw interest in bicycles, e-bikes, scooters, mopeds, and motorcycles surge. This peak in consumer interest coincided with the introduction of the next generation of two-wheelers, built on more than a decade of technological innovation. Potential buyers in the US – including both new and experienced riders – were met with an array of appealing options at many different price points, allowing them to find the model that meets all of their needs.»

US Motorcycle Sales Expected to Approach $6 Billion in 2024

Demand for motorcycles in the US is projected to grow 5.4% per year to over 1.0 million units in 2024, aided by surging e-bike and electric motorcycle and scooter sales. For more information, see Global Motorcycles, now available from The Freedonia Group.

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
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SOURCE The Freedonia Group

Michael J. Cumbo Appointed President & CEO Of Omega Optical Holdings

BRATTLEBORO, Vt., Jan. 22, 2021 /PRNewswire/ — Omega Optical Holdings, LLC (Omega or the Company), a leading precision optics platform backed by Artemis Capital Partners (Artemis), announced today that Dr. Michael J. Cumbo has been appointed President and CEO, effective February 1^st. Dr. Cumbo brings more than 30 years of leadership experience in the optics and photonics industry to Omega.

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Artemis formed Omega Optical Holdings, LLC in August 2020, upon the acquisition of Omega Optical, LLC, a manufacturer of precision optical filters and coatings, and plans to target further complementary acquisitions. Dr. Cumbo will lead all strategic and operational initiatives to position the platform for long-term growth.

Dr. Cumbo is an experienced optics and photonics industry leader with a successful track record of building world-class optical technology companies in the life science, defense & aerospace, semiconductor, and industrial OEM markets. Cumbo joins Omega from his previous role as CEO at AIM Photonics, the U.S. Defense Department’s $600 million photonics hub in Albany, NY, where he will continue to serve as an advisor to AIM’s Leadership Council. Prior to AIM Photonics, Cumbo spent 30 years driving growth and technology development at market-leading optics businesses across the globe, most recently serving as Vice President at AMETEK-ZYGO and as President of IDEX Optics & Photonics.

«We are very pleased to welcome Mike as President and CEO of Omega,» said Peter A. Hunter, Managing Director at Artemis and Chairman of Omega. «He has a deep technical and business background in optics, and he also has a proven track record of successfully building great companies and moving technologies and teams from research to production. We are excited about Omega’s potential, and we are confident in Mike’s ability to help build an innovative, world-class optics platform.»

«I am honored and excited to join the Omega team and partner with Artemis in building the Omega Optical Holdings platform,» Cumbo said. «I look forward to working closely with Omega’s management team, employees, customers and suppliers to build an agile organization that solves mission-critical technology challenges for our customers and meets the growing global demand for high precision, no-fail optical coatings, components and assemblies.»

Dr. Cumbo holds a Ph.D. in Optics, an M.S. in Optical Engineering, and a B.S. in Physics from the University of Rochester, as well as an M.S. in Electrical Engineering from Rochester Institute of Technology. He has 11 patents and authored 22 technical journal papers and conference proceeding articles.

Omega Optical
Founded in 1969, Omega Optical designs and manufactures precision optical filters and coatings enabling mission-critical applications for global OEM customers in a wide range of industries, including life sciences, environmental monitoring, aerospace, defense, semiconductor, and more. Specializing in complex, high-performing thin film band pass filters, the Company has a breadth of capabilities and experience to support full customer life cycle needs from design to prototyping to volume production. Omega is ISO 9001:2015 and ITAR compliant. For more information on Omega Optical, please visit: www.omegafilters.com

Artemis
Founded in 2010, Artemis Capital Partners is a Boston-based private equity firm focused on acquiring and growing manufacturers of differentiated industrial technologies, including optics and photonics. Artemis seeks to partner with companies that have strong established management teams, outstanding engineering capabilities, unique products, and expanding niche markets. For more information on Artemis, please visit: www.artemislp.com.

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SOURCE Omega Optical (an Artemis company)

InventHelp Inventor Develops Safety Light Alert (MTN-3559)

PITTSBURGH, Jan. 22, 2021 /PRNewswire/ — «I was pulled over by the police and ticketed for a burned-out rear light on my vehicle, which I was not aware of,» said an inventor from Bronx, N.Y. «As a result of the frustration, delay and expense I conceived of this means to alert drivers of this problem.»

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He developed the patent-pending BLOWN LIGHT INDICATOR to provide motorists with enhanced safety and peace of mind by warning them of all burned-out lights. This invention may prevent collisions and associated vehicular damage, higher insurance costs, injuries and possible fatalities. Additionally, it may keep drivers from being pulled over by the police and issued expensive citations.

The original design was submitted to the Manhattan sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-MTN-3559, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

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SOURCE InventHelp

Lucid Motors Adds Second Retail Location in South Florida At Rosemary Square in West Palm Beach

WEST PALM BEACH, Fla., Jan. 22, 2021 /PRNewswire/ — Lucid Motors, which is setting new standards for sustainable mobility with its advanced luxury EVs, today announced the opening of its newest retail location in South Florida – the Lucid Studio in West Palm Beach at Rosemary Square – on Saturday, January 23. This location is the sixth in a network of Lucid Studios that will grow to 20 locations across the United States by the end of the year. All Lucid Studios are designed to give customers the opportunity to experience Lucid’s advanced electric vehicle technology and reserve their own Lucid Air all-electric sedan.

At any Lucid Studio, customers can review options for the full Lucid Air lineup of luxury, high-performance EVs, which resets the bar for electric vehicle performance and efficiency with 517 miles of projected range on a single charge for the Grand Touring model and a 0-60 mph time as low as 2.5 seconds. The lineup includes the Lucid Air Pure, a very well-equipped model available from $77,400 ($69,900 after federal tax credit), the Lucid Air Touring, which starts at $95,000 ($87,500 after federal tax credit), and the Lucid Air Grand Touring that starts at $139,000 ($131,500 after federal tax credit). The first available Lucid Air model will be the exclusive, limited production Dream Edition, available from $169,000 ($161,500 after federal tax credit) , featuring a projected 503 miles of range, with 1080 hp and a quarter mile time of 9.9 seconds. Lucid Air production begins in Spring 2021 at the newly completed Lucid Advanced Manufacturing Plant (AMP-1) in Casa Grande, Arizona.

«The opening of our West Palm Beach Studio signifies our confidence in the South Florida market as we continue the expansion of our retail network across the United States,» said Zak Edson, Senior Director of Retail Operations, Lucid Motors. «Our first product, Lucid Air, is a true luxury EV that will set new standards in power, efficiency, comfort and range, and we look forward to sharing it with discerning consumers at our newest location in West Palm Beach.»

«We believe in brands that are reimagining and also leading their respective industries and are thrilled to build on the success of our current tenants with additions like Lucid Motors that speak to the experience, connection and innovation that define our neighborhood,» said Gopal Rajegowda, Partner at Related Southeast, developer of Rosemary Square.

About Lucid Motors
Lucid’s mission is to inspire the adoption of sustainable energy by creating the most captivating electric vehicles, centered around the human experience. The company’s first car, the Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design underpinned by race-proven technology. Featuring luxurious interior space in a mid-size exterior footprint, select models of the Air will be capable of a projected EPA range of over 500 miles and 0-60 mph in under 2.5 seconds. Customer deliveries of the Lucid Air, which will be produced at Lucid’s new factory in Casa Grande, Arizona, will begin in the spring of 2021.

Media Contacts
Andrew Hussey
David Buchko
media@lucidmotors.com

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SOURCE Lucid Motors

Lucid Motors Adds Second Retail Location in South Florida At Rosemary Square in West Palm Beach

Media Contacts
Andrew Hussey
David Buchko
media@lucidmotors.com

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SOURCE Lucid Motors