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Onyx Motorbikes was in trouble — and then its 37-year-old owner died
Onyx Motorbikes owner and CEO James Khatiblou was trying to keep his startup alive. Then, the unthinkable happened.
A shipment of around 100 CTY2 dirt bikes from Chinese supplier Suzhou Jindao was delayed, and customers were starting to demand refunds – a major problem considering Khatiblou already owed both lenders and shareholders a lot of money. Realizing that Khatiblou wasn’t in a fit state to handle the pressing matters at hand, Cernicky said he started pressuring Onyx’s COO, Tay McDaniel, to step up – to which she replied with a resignation letter. Indian startup Zypp Electric plans to use fresh investment from Japanese oil and energy conglomerate ENEOS to take its EV rental service into Southeast Asia early next year, TechCrunch has…
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