Bionic Electrical Bikes: New Ownership, New Direction

BionX was a Canadian company that made electric motors for bicycles. It was founded in 1998 by Jean-Yves Dubé, who had previously worked repairing large mining trucks' electric hub motors. In 2008, BionX was acquired by Magna, and its motors became standard in many ebikes in Europe and North America. BionX introduced SeaScape, an electrically assisted paddle-boat product line, in 2011. However, BionX Canada went into receivership in 2018 and its assets were sold off. The company's intellectual property, patents, trademarks, software web domains and remaining inventory were eventually sold to Amego Electric Vehicles and its nominee Leisger Cycle Inc. BionX's motors were noted for their low noise and regenerative braking capabilities.

BionX was founded by Jean-Yves Dubé in 1998 as EPS (Electric Propulsion Systems)

BionX, originally named EPS (Electric Propulsion Systems), was founded by Jean-Yves Dubé in 1998. Dubé was an entrepreneur who had previously worked repairing large mining trucks' electric hub motors. In 2000, the company changed its name to BionX. BionX was a Canadian maker of electric motors for bicycles, as well as bicycle retrofit kits. The company was headquartered in Aurora, Ontario, and its motors were produced and assembled there before being marketed in over 15 countries. Research and development were based in Sherbrooke, Quebec, and the European sales and service centre was located near Munich, Germany.

In 2008, BionX was acquired by Magna. By this time, BionX motors had become standard in many ebikes in Europe and North America, including bikes by Trek, Matra and Kalkhoff. BionX motors were noted for their low noise and regenerative braking capabilities. They were typically mounted into an oversized rear wheel hub.

In 2011, BionX introduced SeaScape, an electrically assisted paddle-boat product line. However, in February 2018, BionX Canada went into receivership and its 80 employees were dismissed. The company was shut down temporarily to find a buyer, and in June 2018, parts of the business were sold off to three other businesses. The rest of the company's assets were liquidated via an online auction that ended in August 2018. By October 2018, BionX's intellectual property, patents, trademarks, software web domains and remaining inventory were sold to Amego Electric Vehicles and its nominee Leisger Cycle Inc.

In 2007, BionX was bought by Magna

BionX was a Canadian maker of electric motors for bicycles, as well as bicycle retrofit kits. The company was founded in 1998 by entrepreneur Jean-Yves Dubé, who had been repairing large mining trucks' electric hub motors for several years. BionX was headquartered in Aurora, Ontario, and its motors were marketed in over 15 countries.

After the acquisition, BionX continued to operate and innovate. In 2011, they introduced SeaScape, an electrically assisted paddle-boat product line. However, BionX Canada eventually ran into financial troubles, and in 2018, the company went into receivership. Its employees were dismissed, and the company was temporarily shut down while a buyer was sought. Eventually, BionX's intellectual property, patents, trademarks, software web domains, and remaining inventory were sold to Amego Electric Vehicles and its nominee Leisger Cycle Inc.

BionX's motors were standard in many ebikes in Europe and North America

BionX was a Canadian maker of electric motors for bicycles, operating from 1998 to 2018. The company was founded by entrepreneur Jean-Yves Dubé, who had experience repairing large mining trucks' electric hub motors. In 2000, the company changed its name from EPS (Electric Propulsion Systems) to BionX. BionX motors were standard in many ebikes in Europe and North America, including bikes by Trek, Matra, and Kalkhoff. In 2008, BionX was acquired by Magna, a company that had previously focused on electric cars. By the time of the acquisition, BionX's motors had already become standard in many ebikes in Europe and North America. Magna likely saw the potential to use their global reach to promote BionX's technologies and turn the company around.

In 2011, BionX introduced SeaScape, an electrically assisted paddle-boat product line. However, BionX Canada ran into financial troubles in 2018, leading to the dismissal of its 80 employees and a temporary shutdown of the company. Parts of the business were sold off, and the remaining company assets were liquidated via an online auction. Ultimately, BionX's intellectual property, patents, trademarks, software web domains, and remaining inventory were sold to Amego Electric Vehicles and its nominee Leisger Cycle Inc.

BionX introduced SeaScape, an electrically assisted paddle-boat product line in 2011

BionX was a Canadian maker of electric motors for bicycles, as well as bicycle retrofit kits. The company was founded in 1998 by entrepreneur Jean-Yves Dubé, who had been repairing large mining trucks' electric hub motors for several years. In 2000, the company changed its name from EPS (Electric Propulsion Systems) to BionX. In 2007, BionX was acquired by Magna, a new electric car company. By the time of the acquisition, BionX's motors had become standard in many ebikes in Europe and North America, including bikes by Trek, Matra, and Kalkhoff.

In 2011, BionX introduced SeaScape, an electrically assisted paddle-boat product line. This new product line expanded BionX's offerings beyond electric bicycles and into the realm of paddle-boats. SeaScape boats featured electric assistance, making it easier for users to paddle and manoeuvre their boats. This innovation combined the best of human power and machine efficiency, staying true to the "bionic" name.

Unfortunately, BionX Canada ran into financial troubles in 2018. The company went into receivership, and its employees were dismissed. BionX's assets were sold off, and its intellectual property, patents, trademarks, software web domains, and remaining inventory were eventually purchased by Amego Electric Vehicles and its nominee Leisger Cycle Inc. Despite these challenges, BionX's legacy lives on through its innovative products and the impact it had on the electric bicycle industry.

BionX Canada went into receivership in 2018

BionX was a Canadian maker of electric motors for bicycles as well as bicycle retrofit kits, operating from 1998 to 2018. In 2008, BionX was acquired by Magna and by then its motors had become standard in many ebikes in Europe and North America.

On 27 February 2018, BionX Canada went into receivership, its 80 employees were dismissed, and the company was shut down temporarily to find a buyer. Grant Thornton Limited was appointed as Receiver. In June 2018, parts of the business were sold off to three other businesses, and the rest of the company assets were liquidated via online auction that ended on 15 August 2018. By October 2018, BionX's receiver sold the company's intellectual property, patents, trademarks, software web domains as well as remaining inventory with court approval to Amego Electric Vehicles and its nominee Leisger Cycle Inc.

BionX's main operations were in Aurora, Ontario, where the bike propulsion systems were manufactured. The company was originally named EPS (Electric Propulsion Systems) and was founded by entrepreneur Jean-Yves Dubé. In 2000, the name was changed to "BionX".

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