Scorpio Electric, a Singapore-based electric motorcycle maker, reported a 15% increase in its losses to US$2.4 million for the financial year ending March 2023, along with a 44% revenue decline.

Despite being operational since 2017, the company had not yet introduced its e-bike to the market by that time.

However, Scorpio planned a global launch for its Scorpio Electric X1 at the Milan Motorcycle Show in November.