Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Local scooter business speeds towards growth


Pete Hodgson

9 July, 2008
Local scooter business speeds towards growth

Eco-friendly scooter and skateboard company X-Rides Ltd is ramping up its growth prospects, exploring opportunities to franchise the Wellington-region business and undertaking research and development to further improve its products.

Economic Development Minister Pete Hodgson and Associate Economic Development Minister Luamanuvao Winnie Laban visited the company’s workshop in Plimmerton today.

X-Rides, which originally imported motorised scooters and skateboards from China to use as hire vehicles in New Zealand and Australia, have since upgraded the electrical components for their own designs, paying particular attention to motor efficiency and environmental impacts.

X-Rides’ products are hired for events and it also runs adventure tourism activities using them, such as eco-tours through nature reserves.

“They have worked hard to build a strong brand image in New Zealand, which has helped them attract investors. This is allowing them to continue their research and development programme, which in turn they hope will eventually lead to international opportunities for their business,” Pete Hodgson said.

In the meantime they are looking at expanding their business around New Zealand. A study into the feasibility of franchising is being undertaken with the help of a capability building grant from New Zealand Trade and Enterprise (NZTE). The company will match NZTE’s funding from the grant, which it also plans to use to help develop an e-commerce strategy, marketing plan and brand design.

Winnie Laban said it was great to see ambitious people running businesses like X-Rides.

"I hope that they will be able to take their first steps into exporting before long. I would also encourage motivated owners of small businesses to look at schemes available to help them build up their skills and growth in their business," Winnie Laban said.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




REINZ May Data: House Price Rises Continue; Auckland Hits New Record Median Price Again

Median prices for residential property across New Zealand increased by 32.3% from $620,000 in May 2020 to $820,000 in May 2021, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand... More>>

Energy Resources Aotearoa: Doubling Of Coal Use Shows Need For Local Natural Gas

New figures showing a near doubling of coal-fired electricity generation highlight New Zealand’s energy shortage and the need for natural gas as a lower carbon alternative, according to Energy Resources Aotearoa... More>>


E Tu: ‘Sense Of Mourning’ As Norske Skog Mill Set To Close

Workers at Norske Skog’s Tasman Mill now know they’ll be losing their jobs in little over a month’s time.
On Wednesday afternoon, workers were told the mill will be stopping production from the end of June... More>>



Auction: 1.4 Million In Rare Vintage Watches, Gems, Jewels & Diamonds Go Under The Hammer At Webb’s

An auction event showcasing over 1.4 Million dollars in rare jewels, gems, diamonds and vintage watches is due to take place this Sunday by Auckland based auction house Webb’s... More>>

Catalist: NZ’s New SME Stock Exchange, Gets Licence To Go Public

New Zealand has a new stock exchange – designed specifically for small and medium-sized businesses (SMEs) to raise up to $20 million a year from the public.
Called Catalist, the exchange has already been successfully working the private investment sector.... More>>

E-Commerce: Over 40% Of Those Engaged In The Bitcoin Community Are Millennials

Bitcoin has emerged to be a popular topic among millennials with digital currency increasingly being viewed as a potential source of creating wealth through investments. The interest in bitcoin by millennials signals the role this age group plays in the possible realization of the digital currency’s mass adoption... More>>