Rich listers’ rescue of Ubco: Sale price revealed

Some of the 175 Ubco bikes bought by Australia Post. (Image: Supplied)

Thu, 25 Sep 2025

Three rich-list families, plus the multinational Jubilee Investments, paid $5 million for Ubco, the latest receivers’ report reveals.“The transaction included the transfer of shares in Ubco subsidiaries, intellectual property, goodwill, plant and equipment, stock, and certain contracts, together with surrender of leasehold properties,” receivers Stephen Keen and Ian Ruscoe said.The Mount Maunganui-based electric motorcycle maker collapsed in January, owing $35.7m.In 2021, at the height of the venture capital boom, the firm rai...

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