Electronic Motorcycle Company will establish headquarters in Hawaiian Gardens

A RYVID eMotorcycle travels 75 miles on a single charge.

November 19, 2022

Gov. Gavin Newsom announced this week that the Office of the Governor for Business and Economic Development (GO-Biz) has awarded $123 million in CalCompetes grants and tax credits to support over 6,800 full-time positions with an average salary of $113,013. to create dollars.

California is investing in cutting-edge industries to boost the economy and create thousands of new high-paying jobs that are estimated to attract more than $1.9 billion in new private investment over the next five years. Companies that receive funding will build electric motorcycles, increase domestic production of next-generation semiconductors and microchips, further commercialize green and safe power, and more.

“California is dominating new industries and investing in the future of the world’s most innovative companies,” Governor Newsom said. “We are on track to become the world’s fourth-largest economy because of our commitment to supporting innovative businesses — creating thousands of high-paying jobs across the state, fostering innovation, and creating new opportunities for thousands of Californians.”

“California Competes remains a key program that attracts and retains employers, who in turn create high-paying jobs and economic opportunity for workers across our state,” said Dee Dee Myers, senior advisor to Gov. Newsom and director of GO-Biz. “We are excited to build on the success of this program over the past nine years and to invest in companies that create the jobs of today and tomorrow.”

RYVID, Inc. received a $20 million grant to establish its headquarters in Hawaiian Gardens, an electric motorcycle manufacturing facility in San Bernardino, and a lithium battery manufacturing facility in El Cajon. Overall, RYVID intends to create more than 900 new full-time jobs.

“The RYVID team is very grateful to Governor Newsom and the California Competes Program for this scholarship. We welcome the opportunity to serve our California community, nation and the world through sustainable electric vehicle manufacturing,” said Dong Tran, CEO of RYVID. “RYVID’s founders are immigrants and the children of immigrants who came to California for a better life, and we are committed to bringing our home state high-paying manufacturing jobs in one of the fastest-growing electric mobility sectors in the years to come . ”

“These are exactly the types of investments and jobs that were intended in the CalCompetes program,” said Scott Dosick, associate director of CalCompetes. “This grant will enable RYVID not only to establish operations in California, but also to solidify its presence here for the long-term future.