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While everybody and his brother (if Honda, Yamaha, BMW and Piaggio count) prepares to launch a new wave of electric scooters, one of the original players, Rhode Island-based Vectrix, is preparing to bow out.

A victim of the "good idea a little too soon" syndrome, Vectrix has told most of its employees adios and says the remaining staff is beginning "the process of preparing for a bankruptcy filing..."

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