vectrix Corporation, the financially troubled manufacturer of electric scooters, has declared chapter 11 bankruptcy and has agreed to sell the majority of its assets, free of debt, to a new company, appropriately called “New Vectrix LLC.” The move comes after the company cut the majority of its workforce and failed to secure major investment or a government loan or bailout. Vectrix is said to be continuing production of the VX-1 electric scooter at its facility in Poland during all this, but could not be reached for comment. A press release follows the jump, it kind of boggles the mind.