How a motorcycle company kick-started its shift to be an energy company

In this episode of Decoding Innovation, Scott Colosimo, founder and CEO of LAND Energy, shares the inception of the company and the funding journey.

Listen now on Apple PodcastsSpotify and Google Podcasts, and watch on YouTube.

In the second episode of this two-part series, Scott Colosimo, founder and CEO of LAND Energy, delves deeper into the foundation of his second company, and how his first company, Cleveland CycleWerks, acted as the springboard for it. Although Cleveland Cyclewerks, a legacy motorcycle manufacturer, stopped producing, they still had to support old customers and fix issues, which consumed valuable employee time. This led to making some strategic decisions that, in turn, paved way for the establishment of LAND Energy.

Scott explains in detail how they found sources for seed funding among friends and family, and the importance of perseverance to attain meaningful relationships and success in the industry.

Further into the episode, Scott points out how supply chain paradigms have changed post-2020, and how they utilized technology and adopted latest innovations to augment their manufacturing processes.

Key takeaways:

  • It is important to have sustainable goals, especially during the beginning of your company; start slow and accelerate once you get the basics, such as attainable KPIs.
  • As using a single manufacturing floor is getting expensive and cumbersome, in-country manufacturing has its benefits for the automotive industry.
  • Patents are a business tool, but they are getting more complex, and the patent process can be a barrier to the company growth. Developing in-house knowledge and having a team that has know-how are more feasible.

For your convenience, full text transcript of this podcast is also available. Read the transcript.

Presenters

Photographic portrait of Scott Colosimo
Scott Colosimo
Founder and CEO, LAND Energy

Podcast

Episode 23

Duration 26m 40s

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In this series

Series overview
(Event List - Manual)

How a motorcycle company kick-started its shift to be an energy company

In this episode of Decoding Innovation, Scott Colosimo, founder and CEO of LAND Energy, shares the inception of the company and the funding journey.
Podcast

Episode 23

Duration
26m 40s

Presenters

Scott Colosimo

Founder and CEO, LAND Energy

How a Cleveland-based motorcycle company found its niche in eMoto

In this episode of Decoding Innovation, Scott Colosimo, founder and CEO of LAND Energy, shares how his company pivoted to making electric bikes.
Podcast

Episode 22

Duration
26m 09s

Presenters

Scott Colosimo

Founder and CEO, LAND Energy

How innovations in the nuclear sector can help move toward net zero

In this episode, Martin Freer, nuclear physicist and the Director of Birmingham Energy Institute and the Energy Research Accelerator, discusses the role of alternative fuels and the potential of nuclear energy.
Podcast

Episode 21

Duration
43m 02s

Presenters

Martin Freer

Director, Birmingham Energy Institute, University of Birmingham; Director, Energy Research Accelerator

Why seagrass is an effective replacement for fossil-based plastic

In this episode of Decoding Innovation, Malthe Larsen, CTO and Cofounder of Coastgrass, shares how bio-composite materials, such as seagrass, can be used for making climate-friendly plastic.
Podcast

Episode 20

Duration
28m 03s

Presenters

Malthe Larsen

CTO and Cofounder, Coastgrass

Why not all disruptive innovations are truly disruptive

In this episode of the Decoding innovation podcast series, Pete Foley, an independent consultant, shares his insights on how psychology and behavioral science can be applied as a catalyst for innovation.
Podcast

Episode 19

Duration
36m 41s

Presenters

Pete Foley

Founder, Pete Foley Innovation LLC

How circular economy acts as an enabler to build sustainable societies

In this episode of Decoding Innovation, Keiran Smith, CEO and Co-Founder of Mr. Green Africa, discusses circular economy and how technology is changing the way plastic is recycled worldwide.
Podcast

Episode 18

Duration
39m 00s

Presenters

Keiran Smith

CEO and Co-Founder, Mr. Green Africa

Why a mindset shift matters for implementing circular economy

In this episode of the Decoding innovation podcast series, Helen Burdett, Head of Technology Strategy at the World Economic Forum, talks about circular economy as a vision for the future.
Podcast

Episode 17

Duration
29m 00s

Presenters

Helen Burdett

Head, Technology Strategy, World Economic Forum

How one startup is progressing toward commercialized nuclear fusion

In this episode of Decoding Innovation, Scott Krisiloff shares Helion Energy’s journey so far in creating electricity from nuclear fusion and the subsequent plans to commercialize this form of energy.
Podcast

Episode 16

Duration
24m 51s

Presenters

Scott Krisiloff

Chief Business Officer, Helion Energy