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APT MotoVox Group Inc. announced Friday that it acquired MotoPed, a startup company with a product that combines a downhill mountain bike, a motocross motorcycle and a moped.
Kansas City-based APT MotoVox (OTCBB:MTVX) is a manufacturer of powersports vehicles and performance components for small engines. The company went public through a reverse merger earlier this year.
ATP MotoVox paid $200,000 in cash for MotoPed, with $50,000 paid immediately and $150,000 due on or before Oct. 31. During 2014,…