TM sold out its share for the first time in 1955 to a businessman named, Ernst Kronreif and result he bought the major part of the company. As as result, the consortium was renamed to Kronreif & Trunkenpolz Mattighofen. In 1957, KTM launched its very first moped, the Mecky. Followed by Ponny in 1960 and Ponny II in 1962. Meanwhile, KTM also molded bikes for racing. Unfortunately, the major stake holder, Kronreif died in 1960 and so the founder of KTM, Trunkenploz in 1962.