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i have a e-bike idea but i cant get the 3000$ to get the first one done,i know they will sell,what do i do

My idea has taken the bicycle and redesigned it, im a former hot rod builder.
The bikes will all be hand built. American made and built E-Bike. These are not kiddie bicycles. but rather a "mans bike" I wont need much in advertisment, they will sell themselves.
I need either a angel invester or someone intrested in buying the first one.
I have a location and most of the tools. I have researched this idea for well over a year now, and i pray for the day i can roll the first one out and start taking oders.
I dont want to deal with any banks, or loans that i cant honestly pay back. although these are american made, and are not cheap. average price would range around 3700$
Then it could be taken to a car/motorcyle show and it would fit right in.
I could use anyones input

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DeerGuard Fence Systems
Owner
Dutchess County, NY

The e-bike field is littered with the corpses of well-meaning and much better financed companies than the one you're proposing--see Lee Iococca, Wavecrest/Tidalforce, and Currie for starters. Some had millions of dollars of R&D and marketing behind them and still went belly up within a few years. Optibike in Boulder CO is the exception; they sell a limited number of very high end e-bikes for top dollar--most between $9-13K, so you already have an established player with a good track record as competition at the high end. It's unclear to me whether they're yet profitable but at least they're still in business after about 5-6 years.

In the $3-4K market, there are already a number of serious contenders--E+, Kalkhoff, Pedago, etc., with more coming on line every month--see Schwinn, Trek, Giant.

I'd suggest you spend as much time studying the e-bike market in the US as you've spent working on the bike itself to date; you may be surprised how limited the real market is for e-assist bikes in this country. (I am a personal e-bike enthusiast and have been riding them since 1999; I've also looked into trying to turn it into a profitable hobby but have discovered this is easier said than done.) Even e-motorbike companies are struggling with sales in this economy--see Brammo in Oregon for one.

Don't mean to be discouraging but realistic; do your homework and you may end up agreeing with me.

Jan 12, 2011

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