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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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Answers (3)
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DeerGuard Fence Systems
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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Business owner/Entrepreneur
Dallas County, TX

Jerry, I would be interested to take a look at your e-bike idea..I have a close friend who is a bike enthusiast and have built a bike from scratch..I m an investor and together we might be able to do you have any drawings and stuff..? I can sign an NDA if needed..I can be reached at:

Jan 11, 2011
Buy-a- Company

Jerry, my input is this. Take it for what it's worth. It's meant to be constructive criticism.

I would never invest in an entrepreneur who uses the word "can't".

And a huge red flag waves whenever someone says they don't need advertising; that their product sells itself. Please tell me the products in the world that are successful without advertising.

And, if a person can't raise $3000, they most likely lack the skills I would seek in running a company.

Do what it takes to get the $3000. Build the bike. Take some orders. Reinvest the profit. Then, things will fall into place. If the model works, you can easily get investors.

Good luck, and go for it!

Jan 11, 2011

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