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Revolutionary Electric Bike Company
This seven year old company has developed a revolutionary, four model line, of high performance electric bicycles (e-bikes) featuring its patented G3 Electric Drive System. The G3 Drive directs the power generated by a standard electric motor into a transmission, or gears, thereby increasing torque( acceleration) by 100% and efficiency (range per charge) by a minimum of 35% over any existing e-bike. In December of 2007 the Company received a significant order for its mass market, World Bike model which can be manufactured for under $200 per unit. Sales of e-bikes have risen rapidly over the past few years, principally in China, where an estimated 15,000,000 units were sold in 2007. However, this rapid growth has attracted more than 300 Chinese manufactures resulting in intense competition and correspondingly low profit margins in that market. By far the most prospective, and potentially lucrative, e-bike market in the world is the U.S. with 2007 unit sales estimated at only 150,000. The four founders of the Company have, combined, more than 35 years experience consulting to the electric vehicle industry and believe the Company can produce $ 100 million in revenues in year five after funding.
