Exploding Hoverboards Cause Havoc for Some Products Shipping from China

Ravean GlovesExploding “Hoverboards” are everywhere in the news these days. Craptaculous products by manufacturers with questionable quality control have placed the entire sector under scrutiny.  Recently an apartment in Hong Kong was torched by a combusting Hoverboard leaving residents homeless. The Lithium battery “exploded several times”.  The UK  impounded Hoverboards at the port of entry – earlier this month.  These unstable products (some hoverboards or gravity boards have been crowdfunded) are not only impacting any and all manufacturers of the electrically powered boards but questions regarding lithium batteries are now challenging other products

At least one crowdfunding project has suffered from the vigilance of custom authorities.  Ravean, creators of heated coats, reports that Hong Kong authorities have impounded all products with lithium batteries inside:

“About a 10 days ago, several Hover Board battery shipments blew up in Hong Kong at the airport. Because of this incident, CAA, DHL, FEDEX China Customs, and etc. have seized ALL goods that have a lithium battery inside. They seized several hundreds of our goods. But don’t fret, we have recovered most of them.”

Ravean, one of the most funded clothing campaigns on Kickstarter ever, is now scurrying to find alternatives by shipping directly from China. We wonder how many other shippers are feeling the Hoverboard pain.


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Disclosure Quest

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 28, 2026 vs Jan 1, 2025 - Oct 28, 2025

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Number of Filings132Prior 127 +3.9%
Target Raise, Total$3.44BPrior $3.54B -2.9%
This YTDYear priorChange
Filings 132 127 +3.9%
Target raise $3.44B $3.54B -2.9%

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Source: DisclosureQuest. Initial Form 1-A only.

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