Earlier this month, Storm Sondors launched a new crowdfunding campaign on Indiegogo to raise funds for his updated product the THIN Electric Bike. This is the 3rd crowdfunding campaign for Sondors, the first one on Indiegogo gained national notoriety for a lawsuit filed by Agency 2.0 as Sondors allegedly refused to pay a contractually agreed upon bill for marketing services provided. Sondors then found success on Kickstarter but has now returned to Indiegogo once again.
The bicycle is described as an “eye-catching beauty” that supposedly will reinvent eBike transportation by integrating impeccable components with clean lines and sleek design. Sondors and his team stated:
“We’ve upgraded the battery to a Panasonic single-cell battery (technology proven in the Tesla Model S) and made it ingeniously simple to use. With an effortless push of a button, you’ll be gliding along without lifting a toe. And, when you reach your destination without breaking a sweat, you’ll find THIN extraordinarily convenient and portable, allowing you to roll into the office or bike rack with the utmost of ease.”
The Sondors THIN ebike is reportedly packed a 350W motor and weigh only 4.2 lbs (due to the ultra-light 100% aluminum frame). What makes it stand out even more? The price. Backers may purchase the bike $499. Upgrades range from $649 to $664. Shipping is said to commence as early as May 2016.
Since its launch, Sondors THIN ebike has successfully secured nearly $670,000 from over 1,000 backers, capturing the bulk of this amount ($449,000) in under 72 hours.
Sondors rocketed into the crowdfunding space earlier this year and closed at over $6 million on Indiegogo. The Sondors eBike is Indiegogo’s 2nd most funded campaign of all time. The success of the Sondor‘s bike was driven in part by Agency 2.0 and their committed assistance to make the campaign a financial success. In a twist of fate, Sondors decided to renege on a signed contract with Agency 2.0. It was then revealed that Agency 2.0 filed a lawsuit alleging contractual fraud.
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