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The eBike Revolution Powered by Crowdfunding

The E-Vehicle revolution has changes tremendously the way we think not just about electric cars but also about other electric powered vehicles. eBikes are great commute alternative that is much more affordable and ergonomic than eCars.

The eBike market is blooming. In fact, according to Statista, the market is expected to reach about 24.3 billion US dollars by 2025.

People around the world are embracing the concept of eBikes and look for the best alternatives out there. No wonder, crowdfunding has become the ultimate destination for eBike creators to showcase their innovative products and raise a lot of money and receive a good amount of pre-orders.

Many eBike projects have become a huge success with their crowdfunding campaigns, raising millions of dollars and positioning their products well in the global market.

The MATE eBike is one of the biggest success stories with $6,485,043 USD total funds raised.  The fact that the campaign was 4230% funded shows the tremendous interest of the crowds towards the product. The MATE, however, isn’t just a cool looking eBike – it is very practical and easily foldable, allowing you to easily transport it and store it at home.

SONDORS, on the other hand, offers completely different design, even though now there is available SONDORS Foldable to save space, the bike is much bigger than MATE. SONDORS’ crowdfunding campaign also was a huge success with $6,051,571 USD total funds raised. The eBike is available at a price of $650 USD, which is affordable for many.

The eBike Converters

But there are people, who look for other cheaper options. The demand for eBike converters is growing. Many creators see that as an opportunity and offer products that turn any given bike into an eBike. They also make it big in crowdfunding.

Last year we introduced to you the electric bike kit Eazy Bike, but this isn’t the only such product out there that has turned to be a crowdfunding success.

UrbaNext is the eBike converter that can turn any bike into an electric with a 30-mile range and a 20mph top speed in just 60 seconds. UrbanX has quickly surpassed its initial goal of $50,000 and has raised $634,472 by more than 1,200 backers.

In 2017, another eBike kit managed to get overfunded by raising $336,113 USD. Swytch is an all-in-one removable solution that converts regular bikes into electric ones.

The kits are easy to install and more affordable, which is why many people are more interested in a converter than in a whole bike. Whatever your preferences are, the choices are many, and crowdfunding has a lot to do with it.

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