Curios why there hasn't been any income for the last 3 months?

Thanks for your question Wade - we are pre-revenue, as we've just introduced our drive. Wefunder investors will help support our entrance into the market.

What interest rate is associated with this round of Convertible Notes?

Hi Dave. The interest rate is 5% compounding over two years with a 25% discount. Thanks for your question!

Can you comment on competitors, in terms of efficiency, reliability and cost, please?

Thanks for the question Enrico, I’ll hit your questions in order: Efficiency - our drive system is performing at over 80% efficient. Most e-bikes sit between 65 - 75% efficient, meaning if you put a single watt of power IN, you get about .65 watts OUT to the back wheel. Reliability - The bevel differential drive has been used for 25 years in hybrid vehicles and we expect our drives to be as reliable as a Toyota, Ford, or Stellantis hybrid vehicle with the same drive system. We expect maintena...

What is the highest and lowest gear this device can achieve? For more context, an issue I've observed with ebike drivetrains (especially on the higher end class 3 bikes that can go 28mph, but also mass market bikes like those from Rad) is that the highest gear provided is not ...

Thanks for the question Tim. The Orbit Drive outputs 2:1 at the lowest gear, and 4:1 at the highest. And the drive does solve for your use-case. The bevel differential gearing allows the rider to choose a cadence (just get on and pedal) AND an assist level (how much you want to work). So you decide. Want to ride with little effort? Just press UP the assistance. Want to get some exercise? Press DOWN the assistance. Infinite gears accommodate your desired assistance at all speeds (per your loca...

Hello, 1) Shaft-driven bicycles where first introduced in the 1880s but are very rare. You do see shaft-driven motorcycles but they are less common than chain-driven motorcycles. Why aren't shaft drives popular and what are you doing differently that is going to make them catc...

Hi Felix, thanks for the questions. Our drive system works with a chain, belt, or shaft drive. The shaft drive is a premium product and has a few benefits over the chain and belt; it is slightly more efficient and it allows the complete drive system to be enclosed. Why aren’t there more shaft drives? They are more difficult to manufacture and have only recently been made with materials that makes their weight competitive. We expect OEM bike manufacturers to gravitate more toward chains and be...

Driven

Driven is bringing cutting edge automotive technology to the fast moving e-bike market.

madebydriven.com

Boulder, CO

B2B Hardware Transportation Sports Tech

What Investors Say

Heidi Jennifer Fly Christensen

LEAD INVESTOR

Invested $50,000 this round + $700,000 previously

There are many reasons why CeramicSpeed believes this company has a high probability of success. Driven has created an e-bike drive system that is destined to disrupt the e-bike industry. Their drive system eliminates the complexity and maintenance of a chain and derailleur configuration. This beveled gear system is surprisingly simple, reducing the gear-count, making it light weight and accommodating both manual and continuously variable shifting modes. The system is also one of the most efficient configurations on the market. This direct drive configuration is up to 20% more efficient than other e-bike drive systems - this translates to better battery range and a high sustainability factor. Another differential advantage is that since it is a sealed unit, the drive system is virtually maintenance free and will need lubrication only after thousands of miles. The Driven drive system is based on road tested technology that is currently in use in many hybrid automobiles and is protected by Driven through a patent portfolio specifically tailored for e-bike/cycling applications. The simplicity of the drive system also makes it cost effective to manufacture. We believe that Driven can offer a superior product that competes with high-end e-bikes resulting in a high margin business model and quicker timeline to profitability. Furthermore, this system is OEM-friendly with a single bolt on solution. The e-bike market is exploding, with sustained growth of over 12% year-over-year. And finally, the management team at Driven has met all its deadlines and has already produced three rideable prototypes. This system is proven and ready to launch. Bringing on Brian Baker and Jason Wolf to augment the founder and inventor Jason Smith has been a boon to the company. Mr. Baker has great startup and manufacturing experience, Mr. Wolf brings Fortune 500 experience and M&A to the mix, and founder Jason Smith is bike industry veteran with several of his inventions at market today - this is his latest brainchild and we believe it to be a winner. For all of these reasons, we feel that Driven can positively transform the e-bike and mobility markets, and that’s why we have decided to be lead investor.
Note: Driven was spun out of CeramicSpeed in 2020. CeramicSpeed is the majority stockholder in Driven.

What People Say

Driven

Quick facts

Team profiles

Featured investor profiles

$145,200

What Investors Say