Question 1

I want to congratulate you on this project! Cycling is picking up traction around the world and riding bicycles is becoming a tradition for many families. I like the idea of providing a service such as the subscription based model that will offer repair services and so forth. ...

Accepted Answer

Hi Guevara, Thanks so much for your question. We absolutely agree that cycling is picking up traction all over the world and electric bikes are introducing scores of people that traditionally were not cyclists to bikes. With equity crowdfunding, the investors receive a return on their investment once the company gets eventually acquired or goth public. Right now, we are focused on growing our market share and increasing the company's revenues and shareholder value. Eventually, as other compan...

Question 2

What is the average battery life? How is the battery charged?

Accepted Answer

Hi Richard, The battery is charged the same way that you'd typically charge a laptop. You have a simple charger that plugs into any wall outlet. Since the battery is removable, it can be easily charged on or off the bike. The typical battery life is about 750 complete recharges, which equates to about 3-4 years of regular use. After that, it continues to be perfectly functional, but the range declines somewhat (e.g. after 750 recharges, you can expect to get about 70% of the original range). ...

Question 3

What plans do you have to take EVELO public?

Accepted Answer

Hi Barbara, Thank you for your question. This is a tough question to answer with certainty. Typically, in our space, it is more common for companies to get acquired rather than go public - although either can happen. We will keep all of our investors posted on this. Best, Boris

Question 4

There are now hundreds of ebikes on the market. Some very sophisticated and some very average in build quality. There are even some very good E wheels out there......with all this competition why should I invest in this company?

Accepted Answer

Hi John, You raise a great point. There are competitors in this space and the technology itself changes and innovates every single year. As such, we believe that the technology itself is only half of the solution. We must continue to develop cutting-edge, affordable products but that alone is not going to be enough. I believe that our core strength and advantage is a nearly fanatical focus on developing a direct-to-consumer electric bike brand that delivers an exceptional experience to the cu...

Question 5

Can you tell me more about your broadening in Canada? Reason why I ask also due to recent events with the Canada and EU trade agreement. Do you have plans of opening shops in EU and UK as well?

Accepted Answer

Hi there! Absolutely. The trade agreement should not have a material effect on our international expansion. We are looking to start with Canada, given that our headquarters are in Seattle and it would be fairly simple for us to expand with an office in Vancouver, BC and serve the Canadian market from there. Since we're a direct-to-consumer company, we do not necessarily need to open physical stores to be present in a market. We do, however, need an office and warehousing operations, but those...

EVELO

Smart electric bicycles, sold direct to the consumer

$730,722

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EVELO

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$730,722

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