Our success relies on word of mouth from a crowd of people who value what we offer the world. That's a daily fact, right? Stage 1 The first stage of this development was a partnership with to provide a robust e-assist system for all of our 406 wheeled bicycles the , , , and. The vast majority of Bike Friday owners are Baby Boomers, many of whom have the same needs as Nickie - keeping up, help on the hills, avoiding overexertion, plus wanting to ride farther and more often. There are smiles on our faces and tears in our eyes to see such strong support for what we are offering at Bike Friday. We would use part of the proceeds to hire one additional engineer. If you believe in American Made, a product that helps the environment, and empowering female leaders then this is your opportunity to join something big and make a difference in the world all while doing something that also benefits you personally.
We need to be fully capitalized in order to take full advantage of the current significant market opportunities. Below is an interesting article to share on becoming a folding bike convert from a recent Bicycling Magazine post: Thank you all for your continued support. Human scale, health enhancing, highly social, low global impact, extremely economical, low maintenance, approachable, and friendly. We want to find a way to effectively channel that energy and to make sure that your insights are put to use.
The first step we have taken is creating a new forum, in the form of a Google Group called the Bike Friday Influence Pedalers, where you and other investors can participate in discussions surrounding Bike Friday and collaborate with us on how we can become an even better company. We believe customers are the main purpose of a company. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. So far each time we make a spot in production to add another Haul-a-Day a customer or dealer has called up and bought the bike before it leaves the production line.
These offerings are made through StartEngine Crowdfunding, Inc. Bike Friday has over 30,000 bicycles out there on the road, and less than one hundred currently have e-assist. Manufacturers are often associated with pollution and waste. The amount of boost is determined entirely by the rider, with 4 levels in total.
Customers have been happy with them and we have had to turn away many customer this year who we could not deliver fast enough for their needs. These securities are offered under an exemption from registration; however, the U. Our expectations of reaching these sales levels depends on our raising enough capital to finish the testing and development. We could not have guessed how quickly our campaign would kick off, we're so thankful to all 44 of the investors who've brought us this far. Professional photographer and pakiT owner Aaron Lim takes his pakiT with him to photo shoots all over the world! Many people don't even know about the campaign yet.
I hope, even if you sell the company, that your commitment to the planet through bikes never wavers. Here's an of all the current stages of development of our e-assist offerings On fire! Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration. As we continue to test and refine this new mid-drive system we will be sure to keep you posted with updates as to its release schedule and plans.
To read, study, listen, share, test, and record. It is a great evolution from the Brompton and Tikit. I even bought my son a bike for his sophomore year in college at Oregon, because he is living in an off-campus apartment. We always test new products on ourselves first, we love being guinea pigs! This continues to prove there is a large opportunity to increase our sales to customers and dealers who need immediate delivery as long as we have bikes ready to ship in a week or less.
One challenge of our current business model is that we rely on the upfront deposits of customers as our working capital. Just yesterday we went out to pick plums, we were able to pick 55 lbs. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. What kind of world will they inherit? We did not begin with a large infusion of investment capital or the benefits of 18 month lead times like most of the bike business. To learn more about becoming a beta tester for Bike Friday fill out this.