India’s first Crowdfunded SPERO E-bike is ready to revolutionize the way

India Infoline News Service | Mumbai | September 21, 2016, 12:10 IST

Both the campaigns raised more than INR 55Lakhs+ with more than 140 bookings from across the country.

After a blockbuster first round of crowdfunding, the Spero E-Bike is back, on popular demand! The SPERO E-bike is ready to revolutionize the way we look at personal travel. Coimbatore based jute machinery technocrat, S. Manikandan launched the Spero E-Bike a few months back on the crowdfunding platform, Fueladream.com and received an amazing response. Both the campaigns raised more than INR 55Lakhs+ with more than 140 bookings from across the country.
 
S. Manikandan, the 38-year old MBA, has been working on this project for more than 3 years & just launched his 2nd crowdfunding campaign on Fueladream – the Bengaluru based crowdfunding platform, which curates and presents unique ideas and innovations of this kind. Besides just contributing to this project, the Funders can pre-order the SPERO E-bike through Fueladream.com.
 
Ranganath the Founder of FuelADream says, “The E-bike campaign set new benchmarks in the crowdfunding space in India as there were doubts that a product that costs between INR 30 K to 48K would get funded so successfully. This campaign has been a trendsetter and will generate more innovation from inventors in India as they embrace the concept of crowdfunding “
 
Manikandan, the MD of Milltex Engineers says, “The response has been remarkable from our first campaign. Lots of people came up to contribute even Rs. 100 as a token amount, because they were so excited about the idea. The best feedback came from an old farmer who called me and said his son gifted it to him. He said his son would never have bought it unless he liked it.The experience I gained through years in the factory has given us the knowledge and expertise with handling machinery and sourcing materials that work best with this e-bike. We’re delightedto have built a high-quality e-bike, that is finding such acceptance through the crowdfunding model. The 2nd round of crowdfunding will benefit those Funders who will gain confidence from the success of the first.”
 
It is made with a judicious mix of locally sourced materials and local ingenuity, & key imported components – the battery comes from Samsung, the motor and tyres come from partners in Korea.

FACTS & FEATURES

Comes in 3 models
  • E-30 – Has a range of 30 kms on a single charge (available only in Men’s model)
  • E-60 – Has a range of 60 kms on a single charge (available in Men’s & Unisex models)
  • E-100 – Has a range of 100 kms on a single charge (available only in Men’s model)
Speed – 25 kmph max

Acceleration - 0-25kmph in 10 seconds

Gears - Comes with 5 speed digital gears in the electric mode

Battery - 48V Li-ion battery with a 1-year warranty.Charges from 20 to 80% within 4-6 hours.

Weight – All bikes weigh between 25kgs – 26 kgs (with the battery)
  • Battery weight of E-30 – 2.7 kgs
  • Battery weight of E-60 – 3.4kgs
  • Battery weight of E-100 – 3.7kgs
Detachable battery for ease of charging

Charging - From a regular 5amp socket like your Smartphone!

Ease of use - Standard bicycle parts (Tyres, cables, mud/rear guards) can be used on the SPERO

Tyres – Imported from Korea

Advanced features - Pedal assist & regeneration

Cruise control

Front shocks & disc brake included

Available with headlights

Password protection

Fits into all bike racks

No driving license required

No insurance required
 
While this is a unique product, care has been taken to make sure that it would be easy to get spares and to be able to use extra features and accessories of regular bikes. Keeping the basic frame of the bike similar to a standard cycle facilitated this. Hence one can easily get a tire replacement, use regular bike locks, bike racks, rear splash guard options etc. The e-bike is available in funky and exciting colors.
 
The pre-order prices for the 3 models on FuelADream would be from 29,900 INR to 50,900 INR, which would be ~40% lower than their market price!To know more about the 2ndcampaign or to fund this initiative, you can visit https://www.fueladream.com/home/campaign/303
 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.