India’s First Crowdfunded Electric Bike, is set to electrify again!

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. The first campaign raised 38L INR -125% of its goal with 100+ bookings from across the country.

Aug 30, 2016 12:08 IST India Infoline News Service

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. The first campaign raised 38L INR -125% of its goal with 100+ bookings from across the country.
 
S. Manikandan, the 38-year old MBA, has been working on this project for more than 3 years & just launchedhis 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.


 
You can read about the first success story here - https://www.fueladream.com/home/campaign/125
 
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.
 
Here is the link to the 2ndcampaign - https://www.fueladream.com/home/campaign/303

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

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