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3D-printed carbon e-bike crowdfunds $1m in 24 hours: The real deal, or another SpeedX?

3D-printed carbon e-bike crowdfunds $1m in 24 hours: The real deal, or another SpeedX?

Written by David

July 17, 2020

When it comes to finding new tech, crowdfunding campaigns are a hotbed of opportunity for entrepreneurs and consumers alike. The social – and occasionally viral – nature of crowdfunding provides an opportunity for start-ups to amass capital quickly and for consumers to back new ideas, usually in exchange for early-bird discounts and first access.

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This can often be a roaring success. Cycliq and Litelok are both household brands that have utilised Kickstarter to a successful end. However, the system can occasionally go awry. As detailed in no fewer than 9,000 words by our friends over at Cyclingtips , SpeedX is one company that crowdfunded its way to an astronomical rise before falling even faster. The first round of crowdfunding […]

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