"EBC seemingly started the year strong after announcing a potential collaboration with Pedego last autumn. In February, the company formed a partnership with Integral Electrics, a female-led and focused maker of cargo e-bikes. More recently, Electric Bike Company launched a funding campaign through StartEngine.com, allowing investors to buy in and own a share of the company. When it closed, 94 backers had invested $171,400."
"This week's e-bike news includes ups and downs, with an iconic e-bike brand closing its doors, a battery tech startup looking to improve battery safety, and a new release from a premium cargo e-bike maker. The most prominent headline concerns Electric Bike Company, a California-based maker of highly customizable beach cruisers. The brand has filed bankruptcy and appears to be transitioning to a resource for e-bike safety."
"The Newport Beach, California-based Electric Bike Company (EBC) has filed bankruptcy following a gradual decline over the course of this year. The company previously had two production facilities, including a showroom/assembly facility and a separate paint shop, but recently downsized to a single location. As of the beginning of this week, the company's e-bikes were all listed as out of stock on its website. Its social media channels had either shut down or transitioned to a resource hub for e-bike information and safety."
Electric Bike Company, a Newport Beach maker of customizable beach cruisers, has filed bankruptcy after a gradual decline and recent facility downsizing from two locations to one. The company previously announced potential collaborations with Pedego and a partnership with Integral Electrics, and closed a StartEngine campaign with 94 backers investing $171,400. Its e-bikes are listed out of stock and its social channels have shut down or become an e-bike safety resource. Battery IQ is developing software to monitor battery health and warn users of safety threats and has reached its funding goal. Urban Arrow released a more affordable longtail cargo e-bike in Europe.
Read at Electric Bike Reviews, News, & Testing
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