This Coimbatore entrepreneur has launched India's first crowdfunded electric bike
India's first crowdfunded, eco-friendly electric bike, Spero, was launched recently. The bike has been designed by 38-year-old, Coimbatore-based Manikandan who has been working on the project for the last three years. Three models of the bike are set to be released. Manikandan has been trying to raise money through a campaign on an online crowdfunding platform. People who have funded the project have been given the option of purchasing the e-bike via the website.
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According to a report in India Times, Spero is an electronic eco-friendly bike that can travel about 30 km on a single charge. The more expensive models of the bike can run up to 60 km and 100 km on a single charge. The bike has 5 gears in the electric mode and can do 0-25 kmph in 10 seconds. The best thing about the e-bike is that it charges itself as the rider pedals. Although the battery of the bike comes from Samsung and the motors and tyres from partners in Korea, the rest of the materials have been sourced to make the bike come from India, making it a mix from both worlds. Spero runs on a 48V Li-ion battery, comes with a one-year warranty and charges from 20 to 80 per cent in four hours. Along with that, the bike has cruise control, digital speed display and a battery charge indicator.
The e-bike has a target set for Rs 30 lakhs on the crowdfunding website. The bikes will be available for pre-order soon and will range from Rs 29,900 to Rs 50,000.