New electric bike, new risk: startup asks for more funding
After an earlier fundraising round, the young company is back seeking capital for another model that may never reach customers.
A U.S. electric motorcycle startup is asking for fresh investment to develop a new model, even though it has already promised backers a previous bike that has still not been delivered. The move puts a spotlight on the shaky ground many green two-wheel ventures face.
For Italian readers, the takeaway is simple: electric motorcycles have strong appeal, but between prototypes, delays and development costs, the line between industry project and gamble remains thin.