ElectraSpeed LLC
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Date of Foundation
1905

ElectraSpeed LLC

Revolutionizing Motorcycles with Hybrid Technology

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The Idea origin story

ElectraSpeed LLC is set out to revolutionize the motorcycle industry by transforming conventional motorcycles into efficient, affordable hybrid models. We're addressing issues of environmental degradation through emissions and noise pollution from standard bikes while providing an economic solution for enthusiasts. Unlike fully electric options, our hybrids overcome limitations in range and flexibility with updateable parts and software. Our mission is not just about building bikes but reshaping transportation towards a more sustainable future.

The Mission

"To revolutionize transportation by transforming conventional motorcycles into sustainable, affordable hybrid solutions."

Clients

Motorcycle owners, bike shops, green energy advocates, urban commuters, OE manufactureres, local governments

Problems we solve

Client’s problem

Your startup can potentially solve several environmental and practical challenges such as reducing carbon emission, noise pollution and energy consumption. It also addresses a gap in the market for upgradeable, cost-efficient hybrid motorcycles which hold promise for longer battery life and improved functionality compared with fully electric models. Local governments could use your solutions to meet their climate action goals while motorcycle owners would have an affordable option to make their rides more sustainable. Furthermore, you're providing businesses like bike shops and OE manufacturers new revenue streams with your innovative model conversion kits/services.

Confirmation of problem

motorcycle pollution significantly contributes to environmental harm, yet sustainable and affordable alternatives are lacking.

Solution

Creating a retrofitting kit that easily converts conventional motorcycles into hybrids. Providing cost-effective, eco-friendly alternatives for bike owners.

Our technologies

This solution is based on technologies

Electric powertrain, Hybrid technology, IoT for remote updates, AI & Machine Learning for predictive maintenance.

How it works

The existing motorcycle's rear wheel hub is being revamped with the power-driven ElectraSpeed hub.

Value for the client

Riders gain flexibility with hybridized motorcycles. Enjoy electric mode in cities, ICE engine on highways. Self-charging hub increases range.

Market and strategy

Market size

130000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

24

% of the market

Is our goal in the next 3 years

Team

My name’s

Jeff Witters

My key role in the product

My key role is Founder and I'm responsible for strategizing, leading the team, fundraising, product development and making major decisions.

Team size and key members

Consider adding a skilled CTO for tech guidance, a savvy CFO for financial strategy, an experienced COO for operations, and a savvy marketing director.

Competitors

Competitors

Additional potential competitors can include Alta Motors, Cake, Kymco and BMW with their C evolution electric scooter. These companies also focus on sustainable motorcycle solutions.

Our Advantages

Capitalizing on existing motorcycles, we champion sustainability and curb wastage. Our solution stands as a testament to environmental friendliness offering unparalleled ecological responsibility.

Business model

MSRP of $2500

Traction

Elevating our MVP to a top-tier product, we've embraced feedback, refined features and advanced usability. Experience perpetual innovation tailored for your needs!

Our company is making strides in advancing mobility, successfully developing a revised motorbike prototype for modern riders. Forward-thinking design meets functionality, pushing boundaries and redefining two-wheel commuting.

Metrics

In the pursuit of becoming a unicorn startup, adroit utilization and understanding of product metrics is integral. Track user engagement, churn rate, customer acquisition cost & lifetime value to optimize growth strategies. Remember - what gets measured gets managed!

Currently self-funded, we've strategically invested $65K to date, laying a robust foundation for our startup.

Incorporation

Our company incorporated in

South Carolina

Key risks

Main risks could include potential regulatory changes, slow adoption by consumers, competition from bigger automotive companies entering the market, technological complexities in converting conventional motorcycles into hybrids and managing high development costs.

Investments

$

65000

We raised investments

Our Investors

Self funded

Rising Investments

$

500000

Currently, we are raising investments

$

200000

Estimated pre-investment valuation of the company

Request additional information

We’re looking for a co-founders

Open positions

Article

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Additional information

We offer a retrofit solution for vintage motorcycles to lower engine speed, reduce highway emissions without needing powered motor hubs. Ideal choice for bikes lacking overdrive component.

ElectraSpeed LLC
MVP
Date of Foundation
1905