WaveArray Mobility

KickStarter Projects

2019-11-12

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Kickstarter offers large discounts but beware scams*

Many Scooters have gotten their start on KickStarter, like Unagi, which ran a successful campaign that closed last year (August 2019) 323 backers pledging $242,263 on a $50,000 goal, obviously more than met. Unagi went on to become one of the most popular brands, establishing sales and distribution arrangements with Nemian Marcus and Nordstrom.

Another interesting project that seems to have successfully gone from incubator to commercial release is Cycleboard which has an impressive line-up of on-road and off-road three-wheel scooters. Give them a look if you are in the market for a premium (around $1500) machine.

But, one must also be careful. As a cautionary tale this project - MiniFalcon on IndieGoGo seems to be a good example of what can happen to a project when founders disappear and investors are left holding the bag.

For those of you who like to read about what can go wrong when investing on KickStarter or IndieGoGo, take a look at this Reddit Thread. In Reddit speak, the TLDR (too long didn't read) is that funding pledges are just that, pledges, and not neccessarily orders. There are many ways the project founders can redirect the funds to R&D, or simply forego the early backers and go straight to retail.

That being said, there are a couple of scooters, particularly on KickStarter, where Unagi got its start, that we think are worth mentioning.

The Raine One Electric Scooter Raine One is currently the fundraising leader with a total of about $438,000 raised. They are offering the scooter, which is expected to come out this May (2020) for a discounted price of $979, which according to their page, represents a discount of 35% of the suggested retail price. This 30 mph+ scooter offers a nice combination of extended range - estimated at 24 miles - all with a low low carrying weight of 26 lbs.

We will keep reporting on interesting projects as we go through 2020, stay tuned.

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