An innovative electric bike in India was funded by crowdfunding

An innovative electric bike in India was funded by crowdfunding

Introduction

Creative crowdfunding is an excellent tool for raising startup capital for a new project. Its unique structure allows for a wide range of ideas to be funded. Regardless of your niche, crowdfunders can help you test the market for your product before launching it. Another benefit of this method is that you can validate your idea with a pre-sale of a product. With a pre-sale, you can gain a valuable audience to support your venture and help you achieve your goals. 

Creative crowdfunding is becoming a popular option for new businesses

This type of financing allows creators to focus on launching a product or service without raising a large amount of money. It enables subscribers to become a part of the creative process by seeing special content. By leveraging the power of the crowd, crowdfunding platforms such as O-Bless, Fueladream can increase the chances of success. 

Fundraising can help you fund your dream

If you have a unique, innovative idea that would flourish, group fundraising is an effective method for artists and creators to reach their goals. O-Bless is the most popular crowdfunding platform that makes it easier to promote your project and get the visibility it needs. With a crowdfunding campaign, you’ll be able to raise money without having to worry about any of the logistics. With a little bit of help, you can get the funds you need to make your dream a reality. 

Benefits of creative crowdfunding

Regardless of your niche, crowdfunders can help you test the market for your product before launching it. Another benefit of this method is that you can validate your idea with a pre-sale of a product. With a pre-sale, you can gain a valuable audience to support your venture and help you achieve your goals.

First eco-friendly bike to crowdfund

The SPERO is one of India’s first eco-friendly electric bikes to crowdfund Manikandan, an MBA graduate from Coimbatore, has worked on the SPERO project for three years and was launched in India in 2017. 

Crowdfunded through a Fueladream site

The bike costs anywhere from 30 to 48K in the Indian market. It is available in two models – the standard one has a range of 30 km, while the advanced model can run up to 100km on a single charge. It is also compatible with a carrier, ideal for courier boys.

The co-founders had already developed a prototype ready for launch in the country. The model for the delivery of goods can also be fitted with a carrier. 

The co-founders of SPERO have spent three years developing an eco-friendly electric bike but lacked the funds to launch it. They partnered with a crowdfunding site called Fueladream, which was attracted to the concept of an electric bike, which is an alternative mode of transportation in India. 

SPERO is an eco-friendly electric bike 

It is produced by Milltex Engineers in Coimbatore. The company raised funds through crowdfunding. SPERO has raised INR 38,650 from 102 backers with nine days to go. 

The SPERO e-bike has an impressive range of up to 100 km

It is manufactured in Coimbatore using a South Korean motor and tyres originally designed and developed by the team in Korea. In addition, the SPERO e-bike is made in Coimbatore by local artisans. 

The SPERO e-bike has become a hit in India

The SPERO e-bike offers 100 kilometers of range on a single charge, which is more than enough to cover a typical commute. The e-bike is designed to be fun, safe, and environmentally friendly. With a total of 2,000 bikes on sale, the company plans to deliver the first 50 bikes within the next month and then the rest of the e-bikes over the next two months.

An innovative electric bike

The SPERO e-bike is a green and healthy way to get around the city. It is built in Coimbatore with local components, though Samsung makes the battery.  

Conclusion

Crowdfunding for creative projects is a great way to spread the word about your business. An innovative project needs funding, and the right platform can make a difference. By utilizing the right tool for the job, you’ll be able to make your dreams come true. By using the right tools, you’ll be able to promote your project. This is the key to success in the crowdfunding process.

It is important to map out the creation process when planning a creative endeavor. Think of challenges along the way. Unlike the early stages of a project, crowdfunding allows creators to offer a range of rewards, from concept sketches to prototypes to a shout-out in a newsletter. With a little bit of planning, you can sell a product worldwide. This can provide early feedback, which is especially valuable if you’re trying to raise funds for your project.

O-Bless is a crowdfunding platform that helps people create impactful change with effective campaigns and inspires people to support a cause. It will benefit people who need money but don’t have access to other funding sources. It is intended to help nonprofit organizations, startups, and innovators to showcase their products and services. Through this platform, individuals can make micro-investments

in businesses and startups. This way, people can give without spending a cent. ONPASSIVE’s O-Bless allows entrepreneurs to operate financially despite their lack of capital.

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