DEMO.com > Pi Mobility

Pi Mobility

Conference: DEMO Spring 2010
Market Segment: Consumer Devices
Funding Amount: $1,000,001-$5,000,000
Funding Round: Angel
Funding Details: We seek $1 million in seed funding to finance our initial production run, hire key staff, establish distribution and create infrastructure, and launch and promote the product.
Competitors: Currie, eGo, Giant, Panasonic, Sanyo and Ultra Motor are electric bike manufacturers. KTM, Piaggio, Vespa are moving toward offering electric and electric hybrids. Brammo and ZERO are newly launched e-motorcycle brands.
Product Description: PiMoto is a two-wheel drive light electric motorcycle with a 30-mph speed and 100-mile range. PiMoto's unique patented arched "backbone" design delivers superior performance, durability, and cost, and invites higher battery volume on balance to vehicle size, offering industry-leading range and performance. Pi's patent-pending functionality isolates and protects the in-tube batteries while Pi's patent-pending propulsion system doubles efficiency, reducing battery weight and cost by 50%.
Market Opportunity: Electric bike adoption reached 125 million units worldwide in 2009. Global electric bike sales revenue will exceed $60 billion through 2011. More than 466 million electric bicycles and motorcycles will be sold worldwide during the period from 2010 to 2016. The annual global motorcycle market is currently 80 million units/year.