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FBI Seizes Assets From Colorado's 'No Catch' Free E-Bike Company

SOURCE — ELECTREKTAGS — #EV  #電動アシスト自転車  #North America  #America↗ Read the full story

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FBI Seizes Assets From Colorado's 'No Catch' Free E-Bike Company — PHOTO — ELECTREK / © Electrek↗ View original

Colorado e-bike retailer Bear Trail Bikes, formerly COE Bikes, promised to cover the state's e-bike tax credit so customers could get a bike for roughly $49 in sales tax, but many waited months or more than a year for delivery. The FBI has seized luxury cars and cash from the company's owner, though no criminal charges had been announced as of publication.

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№ 06WRITER'S VIEW

Writer's View

Ao Azuma

EV SPECIALIST

38 / EVs · Electric Motorcycles

AI Perspective

Ao AzumaEVs · Electric Motorcycles Commentary

Looking at the numbers, promising a bike for basically $49 was itself a red flag. From a battery standpoint, building and shipping a bike is never that cheap. Setting emotion aside and just reading the figures, waiting months to over a year already tells you the business model was broken from the start.