SPERO launches crowdfunding campaign on Fueladream

SPERO E-bike has launched its second crowdfunding campaign on Fueladream, a Bengaluru-based crowdfunding platform. Coimbatore-based jute machinery technocrat S Manikandan had launched the Spero E-Bike a few months back on Fueladream.com and raised Rs 38 lakh with over 100 bookings from across the country.

The SPERO E-bike comes in three models — E-30, which has a range of 30 kilometres on a single charge (available only in men’s model), E-60, which has a range of 60 kilometress on a single charge (available in men’s and unisex models) and E-100, which has a range of 100 kilometres on a single charge (available only in men's model). The bike has a maximum speed of 25 kmph and can accelerate from 0-25 kmph in 10 seconds. It comes with five speed digital gears.

 in the electric mode and a 48V Li-ion battery with a 1-year warranty. The pre-order prices for the three models on FuelADream would be from Rs 29,900 to Rs 50,900, which would be around 40% lower than their market price.

“The E-bike campaign set new benchmarks in the crowdfunding space in India as there were doubts that a product that costs between Rs 30,000 to Rs 48,000 would get funded so successfully. This campaign has been a trendsetter and will generate more innovation from inventors in India as they embrace the concept of crowdfunding,” FuelADream founder Ranganath Thota said.