Conscious Commuter seeking $1.5M for e-bike
By Christina Williams
Sustainable Business Oregon editor
Conscious Commuter, the company making a fold-up electric bike for commuters, is aiming to raise $1.5 million in debt financing.
Fold up electric bike designer Conscious Commuter is looking to raise $1.5 million debt financing, according to paperwork filed with the U.S. Securities and Exchange Commission.
In October, the Portland company was selected by Lexus as a finalist in a design competition. Conscious Commuter was beat out by its competitor — a Los Angeles-based company with a standup scooter design — in that match-up, which would have netted $25,0000. The company raised $25,000 on the fundraising website Kickstarter last year.
In June, Drive Oregon announced it would provide $44,100 in a commercialization grant to support a electric bike demonstration project, supporting a partnership between Conscious Commuter and the Oregon Transportation Research and Education Consortium at Portland State University.
BikePortland.org reported in October that the first 50 Conscious Commuter frames were rolling off the line at Zen Bicycle Manufacturing, which opened late last year in part to support bike design startups.
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