Posted by Jonathan Maus (Publisher/Editor) on October 3rd, 2014 at 3:02 pm
(Photo by J. Maus/BikePortland)
I’ve been gathering news tidbits about local bike companies for several weeks now and since today is National Manufacturing Day, I decided it was time to put it all together into a roundup.
So get comfortable and read the latest news about Portland’s always-changing bike-related industry…
EcoSpeed raises $75,000 and counting in successful Kickstarter campaign
Southeast Portland based EcoSpeed has been making top-notch, American-made electric-assist bikes for over 10 years. Their product allows you to turn just about any bicycle into a zippy e-bike. Brad Davis (GM) and Brent Bolton (owner) are literally powering a revolution in bicycles and personal transportation.
But one challenge of their product and business model is that they make each unit by hand, one-at-a-time. This means the cost is high and it’s hard to expand with demand. They launched a Kickstarter campaign last month to raise $75,000 in order to create a “true production line” where they can build in batches of 50 units.
Thanks to the enthusiastic and inclusive (they fit almost every type of bike imaginable) spirit displayed in their Kickstarter appeal, Brad and Brent have blown past their goal and are currently well over $87,000 raised!
Congrats to the entire EcoSpeed crew. We can’t wait to share what they do next.
Circa Cycles looks beyond crowdfunding
Local bike company Circa Cycles chose a different crowdfunding route. As we shared back in August, they turned to Crowd Supply in hopes of raising $50,000 they hoped to use to “re-imagine” American bicycle manufacturing. In a email to supporters this week, owner Rich Fox said that although the campaign didn’t reach its goal (just $4,790 was raised), he still plans to move forward in hopes of bringing his bicycles to market.
Fox exhibited at last weekend’s Bike & Beer Fest and is overjoyed at the response. “I spoke non-stop to folks for about 7 hours,” he shared via email, “Several people even told me they came to the show specifically to see Circa, and they “loved” what we were doing.”
Now he plans to consider other options to raise capital, including a possible pre-sale program. If you’d like to be one of the first 25 people to own a Circa, check out RideCirca.com or email Rich (email@example.com) to get on the list.
Renovo moves from custom to production
Hardwood bicycle maker Renovo is shifting its operation from custom to production, or what they call “Ready-to-Ride.” Since they debuted 7 years ago, Renovo has seen its business flourish. Their exquisite wooden frames have garnered them lots of attention — from a partnership with Audi to a retail location in ritzy Sausalito, California.
But, even with their high-tech, CNC construction method, Renovo has been unable to keep up with demand and has faced a backlog of up to 100 custom bikes with some customers waiting over a year to get a bike. “Struggling to control this unruly beast has kept Advil profitable,” the company wrote in a press release last week, “We recognize we need to change in order to move forward.”
Beginning this month, Renovo has started offering stock bicycles with pre-selected wood combinations, sizing options, and component builds. Check out the new RenovoBikes.com to learn more.
North St. Bags looks to a community loan to keep up with demand
Curtis Williams of North St. Bags has always impressed me. I could tell from very early on that his company was bound for big things. I’m extremely happy to hear that he’s growing and expanding! His southeast Portland studio buzzes with seamstresses, his bags are now in 11 bike shops around the country (and even in Japan!), and the product line is always expanding and improving.
To keep his growth on track, Williams has turned to an innovative loan strategy offered by Community Sourced Capital. The site allows anyone to buy a $50 “square” to contribute to the loan. North St. hopes to raise up to $20,000 to buy new equipment, improve his small factory, and make other investments that will allow his staff to keep up with demand. You can help North St. reach their goal at the campaign website.
Vanilla Workshop launches ‘Built in House’ Collection
The Vanilla Workshop — an extension of famed builder Sacha White’s framebuilding business, Vanilla Bicycle Company — has unveiled their “Built in House” collection. Vanilla’s marketing guy Tom Rousculp says the first phase of the collection includes a t-shirt, patch, and a set of water bottles (also known as bidons). All three products are available online in the new Vanilla Workshop store.
Zen Bicycle Fabrication to build Lemond frames
Former Tour de France winner and American legend Greg LeMond is mounting a comeback into the bike industry after a falling out with Trek over the Lance Armstrong saga. Late last month he launched a new line of steel road bikes, and according to a report by Bicycle Retailer & Industry News magazine, the bikes will be made right here in Portland.