F-wheel DYU Electric Bike Crowdfunding Breaks 10 Million RMB

SHENZHEN, China, May 23, 2017 /PRNewswire/ -- F-wheel held a crowd funding for its new design e-bike DYU D1 on Taobao in April and its total selling amount has reached 10 million RMB on May 1, 2017. To make the crowd funding successful, F-wheel held an online product launch live show, which attracted over 1 million streaming viewers. On March 13, over 1 million e-bikes were sold in a single day.

"Though we had trumped in iCarbot crowdfunding in early spring of 2017, I didn't expected the DYU D1 crowdfunding would be so successful that over 7,000 electric bikes were sold in just half a month." F-wheel CEO Liwei said to the reporter from CCTV, "There should be 2 reasons why the DYU D1 is incredibly popular with the campaign: first, it is well-designed; second, we have over 1,000 resellers and 100,000 world-wide fans accumulated in the last 5 years."

F-wheel factory is working day and night to manufacture over 8,000 e-bikes in 2 months for domestic and overseas customers in Europe and USA.

This e-bike is only 12 kg which allows owners to easily move the bike indoors. The manufacturer has designed the bike after testing to include a GPS built in to help prevent theft. The bike lock uses a password which is entered via an app, using increasingly sophisticated and advanced technology. The cruise mode maintains a steady speed and provides a smooth and comfortable ride.

"I bought a dozen of F-wheel DYU bikes without hesitation because I trust the F-wheel brand for its previous high-quality scooters. Now I confirmed my belief again," Michael Thompson, a 3 year e-bike wholesaler in New York said.

About F-wheel

The F-wheel project was launched in 2012. F-wheel company is a high-tech enterprise comprised of former staff from well-known international enterprises like Huawei, Baidu, Mindray etc, represented by Liu Shasha, the China billiards champion. CCTV1 News Broadcast, one of the most famous news media outlets in China, that the project targets the researching and marketing of intelligent commuting vehicle products, like short trip self-balancing scooters and travel robots. Its products are focused to be fashionable, portable and environmentally friendly. Its top selling products include F-wheel series somatosensory vehicles and DYU mini E-bike series. F-wheel products have won nearly 40 domestic & international patents and awards so far and exported to more than 50 countries, receiving the capital investment of around 20 million RMB from famous investment institutions. Its valuation has exceeded 100 Million RMB. F-Wheel strives to build an intelligent short-distance travel ecosystem in 5 years and enter the GEM IPO market with the value exceeding 5 billion RMB.

SOURCE F-wheel