MALIBU, Calif., Aug. 28, 2017 /PRNewswire/ -- Storm Sondors, the creator of the award-winning SONDORS Electric Bike, announced today the launch of a Regulation A+ equity crowdfunding offering for a new company, SONDORS, Inc., a Delaware corporation. SONDORS, Inc. was formed to help the brand go global and capitalize on both the market opportunity and the demand for electric bikes worldwide by leveraging a perpetual and exclusive license to market and sell SONDORS electric bikes around the world. Once again returning to his company's crowdfunding roots to raise capital, Sondors envisions this offering as a way to bring the thousands of loyal SONDORS fans into the company in a more formal way - by allowing them to share the company's success as not only bike owners, but stockholders.
"While we could go a more traditional route, crowdfunding is simply in my DNA," says Storm Sondors, Founder and CEO of SONDORS, Inc. "To date I haven't taken a single outside investor, but that is about to change. I believe everyone should have the opportunity to not only buy a SONDORS but also have the chance to share in the potential successes and challenges. Today I am inviting the people who built this brand and those who believe in the potential of what we can do, to join me and invest in the future of electric transportation and help take SONDORS electric bikes global."
An industry leader in price, quality, and design, SONDORS currently has three signature product lines designed to fit many needs, including SONDORS Fat Tire, SONDORS Thin, and SONDORS Fold. Each model comes with several customizable options including color and upgradeable features such as LCD five-speed electric pedal assist, larger capacity batteries, aluminum frame, front suspension, and a 7-speed gear shifter. On top of that, SONDORS also has several new models in the works designed to tap into additional market segments and meet future demand.
In 2015, SONDORS introduced its first electric bike for just under $500, earning an overwhelming amount of support and quickly raising more than $8.5 million through rewards-based crowdfunding campaigns. Since then, the company has become one of the largest designers and distributors in the United States, selling more than 20,000 bikes and amassing a growing community of thousands of loyal fans.
"What I am most proud of is the impact these bikes have had on people's lives," says Sondors. "SONDORS electric bikes have taken people farther than I ever anticipated, both literally and figuratively. The stories I hear every day inspire me to go further - to make our bikes available to people everywhere."
While electric bikes have been growing in popularity over the last decade, it's still early -- total bike sales in the U.S. were approximately 16 million and electric bike sales were only a fraction of that. Anticipating much room for growth, SONDORS believes electric bikes will soon move beyond the niche market to become a widely adopted form of transportation, with global sales projected to increase by about $10 billion over the next ten years.
"As we move forward and work towards global expansion, I promise to do what I do best: move things along faster and more affordably than anyone else, and maintain the balance of affordability and luxury in SONDORS' products," says Sondors.
SONDORS, Inc. intends to use the proceeds from this offering to complete additional market research and strategy development, navigate foreign customs and fees, develop additional partnerships for warehousing and distribution, create ecommerce sites in multiple languages, expand customer service operations, and grow the company's brand recognition.
Since February 2015, the SONDORS has revolutionized the way the world views affordable electric transportation for the masses. It all began with the launch of SONDORS Original (fat tire), attracting worldwide attention through one of the most successful crowdfunding campaigns in history. To keep up with demand, the SONDORS brand launched two additional million dollar plus campaigns all within a year. Today, SONDORS contributes its continued success to the support and backing of more than 20,000 loyal SONDORS owners worldwide. To learn more, visit https://sondors.com/.