Velo Advance Community E-bikes crowdfunding bid

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tigerbay
Posts: 21
Joined: Wed Jan 01, 2014 7:13 pm
Location: South Wales

Velo Advance Community E-bikes crowdfunding bid

Postby tigerbay » Sat May 20, 2017 3:58 pm

https://www.gofundme.com/veloadvanceebikes/

Velo Advance Community E-bikes crowdfunding bid

What is Velo Advance?
Velo Advance is an innovative project that aims to make affordable, practical, up-to-date electric bikes (E-bikes) available to people in South East Wales and beyond.

What are E-bikes?
E-bikes are like ordinary pedal-cycles, with an electric battery added wich can provide extra power to the wheels. This means that they have greater speed, distance and carrying capabilities than a bike which relies on muscle power alone.

What is the business model?
Velo Advance is a Social Enterprise. This means that, while we do aim to make a profit from work we do and the products we sell, all those profits will be channelled into the social aims of the business. Like any business, we also have to pay for things like raw materials, running costs and the time and experience of the people who work on the bikes.

Who is Velo Advance for?
Welo Advance is for everybody, but some people will benefit especially from what we offer. Many people who live in rural or semi-rural areas, or urban areas without good public transport links, find themselves missing out on social, educational and employment opportunities. This is especially true if they can't afford, can't drive or simply don't want a car of their own. Velo Advance is a great personal transport solution - flexible, sustainable and, above all, affordable.

Why is Velo Advance Different?
There are other e-bikes on the market. However, these are aimed at the luxury and sports consumer, people who have easy access to other modes of transport and use their bikes mostly for fun and fitness. Velo Advance bikes can be used for these too, but they're primarily intended to be a practical and economical way of getting around a person's local area.

Backstory:
Since austerity vulnerable adults like myself in remote or hard-to-reach areas of the community have found transport costly or impossible. I've wanted to make use of transport that's already available without having to invest what little finance I have in car transport. Cuts in public transport have not made this any easier. However, as a cyclist I saw an opportunity within the e-bike market that no-one else was fulfilling. The price of other e-bikes is as expensive, if not more than, a car, and the pursuit is limited to those who are interested in leisure cycling. Also, job opportunities for people like myself with autism are especially difficult in Wales where 10-15% of us are in any form of employment. This opportunity is to especially look at providing both an affordable e-bike with high performance and easy maintenence to allow what were thought impossible travel options to people not in education, employment or training or on low wages. I have sourced those contacts that can make my dream a reality - a dream I've had since I was little - as well as provide employment in many services that can be built up around this product. There are already significant improvements to the initail design that I hope to up-scale for a variety of uses from individuals to community-based services. I have spent most of my own savings on initial research and development, and was very surprised at how little I needed to spend on it. Reaching my goal of £3,500 will enable me to continue research and development and, crucially, begin production so that other people can benefit from my work.
Last edited by tigerbay on Wed Jul 26, 2017 1:52 am, edited 2 times in total.

Grumpy-b
Posts: 970
Joined: Sat Dec 01, 2007 12:06 pm

Re: Velo Advance Community E-bikes crowdfunding bid

Postby Grumpy-b » Mon May 22, 2017 9:13 am

I have read and re read this as well as the funding site, which has the same text, and I really dont understand what you are trying to do.
Is this a project to build ebikes? if so what is the specifications to be, who is to buy them what expected quantities, and how will the marketing be carried out. WHere is it to be located?
Do you have a business plan? Is it accessible? WHat are the costs involved and how will they be spent, on what, for what or is it just funding to keep you going while you try and make this happen?
If its selling ebikes, is the money for stock and setting the business up/
Is this a business or you personally doing this, if a business what is its structure. Ltd company, Charity (What reg number)etc

Whatever it is you are trying to do I think you would benefit from giving more details. Im sure you know what you want to do, but its not obvious to me. Perhaps you could ask somone else, you know, to look at this and advise you as to how you could improve the presenation/ offering.
If you were presenting to Dragons Den what questions do you think they would ask you, even the hard ones you dont wish to consider.
Good luck.

tigerbay
Posts: 21
Joined: Wed Jan 01, 2014 7:13 pm
Location: South Wales

Re: Velo Advance Community E-bikes crowdfunding bid

Postby tigerbay » Tue May 23, 2017 9:55 pm

Grumpy-b wrote:I have read and re read this as well as the funding site, which has the same text, and I really dont understand what you are trying to do.
Is this a project to build ebikes? if so what is the specifications to be, who is to buy them what expected quantities, and how will the marketing be carried out. WHere is it to be located?
Do you have a business plan? Is it accessible? WHat are the costs involved and how will they be spent, on what, for what or is it just funding to keep you going while you try and make this happen?
If its selling ebikes, is the money for stock and setting the business up/
Is this a business or you personally doing this, if a business what is its structure. Ltd company, Charity (What reg number)etc

Whatever it is you are trying to do I think you would benefit from giving more details. Im sure you know what you want to do, but its not obvious to me. Perhaps you could ask somone else, you know, to look at this and advise you as to how you could improve the presenation/ offering.
If you were presenting to Dragons Den what questions do you think they would ask you, even the hard ones you dont wish to consider.
Good luck.


Thanks Grumpy-b - I was alittle concerned when I had assistance to set this up, that the wording may not have been enough to adequately describe what I am attempting to do (PR is probably a major 'achilles heel' of mine) - I had already booked a meeting for next week to discuss with an advisor around the PR side of things. Once I've had that meeting, I will update you - as it is, I'd like to go away and think through your points, which I thank you for

Grumpy-b
Posts: 970
Joined: Sat Dec 01, 2007 12:06 pm

Re: Velo Advance Community E-bikes crowdfunding bid

Postby Grumpy-b » Wed May 24, 2017 7:36 am

Forget the PR,
Just explain what it is you are trying to do. Save the PR for the crowd funding . You have as much space here as you need to explain what you want to do and how the money would be spent.
Can I suggest some headings.
What is the project called.
Who is involved.
Where will it be located.
What is the intended out come from the project, in terms of
1. What will physically be produced.
2. What is the social outcome that is envisaged.
What is the longer term intention for the project.
Who / how will the finances be overseen
Will it be a Ltd company, a Charity (Give charity registration number) or what.
After the funding is used what will happen to the product of that investment ie do you just get a nice bike or is there a continuing long term project.
How many people are inolved with the project.

Etc etc etc

tigerbay
Posts: 21
Joined: Wed Jan 01, 2014 7:13 pm
Location: South Wales

Re: Velo Advance Community E-bikes crowdfunding bid

Postby tigerbay » Wed Jul 26, 2017 1:36 am

I was hoping to have time to give a more concise definition in reply, but it seems an edit of the first post will have to do which should provide much of the answers your after :roll:

Grumpy-b
Posts: 970
Joined: Sat Dec 01, 2007 12:06 pm

Re: Velo Advance Community E-bikes crowdfunding bid

Postby Grumpy-b » Wed Jul 26, 2017 8:03 am

Good luck with the project, I still dont get what you are trying to do what the money is for and what the outcome will be.

Sorry but its really not obvious, and thats what you have to be.
"Velo Advance is an innovative project that aims to make affordable, practical, up-to-date electric bikes (E-bikes) available to people in South East Wales and beyond."
Reading this seems to be suggesting eiter a shop selling bikes, or a project renting bikes out. But elesewhere you appear to be saying that you will be making bikes.

"There are other e-bikes on the market. However, these are aimed at the luxury and sports consumer, people who have easy access to other modes of transport and use their bikes mostly for fun and fitness. Velo Advance bikes can be used for these too, but they're primarily intended to be a practical and economical way of getting around a person's local area."

Actually most E bikes are not a luxury product and are made in low cost china, sone of the biggest costs the battery and the motor are unlikley to be made in Wales at a cost effective price.
But in all this you have not come clear with what Velo Advance bikes are?
Are they cheap, are they modified std bikes, are they alloy framed, what is the local content, what makes any bike that you may make better , (Usability, cost etc etc) than whats on offer at the moment. Are they heavy industrial grade delivery bikes.

What areas of research and develpment are you doing, is it understanding what people need for transport, What will the £3.5k be spent on, oris it just supporting you for a non specific period.

If you really want to make this happen, I think you need some assistance. Are there any local enterprise organisations, talk to the local chamber of comerce, they may have access to business mentors. Even your local authority may have some business development team. If you are under 25 then the Princes trust may be of use.
You keep refering to your own shortcomings, so you recognise these, now move beyond that and get some assistance to make your dream happen. Money especially a relatively small amount wont do this, especially with your aspirations to employ others. Premises, insurance (Especially product liabilty) PAYE , Telephones computers, pension schemes etc etc all cost. Thats why you need a proper business plan.

tigerbay
Posts: 21
Joined: Wed Jan 01, 2014 7:13 pm
Location: South Wales

Re: Velo Advance Community E-bikes crowdfunding bid

Postby tigerbay » Tue Aug 08, 2017 4:59 pm

"If you really want to make this happen, I think you need some assistance" - And I think you need to learn when you've gone too far with your 'advice'.

Grumpy-b
Posts: 970
Joined: Sat Dec 01, 2007 12:06 pm

Re: Velo Advance Community E-bikes crowdfunding bid

Postby Grumpy-b » Tue Aug 08, 2017 5:13 pm

No problem, I look forward to seeing what its all actually about.


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