Kathy J May 2, 2023
Go to "Updates" and read "Fundamental Obstacles". Over $2m collected and the summary of the update written by ChatGPT and translated by Google is "We can't make what we promised." A 100mi range self-charging folding #ebike is pretty out there.
https://www.indiegogo.com/projects/rocket-bike-self-charging-100-mile-range-ebike/x/8603654#/
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Rocket Bike: Self-Charging, 100-Mile Range eBike

Ride without limits on a 100-mile range, all-terrain eBike with regenerative braking & folding frame | Check out 'Rocket Bike: Self-Charging, 100-Mile Range eBike' on Indiegogo.

Indiegogo
Show thread😀🚲May 2, 2023
@eBikeChick who gave these people money? I can't make sense of the numbers, over a thousand people gave them over a thousand dollars for what looks like maybe a $600 bike?
Show threadKathy J May 2, 2023
@enobacon looks like they went to multiple crowdfunding sites because the total raised exceeded the amount from Indiegogo. It’s too bad that the backers won’t even get a watered down version of what they thought they’d get.
Show threadPhil (ascentale)
@eBikeChick @enobacon I think the main way that backers can get their funds back is to initiate a chargeback, but that may not be possible if they backed the project some time ago. I've found Indiegogo themselves to be pretty icky with this sort of thing too 😔
May 2, 2023 at 5:29amWeb
Show threadKathy J May 2, 2023
@ascentale @enobacon They won’t win. Indiegogo is very clear about what qualifies for a refund and the fact that you’re investing in a startup at your own risk. Once they disburse the money at the end of the campaign it’s gone. If the backers can establish a US nexus and prove fraud they can sue here to get their money back, or they can sue in the UK, but that’s basically the only remedy left at this point.