Is iGo out of business?

[Dewey]

Reddit thread reporting a bankruptcy auction ad

https://www.reddit.com/r/ebikes/comments/1h0jal8

 

[RoyerBatteries]

Yes it’s a tough market and you have 21m in debts too…

 

[MartsEbike]

Bike companies are dropping like flies right now.

 

[kevinmccune]

the "boom" has "bust",after the madness of 2020 and all those stimulus checks floating around the market has saturated many garage now has an unused ebikes sitting in a corner or hanging from the trusses a lot of folks had to go back to work and the glitter has worn off from what seemed a great idea.It doesn't help that there were a bunch of monkeys giving ebikes a bad name plus the snobs on acoustic bikes huffing and snorting.Watched a video of a critter throwing an ebike together then blasting down a trail wide open chuckling as he just missed elderly people using the trail,hopefully things will improve for the market as it trims down and becomes more reasonable and more infrastructer is open for ebikes and the like.this sort of reminds me of the post and pre depression auto market.