jrhoffman75
New Member
- Region
- USA
Based on discussions on Facebook and juiced/reddit it looks like Juiced is going out of business.
I had a Juiced RC for a couple of years that was an excellent piece electric bike. I loved it.Electric.co:
E-bike maker Juiced Bikes appears to collapse amid silence from owners
Pretty bummed about this, as I just purchased a JetCurrent Pro from Juiced [which I LOVE] in June. Contacted Ravi [Zen}, and already have confirmation that they will be able to supply any parts. I made a specific inquiry about 52V 19.2AH battery, which they are waiting for UL approval of.
I want to personally thank you Ravi!When we were in China, many suppliers indicated this. We are still assessing the debt condition with suppliers and in the US.
We will do our best to support the community with safer batteries, motors, and controllers.
Yeah I checked on that too... I read on Reddit that they lost a court case forcing them to pay a considerable amount of money. Not sure of the entire back story to that...Strange as the website is still up and taking orders and my co-worker still gets emails from them about buying a JetCurrent almost daily. I told him don't mess with Juiced because support, be it online or calling, is nonexistent. Knowing Ravi is nice enough to offer parts support should Juiced fail is a slight reassurance. So maybe if the online prices fall to clearance numbers than it might be worth my co-worker to purchase a Juiced.
Bummer, my wife loves her Juiced CCS. We now both have unserviced bikes we love (mine is a Haibike).Based on discussions on Facebook and juiced/reddit it looks like Juiced is going out of business.
Juice ran out of money, sought funding from a "lender of last resort", Libertas Funding. Libertas purchased Juice's outstanding future Receivables, a deal known as 'revenue funding". Juice didn't pay according to the terms of the agreement. Juice and the lender reached a settlement on a new schedule of payments. Juice did not meet the new payment schedule. Libertas filed suit for payment in full. The court ruled against Juice in the amount of $888K for principal, interest, and attorney's fees.I read the NY Supreme Court judgment amount, but did not see what it was for.