Competitors: electric bike rental services and electric bikes that are already on the market
Cost of Current Solutions:Â
rental bikes usually cost $1.00 to unlock and 15 cents for each minute. If these bikes are used 45 minutes a day, 7 days a week for one year, the cost would be about $250
electric bikes range from $1,000 to $6,000+
The parts like the alternator, the battery, the speed controller, and the starter will all be made in different factories and the service will be done using all the parts. The alteration could be done and sent to bike shops to sell, or we can perform the service at a dedicated store. I think it's reasonable given the types of people that would buy the product.
Materials List: https://docs.google.com/spreadsheets/d/11w2985we-cCTiqwVXs7wZ-dxCalyp0fiP5PDWjhD4Z4/edit#gid=0