This Is Not A Bike

Original: This Is Not A Bike

Submitted by Dmitri Davydov on Mon, 2010-07-26 10:17.

Posted in: Crazy Money

ink of the day - If You Sell Links On Your Site, I Will Buy Them Off You


http://www.elliptigo.com/

As fitness equipment goes, the world's first elliptical bicycle is pretty darned impressive. It's got the sleek curves of a high-end road bike, the clean lines of a Razor scooter, a pair of shiny carbon-fiber elliptical pedals, a smooth hub-and-crank stride mechanism and a steering column that collapses for easy storage. Plus, it's not a each, Calif., and so far have sold 250 bikes at $2,199 each, including two to a Napa Valley-area police department. They've had glowing testimonials from Ultramarathon Man Dean Karnazas (who rode the ElliptiGo from San Francisco to Los Angeles as a warm-up for the L.A. Marathon), Nike Project Oregon runner Adam Goucher and three-time Olympic pentathlete Michael Gostigian.

ElliptiGo's buzz is growing, thanks to regular test ride events and its "Epic Ride" campaign, where Pate and Teal enter the ElliptiGo in challenging biking events such as the California Sierras' 129-mile "Death Ride." This month, it's the 10,000-foot "Cycle to the Sun" climb in Maui.

They're hoping to deliver 2,000 bikes after the summer marketing push, which would make them a small profit by year's end. And in 2011, the goal is to move 11,000 and possibly introduce lower- and higher-end models. But their main objective is to kick off a new industry. "That's our busine terests, Insights, and Invention