ProdecoTech Sold to PayMeOn

Topics related to EV businesses
Post Reply
BikeSoupUSA   10 mW

10 mW
Posts: 23
Joined: Dec 20 2014 2:32am
Location: Tulsa, OK

ProdecoTech Sold to PayMeOn

Post by BikeSoupUSA » Dec 23 2014 1:17am

http://www.bicycleretailer.com/north-am ... VJkE86ACaA

"Despite spending millions of dollars in development, CEO Cespedes said Friday that the company, PayMeOn, has yet to bring its "social income" product to market given the complexities and the potential size of the market.

"Our primary focus right now is Prodeco," Cespedes said. "We love the space. We think it's got a mile and a half to grow — make that a hundred miles."

User avatar
neptronix   100 GW

100 GW
Posts: 12658
Joined: Jun 15 2010 5:56pm
Location: California refugee living in Utah, USA
Contact:

Re: ProdecoTech Sold to PayMeOn

Post by neptronix » Dec 24 2014 3:16am

Sounds like not much will change with the company.. still smells scummy over there in prodeco land!

Though their new long wheelbase fatbike IS pretty cool.
My first major build: 8T MAC motor on a Trek 4500.
The new all-arounder: Leafmotor 1500w on a Turner O2 full suspension.
The wheelie machine: 20" Rear Magic Pie II on a Trek 4300 MTB

"The best time to plant a tree was 20 years ago. The second best time is now."- Chinese Proverb

User avatar
lester12483   10 kW

10 kW
Posts: 936
Joined: Jan 30 2009 1:45am
Location: Chicago, IL USA

Re: ProdecoTech Sold to PayMeOn

Post by lester12483 » Dec 25 2014 12:16am

I hope prodeco told their customers the company has been sold.
MT6 Hybrid- Electric Bicycle 48V
48V 23AH AllCell Lithium Manganese Battery Pack
http://www.chicagoelectricbicycles.com

Post Reply