As a Toronto, Canada startup, Revelo has received funding from OCE, VentureStart, and was launched via OCAD University's Imagination Catalyst incubator hub and MaRS Discovery District's entrepreneurship program. The company received backing from crowdfunding via Indiegogo in 2013 for their original LIFEbike concept,.[2] In 2015, their foldable electric bike, the FLEX, was launched.[3]
Models
LIFEbike
The LIFEbike is an electric commuter bike designed from scratch by Henry Chong. The original LIFEbike concept was created by Chong for his Industrial Design thesis at OCAD University in 2011.[4] The next year, it won Chong the MaRS Upstart competition. Deciding to turn what was a project into a marketable idea, Chong launched the LIFEbike on Indiegogo for crowdfunding in the spring of 2013. By July 26, 2013, the campaign had funded $26,656, surpassing its goal of $25,000.[2]
The LIFEbike won the 2012 MaRS Up-Start! competition, which came with a $10,000 prize, enabling Revelo Electric to kick off.[5][6]
The first prototypes for the LIFEbike were handmade by Chong and tested by 170 riders ranging in age from 16 to 74. The final bikes were manufactured in Canada and shipped out in March 2014.[2]
LE-1
The LE-1 (Light Electric One) bike is an electric commuter bike launched in May 2014 at the OCE Discovery Conference for limited release. Revamped from the LIFEbike, the bike was renamed to LE-1 for its launch. With its limited production, as of October 2015, the LE-1 is sold out.[7]
The FLEX is a folding, electric commuting bike released on October 15, 2015, for pre-ordering. The FLEX was designed to fold to enable easy and practical commuting for its riders. In its folded state, it can be rolled to let commuters use multiple modes of transportation.[3]
During the development of the FLEX, its prototypes and final product samples were tested by over 1000 people. Manufacturing was to be completed overseas in China and the first orders were to be delivered in April 2016.[citation needed]