Tern and Xtracycle complete crowdfunding on folding cargo bike, plan fulfillment through IBDs

By Stephen Frothingham

TAIPEI, Taiwan (BRAIN) — Tern and Xtracycle have succesfully completed a Kickstarter campaign that raised more than $150,000 to produce a folding cargo bike. Unlike many such campaigns, which ship the product directly to the consumers who support it, Tern and Xtracycle will fulfill its orders via retailers who will receive a margin for assembling and delivering them.

The Cargo Node bike was developed for city dwellers and city businesses who want to use the …read more

Via:: Bicycle Retailer and Industry News