How Much Does It Cost To Start An E Bikes Business? (In 2024)

"When I looked at the market, it was a fragmented mess of ill-conceived products and brands. Apparently, anyone could Frankenstein together an eBike, or piece together one with a conversion kit, and start an 'eBike company', and so that's what happened. Hundreds of competitors. Very few goods, a handful of bad, and a lot of ugly."

Stephan Aarstol is the co-founder of Tower Electric Bikes, a direct-to-consumer electric bike brand.

"Despite the big expenditure on renting the shop and purchasing our first range of products, initial funding was not a big issue. I had piled up some savings over my years working abroad and house-sharing and my dad had done quite well with his Solar PV company, so we went solo - no banks involved."

Borja is the founder of tutiendaenergetica.es, a retail business that specializes in green tech products and electric mobility solutions, started in 2010.

"I could have initially invested 50k into a seamless website, but you need to test the waters first. My chance of failure was low because I didn't invest or raise any funds or commitment, so I could focus on what I needed to do without losing much."

Ali Kazemkhani is the founder of EBikeBC and ENVO Drive Systems, e-mobility product development and retail companies that have doubled growth year over year since their inception.

"Everything didn’t start perfectly, there were many challenges along the way. I started with less than $200 out of pocket and learned as I went."

Kyle Chittock is the founder of Area 13 Ebikes, an electric bicycle and upgrade components business that has grown about 500% year over year without any paid advertising.

"However, to be in business one needs to finance a full container of bikes (between *200 and 350 units) for a cost of* ***$100K-$350K*."

Ben Sarrazin is the founder of Yuba Group, a company that designs and distributes load-carrying bicycles.