COSTA MESA, Calif. (BRAIN) — Electric Bicycle Co., which assembled and painted custom e-bikes at its California facility, filed for Chapter 7 bankruptcy liquidation last week, listing total liabilities of $6.1 million, including secured claims of $960,000, and assets of $953,000.South African-born Sean Lupton-Smith, following a career as a restaurateur, founded EBC about 14 years ago.He told BRAIN on Wednesday that U.S. tariffs on imported components contributed to the failure.
In cities I think it’s starting. People are noticing that bikes are zipping past them while they’re stuck in traffic, and I’m starting to notice the “one more lane bro” attitude is starting to die out. Usually older folks still believe it in my experience, but millennials and younger have been pretty clear to me that they know more lanes won’t fix it.
Outside of cities though in rural America, no, they will be seen as toys and ironically, wastes of space