Electric bike maker Sondors is reportedly undergoing some serious financial issues stemming from undelivered Metacycles.
Electric bicycle brand turned electric motorcycle specialist Sondors seems to be in quite a lot of trouble lately, as reports surrounding its inability to fulfill orders have come to the surface. An article bygoes into detail about how it all went wrong and discusses the possibilities for the company moving forward. Nonetheless, Sondors' future isn't looking too good, as more and more customers have become disgruntled with the brand.
The article highlights that Sondors' history has been riddled with issues dating back all the way to 2015, when it first hit the market with its E-Bike, a rugged, barebonesasserts that, back then, the attractive price tag and impressive spec sheet was deemed by some as too good to be true. Ultimately, the brand was able to deliver the bikes, albeit late and lacking in terms of features when compared to what was promised.
Much more recently, Sondors ventured into electric motorcycles with its Metacycle, and you could argue that this is where its biggest problems find their roots. As a concept, the Sondors Metacycle was an enticing proposition: $5,000 for an urban electric motorcyce with a sporty, futuristic design. There was, however, a huge catch, and it's that customers had to pay the complete amount upon ordering the Metacycle.
In what seemed like a last-ditch effort for extra liquidity, Sondors conducted a flash-sale of the Metacycle in March, 2023, selling the bike for just $4,000 USD. This managed to generate 1,000 additional pre-orders for the bike. On top of that, in April, 2023, Sondors also unveiled a new concept electric motorcycle called the MetaBeast, with reservation price of the MetaBeast was set at just $3,000 for the standard model, and $6,500 for the premium MetaBeast X.
It appears that numerous customers are now discussing plans for a class action lawsuit against Sondors, all while an alleged fraud investigation from the Attorney General of California is also reportedly in the works.
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