January 3, 2014
Shortly after re-locating to Downtown Vegas this past fall, Local Motors launched a crowdfunding campaign for a new cycle named the Cruiser. The stylish motorized bicycle was designed by Ianis Vasilatos, comes in gas and electric models, and needed to hit $50,000 to start commercial production.
Their campaign is set to close at 5pm EST today, but they are already celebrating. The initial funding goal was surpassed and Local Motors hauled in over $52,000. The early Cruiser prototypes built in the Local Motors Microfactory are now guaranteed to hit the market at a MSRP of $3,799.
And when it hits, it will turn some heads because this cycle is inspired by the stylish broad track racers from the early 1900’s. The style inherent in the Cruiser goes beyond an aesthetic though because it is a shining example of how Local Motors inspired true co-creation.
The entire platform Local Motors operates on is built on the basis of collaboration; Vasilatos’ design was vetted and voted on by a community of over 30,000 individuals. Downtown Vegas also focuses on collaboration as a key element of success, and that’s a big reason Local Motors has fit in so well.
Whether they crowd-fund amazing bicycles or sponsor TCWEEK, Local Motors is always looking for new ways to get involved in Downtown Vegas. The Cruiser is one of many beautiful imaginings we can all look forward to and, just like their cycles, the future looks to be a smooth and stylish ride.
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