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Welcome to Flywheel, a weekly exploration of the used side of owned micromobility. Each newsletter will highlight an observation of trends emerging in the industry and feature five of the most interesting used vehicles being sold in the secondary market.

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The observation of the week explores ebike pricing by vehicle type and brand type. This week’s featured vehicles are a seated cargo scooter, a cargo bike, a folding fat-tire ebike, a one-wheeled eboard, and a hybrid trail ebike.

Observation of the Week

Ebike pricing by type

Since the beginning of January 2022, we’ve seen $32.75M worth of ebikes on Craigslist across major US markets. The average resale price of those ebikes is $1,860. Let’s break this pricing down by vehicle type and brand type.

• Average resale price of ebikes by vehicle type:

• Average retail price of ebikes by vehicle type:

The cheapest ebikes people are buying or reselling are folding bikes, which makes sense given that the models of most budget brands like Lectric or ultra-budget brands like Jetson fold. Cargo and sport are amongst the most expensive types, which is likely due to the fact that a majority of brands with offerings in these categories are incumbent dealer-brands like Tern, Yuba, Riese & Müller, and Specialized. For the cargo segment in particular, it’s exciting to think about the impact and adoption new cargo offerings like Lectric’s $1.4K XPedition, Aventon’s $2.2K Abound, or even Globe’s (Specialized) $2.7K Haul ST will have given how much cheaper they are than the $3,472 average retail price of cargo bikes being resold in the secondary market today.

• Average resale price of ebikes by brand type:

• Average retail price of ebikes by brand type:

Looking at the average resale and retail prices of ebikes by brand type, D2C ebikes are (understandably) markedly cheaper than Dealer-Network ebikes. Dealer brand ebikes also seem to depreciate less than D2C ebikes. On average, D2C ebikes resell for 71.6% of their original MSRP while dealer brand ebikes resell for 88.8% of their original MSRP. I suspect that the reason the residual value of dealer brands is higher than that of D2C brands is because dealer-network ebikes generally have a much larger available servicing network.

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Top 5 Vehicles of the Week

1. Voromotors FIIDO | $550 | NYC

The Voromotors FIIDO is a compact seated cargo escooter. While the vehicle may look small, its 12” pneumatic tires actually give it a higher attack angle than most scooters. The main result of the the small frame is that you’re seated lower, which can take some getting used to but allows for a nimble ride. The FIIDO’s powertrain features a 350W geared rear-hub motor and a 360Wh battery pack, giving riders a max speed of 15mph and a claimed range of 20mi. Its small wheels give the vehicle zippy acceleration, which is paired with strong disc brakes to let riders stop on a dime. The pneumatic tires provide some cushioning, but there is a full-suspension version of the FIIDO that is much more comfortable to ride on longer trips. The FIIDO is the minivan of escooters given its unparalleled cargo utility. While most scooters have nowhere to store or carry cargo, the FIIDO has both an in-frame storage space (underneath the split top tube) to carry stuff in between your legs and a front basket. Voromotors even sells a child seat attachment to put on top of the split top tube. The FIIDO is sold out online, so this listing for a lightly used FIIDO (Flywheel estimated mileage of ~570mi) is a rare find. Listing can be found here.

2. Blix Packa Genie | $1,600 | NYC

The Blix Packa Genie is a budget yet high-quality class-2 longtail cargo bike. Its powertrain features a 90Nm Shimano rear-hub motor and a 614Wh battery pack that can be extended to a dual battery setup to double the range. With this powerful motor, a compact frame that is just a tad longer than a commuter bike, and low 24” wheels, the Packa Genie is exceptional at low-speed handling even when fully loaded to its 450lb payload maximum. Given that maneuverability is one of the biggest concerns with cargo bikes, this level of handling significantly reduces the learning curve for first-time riders. Combined with hydraulic brakes and a power auto cut-off that automatically cuts off the motors when brake levers are pressed, riders can be confident that the Packa Genie can safely and quickly decelerate. The Packa Genie is certainly a bit more expensive than budget cargo bikes from the likes of Lectric or Rad Power, but its more powerful motor and high quality components are more like those found on competitors that retail for $3K+. This listing has a mileage of ~700mi, and comes with the dual battery set-up as well as all the accessories required to transport two children (cushion, child seat, bars, and foot boards). Listing can be found here.

3. Lectric XP 3.0 | $950 | LA

The Lectric XP 3.0 is a value class-3 folding ebike. Released by Lectric earlier this year as an upgrade to its best-selling XP 2.0, the XP 3.0 features a more powerful 55Nm motor, same sized 500Wh battery pack, a better motor controller, an integrated rear reck, and a longer travel front suspension fork. The stronger motor is particularly useful because it makes the vehicle strong enough to carry two passengers (via Lectric’s $75 Passenger Package) on casual routes. The XP 3.0 retails for a remarkably low price point of $999, which is not only the same MSRP as the XP 2.0, but also one of the cheapest prices on the market for a class-3 ebike. Lectric has made a name for itself with high-quality, easy-to-maintain vehicles, and it continues to deliver on this reputation while keeping prices low and pushing the envelope on vehicle features. This listing is virtually new and has only been ridden three times. Listing can be found here.

4. Onewheel Pint | $675 | Miami

The Onewheel Pint is an eboard for the adventurous. Founded in 2014 by Kyle Doerkson, one of the OGs of micromobility, Onewheels are designed to “mimic the sensation of snowboarding on powder.” The Pint is Onewheel’s most affordable eboard, and is a fun-sized and portable (weighs 23lbs and has a handle) vehicle for urban riding. Its powertrain features a custom designed 750W Hypercore Motor and a 148Wh battery, giving riders a top speed of 16mph and a range of 6-8mi. The 27” long platform, 10.5” tire, and round frame profile give the vehicle amazing handling, particularly when making snowboarding-esque carving turns. This isn’t an easy vehicle to ride and has a fairly steep learning curve. That being said, Onewheel has done an excellent job putting in safety features to prevent riders from losing control of their Pint. The Simplestop technology applies the regenerative brakes when you lean backwards, which is a bit more intuitive and beginner-friendly than other Onewheels that require you to lift your front foot off one side of the front panel. There’s also a Pushback mode that lifts the front of the board to slow you down anytime you’re going too fast or don’t have enough power/torque due to a steep hill, low battery charge, etc. You can also configure different riding modes via the Future Motion app to taper the responsiveness based on your skill level. The Pint isn’t for everyone, but it’s super fun for experienced skateboarders. This listing has only 116mi of usage. Listing can be found here.

5. Trek Allant+ 7 | $2,799 | LA

The Trek Allant+ 7 is a class-1 hardtail hybrid ebike suited for both urban and light trail riding. It’s a replacement of Trek’s Dual Sport+, a model that was popular as a trekking ebike. The Allant+ 7’s powertrain features a 75Nm Bosch Performance Line CX mid-drive motor and a 500Wh Bosch PowerTube 500. There’s even mounting points on the frame to install the Bosch Range Boost, a secondary pack that couples with the PowerTube and doubles the battery’s capacity. The powertrain also has a number of smart motor controls that make the Allant+ 7 extremely smooth to ride. Pedal assistance is determined by a torque sensor, cadence sensor, and wheel speed, and there’s a shift detection feature to protect the 9-speed Shimano transmission. Trek is considered to be one of the “big 3” bicycle manufacturers, and their scale gives their vehicles an amazingly vast maintenance network. This listing is sold by Orange County Cyclery, one of LA’s largest used ebike retailers. It has a mileage of 1358mi, but comes with the optional Bosch Range Boost battery pack and has recently been inspected/tuned up by OCC. Listing can be found here.

That’s it for this edition. Thanks again for joining, see you next week!

- Puneeth Meruva

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