Bay Area start-up Lit Motors specializes in creative vehicle concepts. Their most recent project, the Kubo, takes the urban-utility concept in a direction that emphasizes low center of gravity luggage carry, ease of portage, and accommodative ergonomics.
The folks at Lit call it a “pickup truck on two wheels” and by setting the rider further back on the chassis, nearly over the rear wheel, the Kubo creates a centrally located void in the chassis that serves as the cargo holding bay.
The idea is that with additional accessories such as straps, tie-downs, netting and bungee cords, people will be able to easily and effectively transport more of their stuff around town, without upsetting the balance or rideability of the machine.
On November 21st, they launched a Kickstarter campaign for the Kubo, aimed at raising an ambitious $300,000 in just 30 days. As many of you problem know, Kickstarter is an online fundraising platform designed allow individual consumers the chance to invest money in people and ideas that they believe in. If the goal is not met, then the team behind the idea or project gets nothing.
With the Kubo, as the weeks progressed, it became clear that the campaign was not going to meet its goals. By December 21st, Lit had only managed to raise $57k with 166 backers.
The recent failure of Lit Motors to meet their Kickstarter goal, raises big questions about how effective Kickstarter can be for small businesses creating big products.