Scooter Boosted Rev: Price, Specs, Details

With growing cities increasingly dense, scooters and bicycles (and other forms of electric transport) compete more and more intensely to conquer the streets. Some may find it a bit, uh, old-fashioned to be against any vehicle that replaces a commuter car. But I have a confession to make: I still have hated scooter parts.

Electric scooters are dangerous if the rider is inexperienced, which many of them are. They are also prone to theft and vandalism, which makes them incredibly useless. Industry executives report rental scooters like the ones used by Bird and Lime last one to two months before needing to be replaced. I have leftovers in my fridge that are older than this. Scooter shares are also mostly unregulated, so the cities where they operate sometimes have little control over how vehicles are distributed or used. Oh and women don’t ride them, probably for all of the reasons listed above.

The problem may be sharing, not scooters. According to Boosted, the company that makes these popular orange wheeled electric skateboards, you can fix everything people hate about electric scooters by switching from a share model to a owned model. “The vast, vast majority of vehicles are owned and not shared. It always has been, and probably always will be, ”said Jeff Russakow, CEO of Boosted.

The math is simple, he says. Most people need a rugged, reliable vehicle that can travel the same three miles to the station every day and back, for years to come. If you’re a commuter, you’re much more likely to own a vehicle for your daily commute and pay pennies per mile, rather than paying a few dollars for each ride on a rented scooter.

The benefits go beyond dollars and cents. If you ride your own scooter, you’ll gain experience and confidence faster, and you’ll be more likely to own and wear a helmet. You are also much more likely to store this scooter in your home or workplace, rather than on the sidewalk (or in the river). If it is a beautiful scooter, you will take good care of it, and the vehicle will last for years, not just weeks.

The reason for Russakow’s scooter boosterism: His company is branching out into high-end skateboards and making an electric scooter. The Boosted Rev is now available for pre-order on the company’s website for $ 1,599.

Power supply

Many other scooter companies assemble their vehicles by ordering different components from different manufacturers. The Boosted team, which includes engineers from Tesla, Apple and GoPro, designed the Rev from scratch. Russakow says this decision was necessary to create a safer and more reliable “vehicle-grade vehicle”.

The team focused on the battery and the brakes in particular. The Rev’s battery is inspired by vehicle-grade electric batteries, like those from Tesla, rather than the type commonly used in household products or toys that are known to catch fire. The Rev’s powerful battery is made up of individual cells. If a single cell fails, the damage is contained and the flammable electrolytes inside will not spread to the rest of the battery. The pack is housed in an extruded aluminum housing that is waterproof, dustproof and shockproof, to prevent cells from being punctured or damaged.

The battery drives Boosted’s exclusive powertrain. It consists of two dual-drive hub motors, one inside each of the Rev.’s nine-inch wheels. Each motor provides significantly more torque than a rental scooter, which increases throttle power and improves traction and braking, the company claims.

“When you have two engines, the torque is distributed to the wheels,” says Boosted CTO John Ulmen. “You’re much less likely to slip a wheel when accelerating or stopping. “

New initiative would ban high-interest securities lending in Arizona | Local News

By Howard Fischer Capitol Media Services

PHOENIX — The backers of a new initiative are seeking to ban securities lending — or at least the interest rates they are allowed to charge.

Legal documents filed late Wednesday ask voters to remove the exemption the industry now enjoys from state laws that limit eligible interest to a maximum of 36% per year. Current title loans can carry an annual percentage rate of up to 204% per year.

Supporters need 237,645 valid signatures by July 2, 2020 to put the question on the general election ballot that year.

The move is encouraged by many of the same organizations that succeeded almost a decade ago in eliminating so-called “payday loans,” where people could borrow up to $500 for two-week periods — at effective interest rates that may exceed 400 percent.

However, vehicle owners were given the option of borrowing against them.

The industry has stretched the law to the point where people don’t even need to have a clear title to their vehicles to borrow against them, said Kelly Griffith of the Southwest Center for Economic Integrity, one of the groups to the origin of the initiative.

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“They’re exploiting this loophole,” lending money to those who can’t afford to repay and therefore have to keep taking new loans, she said. “It’s another name for payday loans.”

In 2008, voters decided to kill the payday loan industry, despite lenders spending more than $17 million campaigning to keep it alive.

Since then, the Consumer Federation of America and the Center for Economic Integrity released a report showing that the securities lending industry has exploded in Arizona.

There have been several legislative proposals to rein in the industry and cap eligible interest at 36%.

Each of these failed in the Republican-controlled legislature. This leaves industry haters the opportunity to present their case directly to voters.

The initiative is likely to get a fight from the industry, which has argued that it provides an option for people who don’t have access to easy credit at regular interest rates. i.e. less than 36% APR.

“Our customers are individuals who can’t get those rates,” said Stuart Goodman, who lobbies for the Arizona Title Loan Association. Most customers have no relationship with banks, he said.

“We’re dealing with high-risk people with bad credit who have some sort of instant short-term credit need,” he said. “They are not served by the traditional banking community because of the associated risk.”

Griffith said she believes the industry is effective in encouraging people to borrow.

“If you don’t have enough income to meet your basic cash flow needs, whatever they are…what are the chances that you will be able to repay this loan?” she asked.

“It drives people into bankruptcy, into closing checking accounts, into addiction,” Griffith said. “So the consequences are huge.”

Goodman, however, said eliminating title lenders in Arizona would not solve the problem. He said that would only drive people to Internet and offshore lenders, which have no physical presence in Arizona and whose practices are not overseen by state regulators.

But Griffith said she thinks there are other solutions. She said some of the customers likely have access to credit cards, which they can use to charge for things like car repairs and tires to get to work to keep earning money. Interest rates on credit cards are lower than with a lender in title, she said.

And for those who don’t have such options, Griffith said there are charities that might be able to help.

Goodman said the 204% figure can be misleading.

This figure is based on the fact that the industry is allowed to charge 17% interest per month for loans of $500 or less.

But he added that the law provides tiered caps: 15% for those between $501 and $2,500, 13% for those between $2,501 and $5,000 and 10% for higher loans. Competition between lenders has resulted in offer rates lower than that, he said.

Griffith said the initiative has the support of several community organizations that will help raise the funds needed to get the measure passed. Some have experience in this area, including Living United for Change in Arizona, which was a key driver of the successful 2016 initiative to raise the state’s minimum wage.

The price of the Ather 450 smart electric scooter reduced with the FAME-II subsidy: here’s how much

98% of the company’s sales come from the Ather 450 and therefore this is currently the main focus of the brand. Ather 450 and Ather Grid will be available in Chennai in June and will be followed by other cities over the coming year.

The price of the Ather 450 smart electric scooter has been reduced with the FAME-II grant. The company recently announced that its Ather 450 scooter is FAME 2 compliant and will receive an increased subsidy of Rs. 27,000. That said, the price of the scooter has been reduced by Rs 5,000. Although scooter orders continued in Bengaluru throughout April, it is interesting to note that deliveries have been suspended by the company so that the new subsidy benefits can be passed on to owners. With the FAME-II grant, the Ather 450 EV now costs 1.23 lakh as a road price in Bengaluru compared to its previous price of Rs 1.28 lakh. The company says customers can expect their Ather 450s to start shipping within the next two weeks.

The company’s other electric scooter, the Ather 340, has yet to receive FAME-II certification. The company says the 340 is also FAME-II compliant, but will gain certification once delivery of the vehicle begins. 98% of sales come from the Ather 450 and therefore this is currently the main focus of the brand. Ather electric scooters allowing customers to identify charging point locations as well as their availability in real time, all thanks to the Ather Grid app. Ather Energy also announced that it will extend the full warranty of its 450 FAME certified customers from 1 to 3 years instead of 2 years. All Ather 450 certified under FAME 2 will come with the full 3 year warranty, as well as the company’s “Make in India” battery pack.

Ather Grid is currently available in Bangalore with 24 charging slots and 31 charging points. Ather Energy also opened its early access privileges a few days ago and the “Pre-Order Interest” option on the company’s website offers consumers priority deliveries as well as early access to reserve the Ather 450 and 340 as well as invitations to exclusive events and trials. . Ather 450 and Ather Grid will be available in Chennai in June and will be followed by other cities over the coming year. Ather Energy will install 6,500 charging points across the country and be operational in 30 cities by 2023.

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