QUIKbyke Logo

Typing paper model of Quikbyke's prototype Qiosk.
Typing paper model of Quikbyke's prototype Qiosk.

Quikbyke: One Year Later

It was one year ago this month that the Nebraska Department of Economic Development awarded Quikbyke a 1:1 matching grant to build our first solar-powered electric bicycle rental "shop-in-a-box". We were required to write a feasibility report on the one year anniversary. Here's the gist of that 13-page report.

Design & Metrics - The design goal was to build and test the technological feasibility of operating a semi-mobile electric-assist bicycle rental service from a solar-powered, repurposed shipping container; and to assess consumer interest in renting said electric bicycles. Our key metrics were focused on charging system performance, eBike utilization, and rental rate acceptance.

Market Analysis - Our location adjacent -- literally within a few feet -- to a dozen-bike B-Cycle station at 10th & Dodge proved instructive from the viewpoint of product competition. Three factors seemed to determine when someone rented a B-Cycle instead of a Quikbyke. One: Product familiarity ... Two: Pricing... Three: Exercise.

Product Performance - We asked our renters upon their return to share their comments about their ride on the end panel of the container, a space measuring some 8 x 8.5 feet in area. We gave them a “Sharpie” felt marker and left them to write whatever they wished. Those comments ... universally praised the experience. “Great Ride - Robin,” “Awesome Ride! Loved It! - R.I.S.,” “Lots of Fun!”, “Nancy from Jersey - Great Ride,” “Wonderful way to around - Wyatt & Jada Slavin, Kansas,” “Electric bike is a blast - Kate H,” “Best way to see Omaha,” “Such a blast,” “Fantastic idea, fun way to travel,” “Absolutely the best bike ride ever!! Thank You - The Smiths, Pittsburgh - Go Leah!”. The last comment is by the parents of Gold and Bronze Medal winning swimmer Leah Smith at the 2016 Summer Olympic Games in Rio.

Distribution Avenues and Marketing - Our aim is to use the first Qiosk as a marketing tool, as well as proof-of-concept, primarily to help raise our first round of seed capital, which we see in the $1-3 million range, metered out over 18-24 months as we scale up and meet required milestones: building follow-on units and contracting with local operators, which can include both private and public entities.

Risk Analysis - All our technology is well proven and becoming increasingly affordable, which of course means we can expect to see competitors... High import duties, licensing fees, and property rentals can be expected, as well as shipping fees from the mainland to the islands and back twice a year. There also are the environmental risks posed by an ever-warming planet. Rising global temperatures and sea levels are forecast of spur intensifying tropical storms, coastal flooding, and the spread of tropical diseases like malaria, dengue fever, West Nile virus and now Zikas. These all will impact tourism in areas where we favor deploying our Qiosks, and are threats over which we have little if any control. However, we do hope to protect our technology, if not our market share, through our patent pending system for renting out electric-assist bicycles from a solar and/or wind-powered shipping container.

Commercialization Description & Feasibility - Now that we have built the prototype Qiosk and tested it in downtown Omaha over Summer 2016, our next step is to move it to Florida for further market acceptance “stress” tests: renting more bikes to more people to prove out the economic model.

Feasibility Conclusions - Quikbyke’s unique proposition is that we are the first to combine (these technologies) into a trend-pacing business model that taps into the growing generational interest in zero-carbon, active urban mobility and community asset sharing.

In short, to paraphase “Field of Dreams,” we built it and they came. Now we need to refine and replicate the model and offer it in many more communities.

Posted By: Bill Moore [25-Oct-2016]


Quikbyte Archive

  • PASTA Project: Cycling Has Greatest Health Benefits of Urban Transport
  • Yet Another University Study Finds Riding An E-Bike Is Good For Your Heart & Soul Too
  • Should You Wear A Helmet When You Ride a Bike?
  • Quikbyke Expands Rental 'Shop-in-a-Box' Qiosk Models
  • Of Doughnuts and Smart, Livable 21st Century Cities
  • A.I. vs Jobs: India & Quikbyke Face Similar Conundrums
  • My Peer-to-Peer EBike Sharing Experiment
  • It's Bike Month and Quikbyke's Solar Qiosk Is Now Florida-Bound
  • Facts And Myths About The Legality Of E-Bikes
  • Bike Share Boom, Bike Share Bust: A Quikbyke Solution
  • Bikes Good for Local Business
  • Five Reasons to Commute By E-Bike
  • Quikbyke: One Year Later
  • Bike Share Vs Quikbyke? It's No Contest
  • Bikes Vs. Cars
  • When Is a Bike Ride Not A Bike Ride? When It's a Quikbyke
  • Cruising London Fully Charged On An E-Bike
  • Creating Electric Bike Adventures In Time
  • E-Bikes to EU Rescue
  • eBikes and Wellness - The Evidence Mounts
  • Future Bodes Well For E-Bikes in America
  • How You Too Can Get 1000 MPG!
  • Those 'Deadly' Electric Bicycles
  • If You're Going To Ride A Bike, Here's Safest and Most Dangerous States
  • Building My E-Biking Confidence
  • Strava Around the Lake
  • CleanSpace and Our Dirty Air
  • Discover Omaha Beacons - Turning Your Phone Into a Tour Guide
  • Same Great Workout : More Evidence
  • How We Got the Bicycle
  • Could E-Bikes Help Parkinson's Patients?
  • Quikbyke's Q•pod Becomes Real Steel
  • What's Quikbyke's MVP? We're About to Find Out
  • The Bromptons of London
  • I Rode the Sun Today
  • The E-Bikes of the Balearics
  • Of Love and Bicycles
  • The SBA and My K15 'Conversation Starter'
  • Pricing the Quikbyke Kickstarter
  • Ford Seeking to Re-Invent Itself with Smart Mobility
  • When One Man and 1/2 HP Is Faster Than an Acura TLX
  • Aging Cities and Three-Wheeled Bikes
  • The Coming of Quikbyke
  • How Bicycles Can Help Reclaim Our Streets for Everyone
  • Dan Sturges and the Future of Micromobility
  • Here's Why I am Into E-Bikes
  • Powerful A.S.S. Can Help Ensure Success
  • Same Great Workout, Just Faster and More Fun
  • Bike Helmets, Accidents, and Hygiene
  • Will Cycling London's Underground Be a Haunting Experience?