FOUNDER ELECTRIC BIKE CO.
WHY: Runs Newport Beach maker of pedal-assisted bikes that’s among OC’s fastest-growing private companies. 228% growth to $10.5M for the year ended June 30 and 483% growth over a two-year period.
RECENT: Online backlog is eight to nine weeks as of September. Company has almost tripled the headcount from 16 a year ago to 43. Surf City showroom seeing brisk sales. “COVID has helped a lot. People want to get out and exercise.”
NOTABLE: Started his bike building as a nonprofit organization to donate vehicles to poor people in Zimbabwe. After a couple of years as a nonprofit, thought he could turn it into a profitable venture. Established company in 2014.
