Ryno closer to one-wheeled EV

| Print |  Email
Must Reads
Thursday, October 04, 2012

Portland-based Ryno Motors is raising money for its one-wheeled EV "microcycle."

The Oregon Angel Fund committed $800,000 into the bike’s ramp-up to production six weeks ago, a $1.3-million effort aimed at putting the first round of bikes on the road, contingent on contributions from other investors that are already rolling in. Ryno also received $50,000 from Drive Oregon, along with several other private investments. The company is now within $200,000 of its target with six more investors circling.

CEO Chris Hoffmann, with partners Tony Humpage and Byron McCann, has come a long way in the five years since his then-14-year-old daughter suggested he build the bike, inspired by a videogame. Now, he’s long out of the garage. With a new red color, upgraded suspension, better removable battery and a bigger seat, the bike — tested by both celebrities and the Portland Police Bureau — is headed to a limited number of buyers soon.

Read more at Sustainable Business Oregon.

{biztweet}ryno ev{/biztweet}

 

More Articles

Bendafornia: What’s driving the Northern California migration?

Contributed Blogs
Wednesday, August 05, 2015
bendiforniathumbBY KEN MAES

A huge migration from Northern California has contributed to average 16% growth per year since 1990.


Read more...

Quake as metaphor

Linda Baker
Tuesday, July 14, 2015
071515-earthquakia-thumbBY LINDA BAKER

The Big One serves as an allegory for Portland, a city that earns plaudits for lifestyle and amenities but whose infrastructure is, literally, crumbling.


Read more...

Reader Input: Road Work

March 2015
Wednesday, July 15, 2015

Oregon's roads are crumbling, and revenues from state and local gas taxes are not sufficient to pay for improvements. We asked readers if the private sector should help fund transportation maintenance and repairs. Research partner CFM Strategic Communications conducted the poll of 366 readers in February.


Read more...

Business School

September 2015
Wednesday, August 19, 2015
BY AMY MILSHTEIN

Training, from the mundane to the sublime, bolsters companies and workers in an uncertain world.


Read more...

Photo Log: Shooting 10 innovators in rural health care

The Latest
Monday, August 03, 2015
007blogBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

You may have noticed the photos of our rural health innovators departed from the typical Oregon Business aesthetic.


Read more...

Aim High

September 2015
Thursday, August 20, 2015
BY JOE CORTRIGHT

We get the education we deserve.


Read more...

Up on the Roof

September 2015
Wednesday, August 19, 2015
BY LINDA BAKER

In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction. 


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS