Melbourne-based Raine goes into ‘hibernation’ due to chip shortage, high commodity prices and delivery fees.

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Melbourne-based e-Mobility company, Raine has unfortunately halted work on their electric scooters. After first finding amazing success on Kickstarter, their first product, the Raine One, unfortunately won’t make it to production, largely as a result of COVID19. In update #67 to their backers, Raine made the difficult announcement that their costs have increased substantially. The scooter was expected to be priced at A$1,975.00 and while supporters may have accepted a small price increase, the costs have grown so significantly, it no longer makes sense to proceed to production. We have received a cost increase on the weekend of several hundreds of thousands of dollars from the overseas supply chain doing our build. This is a huge change that blows us […]

The post Melbourne-based Raine goes into ‘hibernation’ due to chip shortage, high commodity prices and delivery fees. appeared first on techAU.

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