biz.Best
photo profile biz.Best 2k Best
statut biz.Best Certified
Biography
Business | Innovation
Inspiration | Motivation
Watch Video
Share
December 9, 2021

In 2018, when Levi Conlow was 22, he talked his father into investing $50,000 of his retirement savings in an affordable electric bicycle he was designing. Though his first iteration flopped because of factors like range and speed, and “potentially screwed up [Dad’s] retirement,” Conlow quickly retooled and created Lectric’s $1,000 XP model (a typical e-bike costs more than $2,000), which he started selling in 2019. To date, Conlow has sold more than 100,000 bikes: the company is on track to book $85 million in revenue this year. Most importantly, his father got his retirement savings made flush again. “We got the old man paid back, and he’s happy with the investment now,” Conlow says.

Subscribe to FORBES: youtube.com/user/Forbes?sub_confirmation=1

Stay Connected
Forbes newsletters: newsletters.editorial.forbes.com
Forbes on Facebook: fb.com/forbes
Forbes Video on Twitter: twitter.com/forbes
Forbes Video on Instagram: instagram.com/forbes
More From Forbes: forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

#forbes #forbesmedia #forbesmagazine #forbesdigital #business #finance #entrepreneurship #technology #investing #personalfinance #levi #conlow #leviconlow #forbes30under30 #30under330 #under30