Unagi throws in the towel on its $700K Model Eleven scooter Indiegogo campaign

345 backers dug into their pockets to the tune of more than $700,000, but the scooter they backed – the Model Eleven – will never see the light of day. The company is offering its backers three options to make up for it, including a full refund, or a different model electric scooter.
Hardware can be excruciatingly hard – I should know, I ran a $500,000 Kickstarter project I very publically failed to deliver on – and crowdfunding projects have a shadow side: Manufacturing and business models never match up with the models you build at the beginning of a product developme

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