May 19 2009
Leo Motors, Inc. (OTC: LEOM), an innovative automotive company engaged in the development, manufacture, and marketing of electric vehicles (“EVs”) and EV components, has signed a contract to provide 3,000 electric business motorcycles, named Hilless, to Bike Lease, the largest motorcycle leasing company in Korea.
Leo Motors’ Hilless business motorcycle model uses digital automobile technologies such as driving mode, whipping mode, and Ultra Balance Battery Management System (BMS) for sustainable use.
Until now, the problems of existing electric bikes have included an inability to run long distances up steep hills; sudden power loss immediately after achieving peak power; batteries that fail to work properly; and prohibitive expense.
Leo’s innovative drive mode enables the motor to exert the optimum torque in each RPM range. Leo’s whipping mode cuts off the power supply to the motor as the motor works fast enough to mount the road (analogous to a spinning or whipping top). Between whipping intervals, the motor is able to rest, thus preventing it from becoming overheated.
The Battery Management System represents another EV evolution. Leo’s Ultra Balance BMS maintains the balance of voltage between the battery cells up to 0.01 Volt.
Through Bike Lease, the Hilless model will be supplied free of charge to heavy bike users such as post office, pizza and Chinese food delivery businesses, online shopping mall delivery services, and courier services, so long as they spend more than $150 each month for gas. Instead, using Hilless free, these businesses will only pay the monthly costs for gas of the previous bike for twenty-four to thirty-six months according to the usage program. The start-up price of Hilless will be $3,000~$4,000 including all digital devices and BMS mentioned above, leading edge motor, sixteenth generation Lithium Polymer battery which can be used for more than ten years.
“We are very excited to introduce the Hilless motorcycle through our partnership with Bike Lease,” said Robert Kang, Chairman and CEO of Leo Motors. “The Hilless has shown an ability to overcome traditional weaknesses of electric motor vehicles, making it an ideal solution for businesses that require heavy bike delivery services.”