Is Powerpedals going out of business?

[Fordulike]

Took a look at their website the other day and noticed that the Big Hit has dropped off the sales list.
Also, the Compy, Enduro and Esprit are mysteriously being sold way below list price.
Is this another electric bike company going out of business? Or just me reading into it too much

http://www.powerpedals.co.uk/catalog/category/view/s/our-products/id/5/

 

[flecc]

They did start out at these sort of prices, just below £1000. I think it's likely to be that their mini-boom in sales ended sharply, partly due to their price increases getting close to higher end competition and partly due to them being way above the new Chinese sourced crank drive bikes from such as Woosh and Kudos.

That may well have left them very overstocked in addition. Certainly they will find the going very tough now with the comparable competition starting at well below their levels.