E-bike firm blames Apple poaching for its demise

E-bike company blames Apple poaching for its demise

When promising EV firm Mission Bikes went bankrupt final month, it stated that “we’ve got not earned any money (or) income of any variety.” Nevertheless, it is now placing a part of the blame on Apple, claiming that it poached a number of of its prime engineers at a crucial time. Mission informed Reuters that an investor withdrew essential funding after two of its key engineers left for Apple, and the corporate ran out of money shortly afterwards. “Mission had an ideal group of of engineers… Apple knew that — they needed it, they usually went and received it,” stated CEO Derek Kaufman.

Apple has by no means acknowledged that it is even engaged on an electrical automotive, although it reportedly employed engineers away from established automakers. Tesla CEO Elon Musk just lately chided the corporate for the follow, saying that “they’ve employed individuals we have fired.” That stated, Mission admitted that it failed to seek out secure buyers like rival Zero Bikes, regardless of creating a pair of excellent-wanting, excessive-efficiency E-bikes. And it was clearly having troubles nicely earlier than it went bankrupt, because it sued considered one of its co-founders and delayed manufacturing quite a few occasions.

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E-bike company blames Apple poaching for its demise

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