Danny Kim is building the world's first electric motorcycle that can't tip over.
Today, Kim makes prototypes in his three-story garage for two car companies. In addition to the motorcycle, he's also building a folding electric scooter.
He got the idea from a project he did at the Rhode Island School of Design -- he built a metal chair and a folding chair out of a box. Those projects gave him the idea to build a scooter that could also fold up.
Kim didn't want to put a price on the products since they are still in prototype stage. But he did get us a ballpark number: the scooter should sell for $700 in India and the electric motorcycle will be in the $16,000 to $24,000 range.
On his computer, a presentation read: 2 products equals $2 billion by 2017. If that's the case, Kim still has a lot to prove. He knows this, but he's glad he was able to prototype his concept without paying millions of dollars to outside contractors.
"I dropped out of Reed College just like Steve Jobs, but I'm definitely not Steve Jobs," Kim said. After dropping out, he traveled around the world and visited 106 cities, 28 countries, and 4 continents. "I saw everything I could off of $10,000 grand from savings from a job as Land Rover mechanic," he said.
We stopped by Lit Motors. The entrance is through the side doors.
Lead prototype engineer Chris Olney was hard at work at the milling machine. "He can visualize a metal component and fabricate it on the fly. He's an engineering sculptor," Lit Motors founder Danny Kim said.
Danny Kim is showing us the second floor.
See the rest of the story at Business Insider
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