Leo Motors supplying 3000 electric motorcycles to Korean leasing company

http://finance.yahoo.com/news/Leo-Motors-Inc-Signs-Contract-bw-15289368.html?.v=1

The deal is about supplying 3,000 electric business motorcycles to Bike Lease, the largest motorcycle leasing company in Korea. The brand name is "Hilless" (?? Hill-Less??).

They have this to say about prior EV technologies from competitors:-

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.

I'm not sure I understand the justification of their mitigating technology. They describe a "whipping" mode and times between "whipping" intervals that allow the motor to rest, that prevents overheating.

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.

Their website shows a wide range of vehicles such as:-

http://www.leomotors.com/

http://www.irgnews.com/coi/LEOM (has a video of the company bossman)

Leo Motors, Inc. was formed from the most innovative team of electric automotive experts in 2005 and has since introduced a line of vehicles to the world. Leo Motors, Inc. emerged as a Delaware corporation in November 2007 as the result of a reverse merger with SIMCO America (OTC: SCMA). Leo Motors, Inc., a Delaware company, through its operating subsidiary Leo Motors., Ltd., a Korean company, is in the business of developing, manufacturing, and marketing Electric Vehicles (“EVs”) and EV components. The company’s ultimate goal is to become the global leader in the EV market. The company’s overarching strategy is to gain an initial foothold in the EV market as a niche supplier, build on a reputation as a technology leader and a socially responsible company, and develop its catalog of products and technology while the market for EV develops. The company believes that if it can properly develop its brand, reputation, and product capability, then when the improving price and quality of EVs collides with the increasing demand, it will be able to reap the rewards. Leo Motors has established its technology and has been focused on securing a future export sales network in Australia, Japan, China, Southeast Asia, Europe, and the U.S.