A number of troubling developments point to serious financial troubles for SONDORS, the company behind a wide range of electric bicycles as well as the Metacycle electric motorcycle (and an ill-fated three-wheeled electric car, but that’s another story).
This isn’t the first time that SONDORS has raised eyebrows. The company burst onto the scene in 2015 with a controversial new e-bike for the rock-bottom price of $500. At the time, many questioned whether it was a scam. SONDORS ultimately delivered the bikes, though rolled in late and landed short on the published specs. And that became a hallmark of the company over the years with multiple new product launches: delivered late and under-specced but always getting there. Mostly.
This time, though, may be different. Now the company seems to be facing a number of financial troubles that have resulted in worrying signs of potential collapse.
The original MetaCycle prototype from 2021
It all started in early 2021 when the company unveiled its flashy Metacycle electric motorcycle. At a bargain price of $5,000 with a top speed of 80 mph (130 km/h) and a max range of 80 miles (130 km), it looked like a revolution in the industry.
But in order to get a ride on that revolution, customers had to front the money in advance.
In usual SONDORS fashion, the company overran its expected timeline by months and then nearly a year. Some customers were angry, ultimately asking for refunds. Many received them. But eventually, the Metacycles started rolling out in small batches and arriving at some pre-order customers’ doors. I even got a ride on one of the bikes. It was actually surprisingly good.
Sure, it didn’t meet the performance figures that were originally promised. And the shiny polished aluminum frame somehow morphed into a matte PVC-pipe-colored gray. And it was somehow nearly 50% heavier than expected. But the bike worked pretty well and was a lot of fun.
Along the way, SONDORS opened another round of orders at a higher price of $6,500. Strangely, some of those orders even started arriving to customers, despite many of the original first batch customers from more than a year earlier still sitting there empty-handed. It appeared that SONDORS wasn’t shipping based on order number but rather prioritizing customers that it could quickly reach with its deliveries or who lived in states where SONDORS had already received regulatory approval for registrations and established distribution solutions.
As SONDORS continued to take orders but dragged its feet on shipments, customer anger grew. More riders began demanding refunds, many of which had waited nearly two years at that point. The ones who received refunds often had to contact the company dozens of times over weeks or months. Many more couldn’t get refunds at all.
SONDORS was obviously in desperate need of money and set its sights on an IPO to quickly generate the cash it needed to stay afloat. But the IPO plan was beset with problems from the start and eventually unraveled.
Metacycles began rolling out to customers across the US
That’s when key personnel started leaving the company, including executives. (Author’s note, and potentially spoiler alert: At this point, it is unclear exactly who remains working at SONDORS. There doesn’t appear to be anyone left in PR or marketing, and the CEO, Storm Sondors, has not responded to my requests for comment.)
Basically, things weren’t looking good for SONDORS or the company’s customers, but this was also a company that had repeatedly been pushed onto the ropes and somehow always gotten back up to make it through another round. Some held out hope that it could pull off another miracle.
Next, SONDORS launched a fire sale on Metacycles, which it claimed put 1,000 more orders on its books. If true, that likely added more cash to its coffers. The final Hail Mary for the beleaguered e-bike company appears to have been the unveiling of an off-road electric motorcycle known as the MetaBeast. It was only shown in renders, but that didn’t stop SONDORS from taking pre-orders for that model too.
How the SONDORS MetaBeast was projected to look, should it ever be built
That brings us to the present day.
If SONDORS had pinned its financial salvation on those MetaBeast pre-orders, then it doesn’t look promising.
All signs point to a serious financial meltdown at headquarters. In fact, there may not even be any headquarters anymore.
According to Google, the SONDORS facility in Los Angeles is now “permanently closed.”
But, apparently, leaving headquarters and working from home is the least of SONDORS’ corporate issues. That’s because it can’t even take credit card orders anymore.
Visiting the SONDORS website and trying to purchase a bike brings up an error explaining that the company can’t take orders right now. That’s likely due to a status issue with SONDORS’ merchant account.
While there do appear to be hundreds of Metacycles already cruising around US roads, there are likely thousands more customers still waiting for either a refund or a bike. They gather in online communities, sharing tips on potential avenues for refunds or otherwise simply commiserating together.
“Same as so many,” says one Metacycle customer. “I paid in full in 2022, canceled my order, was guaranteed a refund, and have now been ghosted by phone and email for months. I tried to do a chargeback on my credit card, but they don’t allow it past 120 days.”
Some others have been successful with credit card chargebacks, such as another customer whose delivery window came and went last spring. This customer said, “After being told that the bike was still in ‘quality check’ and would be no more than 4 to 5 weeks ‘tops’ back in the beginning of April of this year, and then being completely and entirely ghosted by support tickets, phone calls, voicemails, and emails, ever since, I finally went and did a chargeback with my credit card company a few weeks ago, and I’ve never felt better. I wasn’t even able to request a cancelation/refund through Sondors because they were completely unresponsive to any form of correspondence, which I believe actually worked to my favor in this case.”
Many customers are now openly discussing plans online for a class action lawsuit, even as rumors swirl of a fraud investigation from the Attorney General of California.
Where did it all go so wrong?
Hindsight is 20/20, and we aren’t even on the hind end of this ordeal yet, but the major issues can likely be traced back to SONDORS’s decision to expand into motorcycles.
Electric bicycles, while not simple machines, are vastly less complicated than electric motorcycles. Everything about e-bikes, from production to regulations to fulfillment logistics, is a walk in the park compared to motorcycles, which are honest-to-goodness motor vehicles.
While the company’s goal was admirable – trying to take their expertise in contract manufacturing to the next level with a larger and more capable product – the added cost and complexity were likely something the team simply wasn’t prepared for.
It’s not the first time a micromobility company on seemingly solid ground has overextended itself. Boosted Boards, once the brand name in electric skateboards, sought to expand its market with a high-tech and highly-refined electric scooter. And that’s exactly what it did – until the project proved so complicated and capital-intensive that it bankrupted the company after the first round of deliveries. Sound familiar?
So what happens now?
At this point, the future for SONDORS seems grim but not sealed. If any e-bike company can dance its way out of impending financial doom, it’s SONDORS. No one has more experience at it. But on the flip side, we’ve never seen SONDORS dance this close to midnight, and the music is very close to going out.
Without being able to reach anyone at SONDORS for comment, it’s impossible to say exactly what is going on or just how rocky the company’s footing currently is.
While the current majority in DC shared intentions to likely kill the existing $7,500 federal EV tax credit, some language in a (very fluid) proposal suggests that not all automakers will be immediately affected. For example, Rivian is an American automaker whose sales are young enough that US consumers might still be able to take advantage of the tax credit, and that could also include the upcoming R2 EVs.
May 13, 2025: As expected, the House Ways and Means Committee published markups of “The One, Big, Beautiful Bill” to the public domain. As we reported below, the proposal includes ending several federal tax programs on December 31, 2025.
That includes termination of the Qualified Commercial Clean Vehicles Credit and the Alternative Fuel Vehicle Refueling Credit, as well as the Energy Efficient Home Improvement Credit.
Lastly, the proposal includes a termination of the Clean Vehicle Credit at the end of this year. However, as originally reported below, there is an exception for automakers who have not sold at least 200,000 vehicles between December 31, 2009 and December 31, 2025.
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That means Rivian EVs could very well still qualify for federal tax credits through December 31, 2026.
The past two years, federal tax credits for EV sales through the Inflation Reduction Act have done wonders for US adoption, helping give consumers the last little push they needed to go all-electric with at least one vehicle in their home.
It was great while it lasted.
These days, the current administration has its sights set on a delusional idea of “success” from the past, trying to breathe new life into dying industries like coal and, yes, combustion vehicles. EV adoption was never going to happen overnight, but recent discussions among the GOP stating it is likely to kill the federal EV tax credit is disheartening news.
We’ve already long-surpassed “critical mass” in the US adoption process, so it’s a fair wager that EVs are here to stay and will continue increasing their market presence. While most makes and models are likely to be disqualified from federal EV tax credits after 2025 (only about 20 or so currently qualify these days), some proposed exceptions in place will allow credits to continue for American companies like Rivian, for example.
Rivian R1T (right) and R1S (left) Source: Rivian
Proposal states Rivian EVs could qualify for tax credits after 2025
According to Reddit user u/FiveDollarHoller, they are a lobbyist in the midst of Washington’s discussions to repeal the federal EV tax credit. According to the post, the US House Ways and Means Committee will finalize its tax title this week.
According to proposal shared by reliable source close to the lobbyist, a slew of credits will be eliminated on December 31, 2025, including the following:
We share the same sentiment as the lobbyist in that this proposal remains fluid and discussions are ongoing, so the details of these plans could have already changed by now and most likely will change before everything is approved through the necessary government channels.
One interesting tidbit in the current proposal is an exception within the $7,500 Clean Vehicle Credit for OEMs that have not sold 200,000 vehicles by December 31, 2025. If that exception makes its way into the final legislature, EVs from Rivian, including the R1S and R1T, could still qualify for tax credits.
Better still, Rivian recently shared that it remains on track to begin scaled production and deliveries of its second flagship model, the R2, in 2026, meaning customers of that BEV could also qualify for federal tax credits.
At the end of 2024, Rivian had sold 51,579 compared to 50,122 a year prior and 20,332 deliveries in 2022. Per its recent Q1 2025 quarterly report, the American automaker targets 40,000 to 46,000 deliveries in 2025. By those numbers, that puts Rivian around approximately 168,033 total deliveries if it hits the high end of its 2025 outlook.
As such, Rivian’s numbers would fall below the 200,000 sales threshold outlined in the current proposal. Again, this is hearsay at most until we get a legitimate proposal publicized by the Capitol. Still, it’s a noteworthy potential perk for companies like Rivian if it comes to fruition. It could also incentivize more US consumers to purchase a Rivian since it could be one of the only OEMs that still qualify (along with Lucid, probably).
Per the IRS, despite being built in Normal, Illinois, the Rivian R1 models are not listed as qualified BEVs for the $7,500 tax credit. We will have to see how this all plays out in the coming days and months.
Per the Reddit post, the complete text of the EV tax credit repeal proposal is supposed to be shared today (Monday) at 2 PM. Once a bona fide proposal is in place, it will still need to be approved by the House Ways and Means Committee, then the House, followed by the Senate (which may be a lot more challenging to get approved).
We will monitor this process closely, which will likely last well into 2025, and will report on what EVs (if any) may still qualify for federal tax credits next year and whether that will include Rivian. Regardless, if you’re pondering the idea of purchasing a BEV (Rivian or not), you should try to take delivery before the end of the year because the federal EV tax credit doesn’t appear long for this world.
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RIC Robotics just teased a 20-foot tall, AI-driven construction robot it calls, “the world’s first Giantroid.” There’s a few dudes in Japan who may dispute that claim, but there’s no question that this all-terrain robot has the potential to revolutionize the way big jobs get done!
While most famous for “3D printing” a 5,000 sq-ft. Walmart expansion construction job in under seven days, RIC Robotics are industrial automation experts who (they claim) are perfectly positioned to bring cognitive AI onto the world’s construction sites. And their latest concept, the Zyrex Giantroid, promises to be the machine to do it.
Unlike humanoid robots designed that are designed to replace humans in a 1:1 swap, the Zyrex is purpose-built for construction, and capable of performing both heavy-duty tasks, like heavy material handling and demolition, as well as delicate trades like welding, assembling, trimming, carpentry, and more.
“We’re not just building another robot ,” explains Ziyou Xu, founder of RIC Robotics, in an apparent dig at the more humanoid Tesla Optimus. “We’re engineering the future of construction with Zyrex … we’re addressing the industry’s labor shortages with powerful robotics capable of performing skilled work at scale.”
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The company claims the Giantroid will be ready for production early next year, be powered by a “self-charging” li-ion battery pack (translation: it plugs itself in), and make its way around human-centric job sites using a combination of AI, LiDAR, and optical cameras.
RIC Robotics estimates its Zyrex construction robot will be priced at “under $1 million,” and be made available with monthly leasing options starting below $20,000. More detailed specs aren’t available yet, so be sure to watch this space.
Electrek’s Take
3D printing a new Walmart; via RIC Robotics.
Even as wages seem to climb and the need for more housing and construction climbing along with them, the global shortage of construction workers and equipment operators continues apace. That’s why more autonomous and remote-operation solutions are needed, and why RIC Robotics is, I think, on the right path here.
As for the need for a Giantoid instead of humanoid, I’ll leave that to Xu. “If Tesla’s Optimus is the Ironman of the Avengers,” he says, “then Zyrex is the Hulk.”
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
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A team of white hat European hackers using their brains, keyboards, and a couple of bits and baubles from eBay managed to take control of a 2020 Nissan LEAF and violate just about every privacy and safety regulation in the process.
The best part: they recorded the whole thing.
Budapest-based cybersecurity experts PCAutomotive were able to exploit a number of vulnerabilities in a 2020 Nissan LEAF that enabled the white hat team to geolocate and track the car, record the texts and conversations happening inside the car, playing media back through the car’s speakers, and even (this is the genuinely terrifying dangerous part) turning the steering wheel while the car was moving. (!?)
Maybe the scariest part of this hack, however, is how seemingly easy it was to pull off by starting with a “test bench simulator” built using parts from eBay and exploiting a vulnerability in the LEAF’s DNS C2 channel and Bluetooth protocol.
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The PCAutomotive team gave a hugely detailed 118-page presentation of their exploit at black hat Asia 2025, which we’ve included at the bottom of this post, in case the original link goes dead. If you’re into that sort of thing, the fun stuff starts around page 27. And, if you’re not, just know that all the vulnerabilities were disclosed to Nissan and its suppliers between 02AUG2023 and 12SEP2024 (p. 116/118), and the “attack” itself can be seen in the video below that. Enjoy!
Summary of vulnerabilities
CVE-2025-32056 – Anti-Theft bypass
CVE-2025-32057 – app_redbend: MiTM attack
CVE-2025-32058 – v850: Stack Overflow in CBR processing
CVE-2025-32059 – Stack buffer overflow leading to RCE [0]
CVE-2025-32060 – Absence of a kernel module signature verification
CVE-2025-32061 – Stack buffer overflow leading to RCE [1]
CVE-2025-32062 – Stack buffer overflow leading to RCE [2]
PCA_NISSAN_009 – Improper traffic filtration between CAN buses
CVE-2025-32063 – Persistence for Wi-Fi network
PCA_NISSAN_012 – Persistence through CVE-2017-7932 in HAB of i.MX 6
Unfortunately, this is also one of those posts that some of the more clueless anti-EV hysterics will point to and say, “See!? EVs can get hacked!” But the reality is that virtually any car with electric power steering (EPS), electronic throttle controls, brake-by-wire, etc. can be hacked in a similar way. But, while steering a target’s car into an oncoming semi might be a great way to pull off a covert CIA assassination, the more worrying issue here is the breach of privacy and recording – unless you want to spend some time in El Salvadoran prison, I guess.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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