PedalCell Failure: Lessons from a Green Tech Startup's Demise
PedalCell: A Case Study in Green Tech's Ups and Downs PedalCell, a Chicago-based startup, aimed to revolutionize portable power generation with its bicycle-powered generator. The device, capable of producing 15-20 watts of electricity, presented a compelling vision of clean, human-powered energy. However, despite its innovative design, PedalCell ceased operations in early 2024. For further examples of failed green tech startups, see this useful resource. This case study analyzes the contributing factors to its failure, offering valuable insights for entrepreneurs, investors, and policymakers in the sustainable energy sector....