Lit Motors is awesome, but let’s be realistic

Gigaom

San Francisco startup Lit Motors and its electric scooter prototypes are inspiring. Founder Danny Kim is a visionary and an all-around cool guy. Heck, I would want one of these rides. But if I look at Lit Motors from a business and startup perspective, then, well … I guess I’m a bit of a skeptic.

Forbes reported Wednesday that Lit Motors has raised a seed funding round of $1 million from some well-known well-off folks like Zynga co-founder Mark Pincus, surfer Kelly Slater, and South Korean entrepreneur Kim Jung-Ju. Designer Yves Béhar has also signed on as an investor and design adviser. In total Lit has raised a little over $2 million, according to the article.

The C-1 prototype. The C-1 prototype.

The new funding will go toward building a better, higher-speed prototype of its planned C-1 electric scooter, as well as hiring engineers. I saw a super-basic non-working prototype of…

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