Yes. It is a though thing to bring a product to market. I'm waiting to see if Mr. Boutakis replies to my emails (or shows up on this forum).
When I saw the yellow e-bike, I instantly thought their claims weren't possible. This design appears more viable, and could answer a lot of my wants in a folding bike. Certainly, some of his claims aren't helping the credibility of his project from the perspective of a potential backer... At least this is on Kickstarter instead of Indiegogo.
Personally, I like the crowd funding model, provided one goes in knowing the risks.
As to its viability as a profit maker? Who knows.