> A significant aspect of the Japanese market is the prevalence of $1,200 electric bicycles, which now appears to be at around 30% of bikes seen around in Tokyo

> A significant aspect of the Japanese market is the prevalence of $1,200 electric bicycles, which now appears to be at around 30% of bikes seen around in Tokyo Electric bikes are a somewhat popular niche lately, but there's absolutely no chance they account for anywhere even near 30% of the bikes in use in Tokyo. The number of bikes, and biking population, in/around Tokyo is immense, and the vast majority of them are not electric (nor new, nor particularly fancy). Even amongst the recently popular small-wheel-two-kid-seat bikes, most don't seem to be electric. But you're absolutely right that the Japanese bike market would be a good one to target; it's very big, more upscale than many other countries, and oriented around practicality.