Sinclair Research worried that Clive Sinclair himself was using his own personal wealth to fund his inventions. By 1990 the company's entire staff had been reduced to just Sinclair himself, a salesman/administrator, and an R&D employee. By 1997 only Sinclair himself was working at his company. In 1992, the "Zike" electric bicycle was released, Sinclair's second attempt at changing people's means of transport. It had a maximum speed of , and was only available by mail order. Much like the C5, the "Zike" was a commercial failure, and sold only 2,000 units. In 1999 Sinclair released the world's smallest radio, in the
Sinclair C5 selling some of his own shares in Sinclair Research to fund a separate company that would focus on electric vehicles. A £12 million deal was reached in March 1983, of which £8.3 million was used to fund the establishment of the new Sinclair Vehicles company. Sinclair recruited Barrie Wills, a veteran former employee of the DeLorean Motor Company, to lead Sinclair Vehicles as its managing director. Although Wills initially expressed scepticism about the viability of an electric vehicle – his twenty-five years in the motor industry had convinced him that an electric car was never going to happen – Sinclair