Sinclair Zike maximum speed of the bicycle operating under its own power was kept below 15 miles per hour to prevent it being classified as a motorcycle under UK law. The Sinclair Zike was developed by Sir Clive Sinclair following the commercial failure of the Sinclair C5 in 1985. Electric vehicles were one of his long-term research ambitions. The Zike was financed largely with his own money, and the manufacture was subcontracted to Tudor Webasto, a Birmingham-based company. The Zike was launched on 5 March 1992 at the Cyclex exhibition in Olympia, London, when a prototype was demonstrated to both press and
Clive Sinclair and £69.95 ready-built, by mail order. In February 1982 Timex obtained a licence to manufacture and market Sinclair's computers in the United States under the name Timex Sinclair. In April the ZX Spectrum was launched at £125 for the 16 kB RAM version and £175 for the 48 kB version. In March 1982 the company made an £8.55 million profit on turnover of £27.17 million, including £383,000 government grants for the TV80 flat-screen portable television. In 1982 Sinclair converted the Barker & Wadsworth mineral water bottling factory into the company's headquarters. (This was sold to Cambridgeshire County Council in December