Pebble Time raised $8 million and increased Stock of First Batch

Pebble Time raised $8 million and increased Stock of First Batch

A new Pebble Smartwatch has been revealed on Tuesday, Feb. 24, 2015. Pebble offers the new color smartwatch Pebble Time again as a Kickstarter project and it got funding in no time.

The new Pebble smartwatch has been unveiled on the Pebble site at 10am ET yesterday. The new Pebble smartwatch is named Pebble Time and is yet another Kickstarter project.

The Pebble Time Kickstarter project reached the $500,000 funding goal in less than 20 minutes and now about 12 hours after the launch Pebble has raised close to $8 million from about 37,000 backers. The original Pebble smartwatch collected over $10 million on Kickstarter. The new Pebble Time will reach that goal today and it the company will sell out the initial batch of Pebble Time scheduled to ship in May.

Pebble announced in an update that they have increased the available units in the $179 Kickerstarter rewards tier. Of the new 30,000 units 7,100 are left. There are also still multi-pack rewards available that ship in May. The early bird $159 tier already sold out within hours of the launch.

While the Peeble Time is already a big success for Pebble, we are talking pre-order numbers of about 40,000 units. This number would be a disaster for Apple when the company is launching the Apple Watch. We believe that the new Pebble Time will not slow the Apple Watch launch, but Android Wear devices are under siege from the Pebble Time. Pebble also raised the bar high for newcomers like Swatch.

The new Pebble Time is a color e-paper smartwatch that offers up to 7 days of battery and a new timeline interface that highlights what’s important in the wearer’s day. 

The new color e-paper display has a high contrast and always-on, perfect for displaying incoming notifications and the watchface. Compared with display technology like LCD or OLED, power consumption is minimized, enabling Pebble Time to achieve a battery life of up to 7 days.

Pebble Time’s new microphone lets users send voice replies to incoming notifications or take short voice notes. Pebble used the latest technology to maintain water resistance so consumers can swim or surf with Pebble Time. It is not water proof to the degree that it can be completely immersed in water.
Sending voice replies works with most major Android apps including SMS, Hangouts, Gmail, Facebook Messenger, Whatsapp and hundreds more. For iOS users, voice replies are currently limited to Gmail notifications. Pebble is working to enable voice replies for more apps.

Pebble Time is 20% thinner than the original Pebble at just 9.5mm. Its ergonomic, curved design fits comfortably on either wrist and slides easily under dress shirts.
Pebble Time is much better looking than the current Pebble. The lens is crafted from scratch-resistant Gorilla Glass with a bezel made of stainless steel. Like our previous watches, it’s water resistant – perfect for a run in the rain, water-balloon battle or a swim.

Pebble has also evolved the smartwatch user interface. The base concept is a timeline. notifications, news, reminders and events are laid out chronologically instead of being trapped inside separate apps. With one click, see what’s coming up next. Your timeline connects to calendars, alarms, and apps, organizing all kinds of relevant information along with quick actions. Similarly, recall the past.

The Pebble Time is available on Kickerstarter project.


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