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Saygus delays the V2 smartphone again, launches flex funding campaign to raise some extra money

Saygus has delayed the V2 yet again, this time citing manufacturing problems. In the mean time, the company hopes to raise some money by launching an Indiegogo flex funding campaign.

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Published onJune 15, 2015

The Saygus V2 was originally unveiled way back at CES 2015, and we actually got to spend some quality hands-on time with the device. Toting two SD card slots for a potential total of 464GB of local storage, the device gained quite a few headlines back then for its multimedia-centric features. Since its unveiling, the launch date for the V2 (pronounced V-squared) has been delayed two times already, leaving fans of the smartphone and early backers questioning whether they’ll ever get to see the device in real life. And now Saygus has pushed back the launch of the device yet again, this time asking interested folk to donate to the company’s new Indiegogo campaign so the launch goes smoothly.

So, why is the company having trouble releasing the smartphone? Mainly it has to do with manufacturing issues. The company explains:

We recently informed our customers who pre-registered for our phone that the shipment will be delayed due to our need to switch manufacturers because they were not meeting our stringent quality requirements.

Saygus has launched an flex funding campaign to help with its financial woes

Saygus says that as conciliation for the delay while it changes manufacturers, the V2 will now come with two SIM card slots and an upgrade to Android 5.1 Lollipop, up from the original software that was running 4.4 KitKat. The company has also announced on Twitter that the device will now feature a USB Type C port, and that folks who pre-ordered the device will receive their units before Indiegogo backers. If you already paid for your device, you can cancel at any time, or wait for the new units to ship out (hopefully) by this fall.

The company is trying to raise $1 million to help with the extra costs of switching manufacturers, though the Indiegogo campaign gives off a shady vibe to it already. The campaign just launched earlier today, and Saygus has already raise upwards of $850K, thanks to over 1,000 anonymous backers that pledged their money before the campaign went live. Obviously this is Saygus adding in pre-orders that have already been placed to make the campaign look more successful, but that’s not very honest, now is it? It should be noted that this is also a flex funding campaign, so any money raised will be awarded to the company, no matter if the $1 million goal is reached or not.

Whether you get a funny feeling about the campaign or not is subjective, but I personally feel like this should be going a little smoother if the company was serious about producing a smartphone. Be sure to check out the Indiegogo campaign by following the source link below.

What are your thoughts on the company’s new financial strategy? Are you still interested in the device? Let us know your thoughts in the comments below.