Perhaps a little cocky, but the team member's experience gives me some amount of confidence. There is also a possibility it's over-complicated , which could lead to unreliability but it all remains to be seen.
As far as I can tell the Swigz team isn't planning on producing a bike for sale, rather, they want to patent and license tech they invent along the way. Their goal is to produce a bike with performance equal to a 600cc race bike which is, of course, prett tough. They say they didn't race this year because the Headway's they were going to put into it couldn't give them the numbers their hardware is supposed to be capable of.
There is supposed to be a spec class in TTXGP but I don't know what the parameters are. You can probably find out more about it here. http://www.egrandprix.com/wiki/index...itle=Main_Page
Not sure how rich any of the current TTXGP teams are. Swigz has been fortunate to get a lot of sponsors and that's helped them a lot. Think the existing teams have done pretty damn good with what they've got. Lightning, of course, but Electra and Electric Race Bikes also.
Motoczysz probably has the best budget in the electric motorcycle space and since their deal with Remy, it's probably only going to get better. Too bad he doesn't compete in the TTXGP.